QUESTION 1 When setting a variable inventory levels to meet CSL, what aggregate strategy is being used? a. Chase strategy b. Flexible strategy c. Level strategy d. Supply surplus strategy QUESTION 2 A greeting card store sells baby photo albums. Demand is 85 units per month and setup ordering cost of $3. Each unit costs $25 and there is an annua holding cost of 20%. The economic order quantity would be biz 12 QUESTION 3 Due to the pandemnic, a luggage manufacturer decided not to have a year end trade promotion. One outcome of that decision is a. Manufacturer will have more leverage If demand picks up next year b. Retailers will be carrying larger inventories at year end oc. Customers will receive greater discounts at year end d. Increasing the manufacturer's sales in current year QUESTION 4 Target has opened a new store. The manage has been told to expect weekly demand of 1000 and a standard deviation of 100. The manager will monitor the inventory periodically every 2 weeks. There is a replenishment lead time to the new store every 2 weeks. The desired customer service level is 95% Based on the data above, the desired safety stock level is a 233 b. 329 450 0.515 QUESTION 5 Demand for fitness masks is 8000 and the EOQ is 400. The cycle inventory is a. 200, 4.4 and the number of orders per year are b. 144,20 OL 144, 4.4 d. 200, 20 QUESTION 6 The manager of the new Target store is skeptical about the standard deviation of the demand (forecast) but cannot change it. If the manager wants to Increase inventory a. Decrease service level and decrease replenishment lead time b. Decrease the service level and continuously monitor inventory Increase the service level and increase the review interval lead time d. Increase service level and continuously monitor Inventory