Exam 8: Logistics

A logistics manager uses this type of logistics information system to select a carrier for an outgoing shipment or to develop a weekly schedule of deliveries.

The landlord's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne and he did not hesitate to stock up on shrimp when he dropped by the shotgun double house he bought as an investment a few years ago. Sadly, it was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive and lengthy trip. The cheapest plane tickets that were routinely available cost $199 round trip, but occasionally there was a super sale where the price dropped lower than that. He always packed a cooler with $12 worth of ice regardless of how much shrimp he actually bought. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the price of round trip airfare that would make the landed cost of a pound of shrimp the same for both driving and flying?

A(n)________ uses more than one transportation mode through physical, information, and monetary flows that are as seamless as possible.

Betz Manufacturing's ________ system was designed specifically to handle warranty repairs which supported their green initiative where their products would be disassembled and 100% recycled at the end of their useful life.

What is a perfect order and what are five elements that might comprise such a measure?

What logistics and warehousing alternatives are most attractive to a company that competes based upon volume and design flexibility? Why?

Plants A, B, C, and D produce the same item that is demanded by customers W, X, Y, and Z in the amounts shown in the table. The cost to ship one unit between each combination of plants and customers is also shown in the table. The corporation wishes to minimize the total transportation costs of this assignment problem. What are the decision variables? What is the objective function? What are the constraints? Total Supply A \ 3 \ 6 \ 4 \ 2 22,000 B \ 7 \ 10 \ 8 \ 6 19,000 C \ 10 \ 13 \ 11 \ 9 14,000 D \ 12 \ 15 \ 13 \ 11 15,000 Total Demand 25,000 15,000 18,000 12,000

The landlord's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne and he did not hesitate to stock up on shrimp when he dropped by the shotgun double house he bought as an investment a few years ago. Sadly, it was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive and lengthy trip. Therefore he bought the cheapest plane tickets he could muster at $299 round trip and packed a cooler with $12 worth of ice. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the landed cost of a pound of shrimp?

The complicated gift basket was delivered exactly as it was designed and in plenty of time to be enjoyed during seasonal celebrations. From a logistics performance standpoint, the product could be considered a(n)________.

Last year the Perfection Logistics Company delivered 3.1 million packages and damaged 45,000 deliveries, sent 28,000 to the wrong address, and was late 20,000 times. Assuming no package had more than one error, Perfection's percent perfect order is:

The solution obtained from an assignment problem is an optimal answer to the problem of shipping goods from multiple sources to multiple destinations.

Seasonal goods such as holiday decorations and recreational equipment may be placed in a(n)________ close to the marketplace.

A firm that maintains a high-volume of demand throughout the year is a better candidate for ________ logistics services than a firm with sporadic demand.

A company interested in consistently achieving a high level of on-time delivery would be best served by the highway or air modalities of transportation.

Define logistics and explain why it is critical.

The landlord's favorite place to buy shrimp in New Orleans was the Cajun Seafood market on Claiborne and he did not hesitate to stock up on shrimp when he dropped by the shotgun double house he bought as an investment a few years ago. Sadly, it was 685 miles one way to visit the property and even though gas was available at $1.88 per gallon and the car achieved 25 miles per gallon, it was an expensive and lengthy trip. The cheapest plane tickets that were routinely available cost $199 round trip, but occasionally there was a super sale where the price dropped lower than that. He always packed a cooler with $12 worth of ice regardless of how much shrimp he actually bought. The shrimp were a bargain at $7.99 per pound for jumbos and he always tried to fit 35 pounds of the crustaceans in the cooler. What is the price of round trip airfare that would make the landed cost of a pound of shrimp the same for both driving and flying and what is that landed cost?

Which of these statements about reverse logistics is BEST?

Which of the following is a type of material handling equipment?

The perfect order measures how effectively logistics serves the customer while the landed cost measures how efficiently logistics provides that service.

The goods entered doors on one side of the massive building and crossed the floor to the other side, where they were sorted and loaded on delivery trucks headed out on their delivery routes. The screams of the workers were drowned out by the constant traffic from the nearby airport and rail yard, making this an ideal ________ for the retail giant.