Quiz

1) What is the main objective of studying Bullwhip Effect?

  To maximize profits

  To forecast demand

  To minimize the probability of stockout

2) Which among the following is not important factor contributing towards BullWhip Effect:

  Supply Line

  Inventory

  External Demand

3) What will be a good measure of Bullwhip Effect:

 Variance in the stock ordered

  Variance in the stock ordered of a higher echelon

 Ratio of above two variances

4) When the demand is higher than the ordered quantity plus the inventory which of the following cost is incurred?

 Underage Cost

 Overage cost

 Marginal Cost

5) What are the features of System Dynamics:

  Time Delay

 Internal Beedbacks

 All of the above

6) Which of the following policy will have fixed orders:

  s - S

 s - Q

 Order to S

7) In "s - S" policy if S is equal to 12 and s is equal to 10 and inventory is equal to 11, order would be:

 0 units

 1 units

 2 units

8) In "Order to S" policy if S is equal to 10 and the Inventory is equal to 12 then order placed would be:

 2 units

 4 units

 None of the above

9) "Bullwhip Effect" simulation is basically

 Dynamic Simulation

 Static Simulation

 None of the above

10) In a system, an object of interest is called

 Attributes

 Entity

 Function