IDS MIDTERM Flashcards
in a companys legal department boxes are counted every wednesday this is a _____ inventory system
Periodic
in ABC inventory model C items are
stored in larger numbers than category a items
UPC stands for
universal produc code
single period balances the cost of
shortages and excesses
if you order something once a week whic model is used in the inventory
fixed order interval
In regard to an operations capacity whic of tyhe following is true
Efficiency>= utilization
compared to manufactring operation an importnat difference in capacity planning for service operations is that
service operations must opten be located near customers and services cannot be stored
cooking stage can only handle 500 units per hous wil others handle 600
cooking stage is a bottleneck
whic decision is the riskiest
minimax regret
euclidean distance model considers
straight line distances
if there is alot of stores around each other
saturation marketing
difference between risk and uncertainty
whether or not probabilities are known
when a bunch of different services of the same business are around an area
competitive clustering
