Question 16 2 pts When there is uncertainty regarding demand and/or supply, safety stock (SS) needs to be held in inventory. If the order quantity in every order is (on average) Q, then the average inventory is given by _____ 01-0/2 O I = (Q + SS)/2 OI Q/2 + SS O I = Q + SS/2 Question 17 2 pts Adi wants to determine the best inventory model for his high-fashion shoes business. The business has a high degree of uncertainty in demand because of rapidly evolving tastes of consumers. These shoes take a long time to make, so Adi has to place the order well before the selling season. Once the season starts, Adi cannot place a new order for that season. On the other hand, once the season ends, Adi's consumers do not value the shoes from the previous season. Adi has to sell them in an alternate channel, often at a loss. The best model for Adi to use is the Basic EOQ model O Single Period (Newsvendor) Model O Multi-period (Q.r) Model O Multi-period (OUL) Model Question 18 2 pts Just Buy, Philly's friendly consumer electronics store has a weekly order cycle. Based on the past 50 week's data, Jest Buy found that on 2 out of 50 weeks, the MyPad line of tablets had a stockout. That is, on 48 out of 50 weeks, the MyPad line had no stockout. The number, 48/50, or 96%, is a good estimate of the MyPad line's ------ O expected sales O expected demand O fill rate O service level Question 19 2 pts For a company like Scientific Glass, the following is NOT a recommended way to reduce inventory: -------- O keep service level at critical ratio instead of high numbers like 99% O reduce the number of warehouses O monitor inventory continuously rather than periodically O sell in less quantity Question 20 2 pts The following is NOT a valid, supply chain management-related function of inventory: O decouple adjacent operations O give cover for emergencies O take advantage of price discounts on large orders o increase compensation to managers