Question: You don't have to answer. you can just do the tests. 1. Which of the following is not among the reasons for stocking? a. Taking


You don't have to answer. you can just do the tests.
1. Which of the following is not among the reasons for stocking? a. Taking advantage of the quantity discount b. Minimizing the cost of holding c. Reducing the risk of not having it 4. To be able to carry out production operations more comfortably to, e. To meet the expected demand 2. Which of the following cannot be said for ABC Analysis? a. The degree of control of all stocked materials is of equal weight and importance b. Stocked products are categorized not only in terms of monetary values, but also in number c. Divides the stocked materials on hand into 3 groups d. In ABC Analysis, "A" has the biggest value in monetary value and the lowest value in numerical amount and requires strict control c. In ABC Analysis, "C" has the lowest value in terms of monetary value but the highest value in terms of numerical amount 3. Which of the following is generally the issue of inventory management models? a. To minimize the absence of stock b. Minimizing the ordering amount c. Minimizing the number of orders d. Minimizing total inventory costs c. Minimize security stock 4. Which of the following can be said about the items that make up the total stocking cost? a. If the number of orders increases, the cost of holding will increase b. If the amount of products to be kept in stock increases, the cost of not holding decreases c. If the number of materials to be ordered in each onder increases, the total number of annual orders will also increase d Weights of holding, ordering and not holding are equal to e. There is a positive correlation between the cost of holding and the cost of not holding, 5. If the cost of ordering a product with an economic order amount (ESM) of 40 drops from 90 TL / order to 10 TL / order, which of the following is true compared to the old ESM for the new ESM? a. New ESM doubles b. Down to one third of it in the new ESM c. New ESM goes up to 9 times larger d. New ESM goes down to 1/9 level c. There is not enough data to calculate 6. If the cost encountered in each order is doubled according to the Economic Order Quantity model, what kind of change will occur in the economic order quantity provided that all other assumptions and costs remain the same? a. Increases by 200% b. Increases by 100% c. increases by about 41% d. Increases, but additional information is needed for how much c. Increases about 10% 6. The cost of a computer is 2000 TL and the annual holding cost is 30% of the price. If the annual demand is 10000 pieces and the cost per order is 150 TL, how much is the Economic Order Quantity? b. 70 c. 100 d. 600 c. 5000 7. Which of the following are the two most basic questions to be answered in stock management? a. Time and cost of orders b. Quantity and cost of orders c. Time and quantity of orders d. Order quantity and service level c. Order and handling costs 8. Almost all inventory models try to minimize which of the following? a. The risk of no-stock (absence) b. The quantity of products ordered c. Annual number of orders d. Total inventory cost e. Security stock 9. The demand for a product is 1000 pieces per year. Since the ordering cost is 20 TL and the holding cost is 4 TL / year per order, which of the following is true? 1. All demand must be met at once b. Order 10 picces per order c. Order must be made every 10 days d. Order 10 times a year c. None of them 10. The demand for a product is 1000 pieces per year. Since the ordering cost is 20 TL and the holding cost is 4 TL / year per order, what is the total inventory cost according to the basic Economic Order Quantity model? a. 4000 TL b. 400 TL c. 200 TL d.o c. Cannot be calculated because the price of the product must be known 11. In the economic order quantity model that allows quantity discount, which of the following is an attempt to answer? a. What is the lowest purchase price? b. Use fixed order quantity or fixed order time? c. How many products to order in each order? d. What is the shortest lead time? c. What is the lowest stock amount to meet the quality of service that customers expect? 12. In accordance with the decision taken in the inventory management, the decision "order 100 more pieces when the stock level reaches the 14 stock computers" is applied. Accordingly, which of the following is true? a. 100 re-order points and 14 show the quantity b. The number 100 indicates the demand function to be applied during the term of the term. c. 14 shows security stocks and 100 indicates reorder points d. 14 shows reorder points and 100 shows order quantity c. None of the above is true 13. Which of the following can be said for the Production Order Quantity (POQ) model? a. Eliminates the assumption that demand is known and constant b. Uses order cost instead of establishment cost in total inventory cost formula c. Assumes delivery of orders at once d. Causes more stock than ESM model c. The POQ model is suitable if the product in stock is sold / used as production is made 14. Which of the following can be considered among the advantages of the fixed order time model? a. There is no need for physical count in stock every time the products in stock are output b. No need to keep inventory records c. Orders are usually made in small quantities d. Average stock level drops c. Suppliers are more likely to cooperate 15. Which of the following can be considered among the disadvantages of the fixed order time model? a. Additional inventory records are needed b. Average stock level drops c. It is possible not to have any products in stock since there is no stock count during the review period d. Orders are generally higher c. Includes higher order cost than fixed order quantity model GROUP B: ESSAY TYPE QUESTION (Discuss the following case) (20 poinst) Hospitals face the problem of organizing an important stock item, whether large or small. This problem is how many units of blood they need to keep in stock according to each type of blood group, because blood is both very expensive and a product with a maximum shelf life of 5 weeks (at a temperature of 1-6 degrees Celsius). If every manager wants to keep the stocks to a minimum level, as well as emergency situations (such as accidents, disasters etc.), it often causes the stocks not to be kept optimally. Hospital management is considering implementing this strategy at 85% service level based on previous years' data. What might be the effects of this decision in terms of inventory management? What are the responsibilities of management in keeping products with short shelf life such as blood? Determine the stock management strategy, stock management and models assumptions that should be followed for such a product, taking into account the assumptions Step by Step Solution
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