Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this unit.

1.

What is the bullwhip effect according to the last lesson?

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2.

How can the coefficient of variation be calculated?

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3.

Will batch size affect total inventory?

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4.

Why is it important to consider time-varying targets?

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5.

What would you reply to the following statement: 'If I increase the batch size, I need to increase safety stock as well!'

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6.

What is an exposure period?

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7.

With fixed internal service level, what happens to backlog when exposure goes up?

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8.

How can we calculate the safety stock on single-stage scenarios?

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9.

What two important variables construct the foundation for the safety stock calculation?

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10.

How does the forecast error can be modeled?

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