1) What trade-offs do managers need to consider when making transportation decisions? A) Transportation cost versus inventory cost B) Transportation cost versus customer responsiveness C) Inventory cost versus customer responsiveness D) None of the above E) A and B only 2) Which of the following are computational procedures that can be used to make decisions regarding the routing and scheduling of deliveries? A) the EOQ model B) the safety inventory model C) the savings matrix method D) the loss prevention method E) A and C only 3) Supplier performance must be rated on many different factors because A) they impact the total supply chain cost. B) they minimize the supply chain involvement. C) they reduce the impact of price. D) they maximize the supply chain price. 4) Single sourcing for a product is used to A) ensure a degree of competition. B) guarantee the supplier sufficient business when the supplier has to make a significant buyerspecific investment. C) ensure the possibility of a backup should a source fail to deliver. D) all of the above Student Name: Student ID: 2 5) The second-price (Vickery) auction means to A). Choose the bidder with the lowest price but sign a contract at the price quoted by the second-lowest bidder B). Choose the bidder with the highest quality but sign a contract at the price quoted by the second-lowest bidder C). Choose the bidder with the second-lowest price but with the highest quality D). Choose the bidder the second-lowest price and sign a contract at the price quoted by the second-lowest bidder 6) The most important operational decision related to transportation in a supply chain is A). Choice of transportation mode B). the vehicle routing and scheduling C). Inventory aggregation D). Consolidation of shipments E). None of the above 7) On-time performance affects the variability of the lead time, because A) a reliable supplier has high variability of lead time. B) a reliable supplier has a short lead time. C) an unreliable supplier has a long lead time. D) a reliable supplier has a low transportation cost E) a reliable supplier has low variability of lead time. 8) The total cost of inventory, facility, and transportation will A) always increases when the number of facilities increases B) always increases when the number of facilities increases C) increases then decreases when the number of facilities increases D) decreases then increases when the number of facilities increases E) None of the above 9) About the hybrid analysis to determine location, which the following is incorrect A) Three measures to determine a location are critical, objective, and subjective B) The objective factors are defined based on cost. Thus, the revenue of a location cannot be considered in the method C) The objective and subjective factors may have different weights D) The subjective factors may include different weights E) None of the above 10) When designing a transportation network, which of the following questions is not considered? A). Should transportation be direct or through an intermediate site? B). Should each retailer store use continuous or periodic review from inventory management? C). Should each delivery route supply a single destination or multiple destinations? D). Should the intermediate site stock product or only serve as a cross-docking location? Student Name: Student ID: 3 11) To generate of the new solutions, genetic algorithms use A). crossover and duplicate (or copy) B). crossover, computation, and duplicate (or copy) C). crossover, mutation, and duplicate (or copy) D). crossover, mutation, and computation