What is a disadvantage common to the following two strategies: 1. varying inventory levels and 2. back ordering during periods of high demand?
What will be an ideal response?
Shortages or backorders may result in lost sales, i.e., customers may go elsewhere.
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The ______ part of the project’s Executive Summary identifies, at a high-level, an event or multiple events that have a significant probability of occurring, and could have a significant impact on project outcomes.
A. significant risks B. project description C. project overview D. background and project history
Plants A, B, C, and D produce the same item that is demanded by customers W, X, Y, and Z in the amounts shown in the table. The cost to ship one unit between each combination of plants and customers is also shown in the table
The corporation wishes to minimize the total transportation costs of this assignment problem. What are the decision variables? What is the objective function? What are the constraints? W X Y Z Total Supply A $3 $6 $4 $2 22,000 B $7 $10 $8 $6 19,000 C $10 $13 $11 $9 14,000 D $12 $15 $13 $11 15,000 Total Demand 25,000 15,000 18,000 12,000 What will be an ideal response?