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** **Supply Chain Management Exam III

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**PLEASE ANSWER ALL QUESTIONS, EACH IS WORTH 10 POINTS.**

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

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*******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?

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

- 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?

- 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.

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

- 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.

- 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.

- 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?

- 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:

- Revenue
- Variable Cost
- 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 ______ ______ _____

- 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**

**$200 $700 $500 _____ _____ ____****$300 $800 $250 _____ _____ ____****$420 $920 $166.67 _____ _____ ____****$580 $1080 $125 _____ _____ ____****$800 $1300 $100 _____ _____ ____****$1200 $1700 $83.33 _____ _____ ____****$1900 $2400 $71.43 _____ _____ ____**

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- 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

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

- Provide computation for all the three countries?

- Determine which country to locate?

- 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.**

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

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**<><><><><><><><><><><><><><><>GOOD LUCK!!<><><><><><><><><><><><><><><><><>**

Supply Chain Management Exam III

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