Set of flashcards Supply Chain Management 3/12

Flashcards	27
Students	13
Language	English
Category	Macro-Economics
Level	University
Created / Updated	11.10.2021 / 15.04.2025
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Which statements regarding the methods for Lot Size Calculation are true?

Generally lot size calculation methods can be differentiated into those with or without cost optimization and those with static or dynamic approaches.

The lot size calculation pursues the goal of achieving economically optimal lot sizes and, thereby, find a compromise between higher stocks with larger lot sizes and higher set-up costs for smaller lots.

Dynamic methods assume a constant lot size.

The best known dynamic calculation method is the Harris-Andler method.

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Generally lot size calculation methods can be differentiated into those with or without cost optimization and those with static or dynamic approaches.

The lot size calculation pursues the goal of achieving economically optimal lot sizes and, thereby, find a compromise between higher stocks with larger lot sizes and higher set-up costs for smaller lots.

Dynamic methods assume a constant lot size.

The best known dynamic calculation method is the Harris-Andler method.

A car dealer has sold in each of the last six years the following number of cars (from year 1 to year 6):
3000, 7000, 14000, 8000, 3000, 2000

Determine, with help of the moving average method, which sales are to be expected for the upcoming seventh year if the sales from the last four years are considered.

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6750

An online platform has sold the following number of shampoos during the past seven years:

1: 63 / 2: 76 / 3: 82 / 4: 97 / 5: 77 / 6: 88 / 7: 91

Determine, with the help of moving average method, which sales can be expected for the upcoming eighth year,
if the last five years are considered.

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87

During the past four years, an aircraft manufacture has sold the following number of aircraft: 50, 25, 12, 13

Determine, with the help of the method of the moving average, which sales volume can be expected for the upcoming fifth year (under consideration of the last four years).

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25

Determine the optimal order quantity using the Harris-Andler Formula.

Annual demand: 500 pieces
Transaction cost per order: CHF 50
Annual storage cost in % of the at purchase price valued inventory: 15%
Purchase price per piece: CHF 70
Minimum inventory: 0 pieces

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69

Does the following statement correspond to the term "Method with Cost Optimization" or "Method without Cost Optimization"?

"Silver-Meal method"

Method with Cost Optimization