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1) What are the two prime objectives in an organisational procurement scenario? Maximize service level, minimize cost Minimize lead time, lessen inventory costs Minimize service level, increase costs 2) Newsvendor model is: A multi period probabilistic model A single period probabilistic model A single period deterministic model 3) The Service Level is basically: Probability of Stockout Service Factor Shelf Availability 4) For a public hospital what objective would be prime ?? Maximize service level Minimize cost Minimize service level 5) For a local stationery shop what objective would be prime ? Maximize service level Minimize cost Minimize service level 6) What among these is not a parameter a retailer considers when procuring from a supplier ? Lead time Standard deviation Supply capacity 7) Which among these is not an input parameter for the simulation? Total budget Mean demand None of these 8) Which service would not have the prime objective as optimizing service level Fire brigade Hospitals E-retailers 9) Organisational procurement problem resembles the Dual sourcing newsvendor model Fixed demand model None of the above 10) Which service would have the prime objective as optimizing cost Stationery shops Emergency services Defense
1) What are the two prime objectives in an organisational procurement scenario?
Maximize service level, minimize cost
Minimize lead time, lessen inventory costs
Minimize service level, increase costs
2) Newsvendor model is:
A multi period probabilistic model
A single period probabilistic model
A single period deterministic model
3) The Service Level is basically:
Probability of Stockout
Service Factor
Shelf Availability
4) For a public hospital what objective would be prime ??
Maximize service level
Minimize cost
Minimize service level
5) For a local stationery shop what objective would be prime ?
6) What among these is not a parameter a retailer considers when procuring from a supplier ?
Lead time
Standard deviation
Supply capacity
7) Which among these is not an input parameter for the simulation?
Total budget
Mean demand
None of these
8) Which service would not have the prime objective as optimizing service level
Fire brigade
Hospitals
E-retailers
9) Organisational procurement problem resembles the
Dual sourcing newsvendor model
Fixed demand model
None of the above
10) Which service would have the prime objective as optimizing cost
Stationery shops
Emergency services
Defense
