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Flashcards	10
Language	English
Category	Finance
Level	University
Created / Updated	10.06.2024 / 11.06.2024
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Which statements regarding the calculation of the Economic Order Quantity (EOQ) with the Harris-Andler Method are correct?

The classic Harris-Andler method is based upon the assumption that an order does not arrive immediately and enter into inventory.

The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is constant.

The best known of the static methods for lot sizing is the Harris-Andler procedure.

The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is not constant.

Which statements regarding Forecasting Methods are true?

The method of the moving average is characterized by the rolling shift of the period under consideration.

The method of the simple mean value is characterized by the rolling shift of the period under consideration.

With the moving average method, all demand quantities from the past are taken into account by calculating the arithmetic mean of these values.

A forecast calculation using the moving average is only recommendable with stationary demand behavior.

Which statement regarding the methods for Lot Size Calculation is true?

The Harris-Andler method offers a better informative value than static calculations, especially when the requirements are highly volatile.

Methods without cost optimization are also called "simple methods."

The static processes assume a variable lot size.

One of the most common dynamic methods is the "sliding economic lot size."

Which statements regarding the procedures for Sales Planning is true?

Trending and stationary demand profiles display, to a certain extent, a linear profile.

In sales planning, it is determined during which periods which quantities of a specified product assortment should be available for delivery.

Sporadic and trending demand profiles are called mixed profiles.

Generally, four different types of forecasting methods can be distinguished between in sales planning.

Which statements regarding the methods for Lot Size Calculations is true?

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.

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

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

Dynamic methods assume a constant lot size.

Which statements regarding the Economic Order Quantity (EOQ) and the Harris-Andler Method are true?

The best known of the dynamic methods for lot sizing is the Harris-Andler method.

The classic Harris-Andler method is based upon the assumption that an order arrives immediately and is entered into inventory.

The classic Harris-Andler method is based upon the assumption that no backorders occur.

The classic Harris-Andler method is based upon the assumption that the cost of carrying inventory is constant.

A car dealer has sold in each of the last six years the following number of cars (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.

6750

During the past four years, an aircraft manufacturer 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).

25

Schreiner GmbH needed 10,000 wooden boards last year. For ordering and transporting the wooden boards, Schreiner GmbH incurs costs of CHF 1,000 per order. The storage cost rate is 10%. The value of a single wooden board is CHF 50. Calculate the optimal order quantity in pcs. using the Harris-Andler formula.

2000

Determine

69

Logistics and SCM - 3 Procurement side, in depth FHNW

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