Supply Chain Management Exam III 

 Supply Chain Management Exam III

PLEASE ANSWER ALL QUESTIONS, EACH IS WORTH 10 POINTS.

*****PENALTY FOR UNTYPED ANSWERS: (-20 POINTS).

*****PENALTY FOR EVIDENCE OF TEAM ANSWERS: (-100 POINTS)

Supply Chain Management Exam III

1a. Why is cost/benefit evaluation important for logistics and supply chain design?

1. Describe and rationalize the impact of increasing fuel prices on logistics network design.

2. Discuss the differences between improving customer service through faster and more consistent

transportation, higher inventory and/or expanded number of warehouses.

3a. Distinguish between reliability and character-based trust. Why is character-based trust critical in

collaborative relationships?

1. Distinguish among different types of supply chain relationship arrangements. What drives the differences?

4a. Briefly discuss the three objectives for developing and implementing performance measurement system.

1. How does Sarbanes-Oxley Act 2002 impact requirements for logistics performance measurement?

5. How does the balanced Scored-card concept help guide logistics managers in the development of a

Performance measurement system?

6a. Describe some of the logistics and supply chain challenges related to security, regulatory and compliance.

1. Describe the types of functional skills that are necessary to effectively manage the supply chain.

QUESTIONS 7-10.NO POINTS FOR ANSWERS ONLY, MUST SHOW COMPUTATION.

7a. Suppose fixed costs research and development, production equipment, and nonrecurring

introductory advertising and distribution expenses for a new cake mix are estimated to be

$75,000 per year. If the item sells for $6.00 per case and variable costs of labor and materials

are$3.50 per case. Compute the break-even volume.

1. The demand rate for an air conditioning starter capacitor is 11,000 per year. The regional

distribution center estimates average inventory levels at 500. Based on this average inventory

level, what is the annual inventory turn rate?

8a. Suppose that X is a random variable equal to property losses from hurricane and that Y has the

Following Probability distribution:

$100,000 with a probability of 0.02

X = $200,000 with a probability of 0.06

$0 with a probability of 0.92

What is the expected value of hurricane losses or expected?

1. Suppose that A is a random variable equal to profits from a hotdog stand at the beach, and D

has the following probability distribution:

$80,000 with a probability of 0.05

$60,000 with a probability of 0.25

A = $40,000 with a probability of 0.35

$12,000 with a probability of 0.20

-$12,000 with a probability of 0.15

What is the expected value of profits?

9a.  Use the following product information to compute the impact of price on demand and revenue:

1. Revenue
2.   Variable Cost
3. Profit

Product Price (P)     Demand (Q)  Variable Cost       Revenue       Variable Cost      Profit

A         $200               1320               $90                                ______           ______                _____

B         $300               1020               $90                                ______         ______                 _____

C         $400               780                $90                                ______         ______                 _____

D         $500               600                $90                                ______         ______                 _____

E         $600               480                 $90                                ______         ______                 _____

1. Compute the missing data for the following cost schedules.

Variable Cost (VC), Total Cost (TC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average

Total Cost (ATC), Marginal Cost (MC).

Output                        VC                  TC                  AFC                AVC               ATC               MC

1. $200                $700                $500                _____              _____              ____
2. $300                $800                $250                _____              _____              ____
3. $420                $920                $166.67           _____              _____              ____
4.  $580                $1080              $125                _____              _____              ____
5. $800                $1300              $100                _____              _____              ____
6. $1200              $1700              $83.33             _____              _____              ____
7. $1900              $2400              $71.43             _____              _____              ____               

10. Use the following information to determine which of the three locations (China, Singapore, and Indonesia)

should Jangson Group locate their subsidiary?

IMPORTANT                         FACTOR                    CHINA                       SINGAPORE             INDONESIA

LOCATION                           WEIGHTS                  SCORES                     SCORES                     SCORES

FACTORS                             (SUM TO 1)                (1-100)                                    (1-100)                                    (1-100)

————————————————————————————————————————————–

Labor Cost                              0.20                             100                              40                                90

Proximity to market                0.15                             100                              60                                80

Supply Chain                          0.25                             80                                80                                60

Compatibility

Quality of Life                        0.30                             70                                90                                60

Stability of                              0.10                             80                                100                              50

Government

—————————————————————————————————————————————

1. Provide computation for all the three countries?

1. Determine which country to locate?

1. Determine which country will be in line for the 2^nd location?

Supply Chain Management Exam III

Must show computations. No points for answers only.

UNIVERSITY SCHEDULED DATE & TIME:  15/12/2020                                 TIME:  8:00 PM       

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Supply Chain Management Exam III

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