4. Three benefits to a firm of locating in a cluster are: Specialized suppliers,

Question

4. Three benefits to a firm of locating in a cluster are: Specialized suppliers, lobbying power, trained workers b Specialized suppliers, loyalty of workers, trained workers Specialized suppliers, loyalty of workers, group think d. Decreased competition, lobbying power, trained workers e. All of these 25. Revenue management is most appropriate under which of the following situations? a. Perishable capacity Excess capacity c. Variable capacity All of the above None of these 26. Southside uses a continuous replenishment system to manage its supplies of disposable paper cups. The average demand is 200 cups per day with a standard deviation of 25 cups. The leadtime is I week with a standard deviation of 2 days. What is the reorder point if President Cabrera wants to maintain a 99% service level? a. 2334 b. 1145 c. 2345 d. None of these e. 1134 7. Last month, the Speedy Cycle calculated its Cash to Cash Time. It found its Days of AP was 7.84, its Days of AR was 5.88, and its Days of Inventory was 19.6. What is its Cash to Cash Time? a. 5.88 b. None of these c. 17.64 d. 33.32 e. 21.56

Explanation / Answer

24. option B is correct. clustering helps firms to locate all they at one area and many locational benefits will be provided them. benefits like most of the suppliers visit the location, trained workers who are loyal to the work come and join with you.

25. option A is correct. usually it is concerned with perishable services like hotel industry, transportation industry etc.

26. reorder point= lead time demand+ safety stock=

safety stock= desired service level* standard deviation* square root of lead time

= 0.99*25*standard deviation of 2= 35

lead time demand= 5* 200+35= 1035 units (weakly 5 working days only)

option D is correct

27.CCC = DIO + DSO - DPO, where DIO = days inventory outstanding,DSO = days sales outstanding,DPO = days payable outstanding, The CCC is also referred to as the cash cycle

19.6-7.84+5.88= 17.64, option C is correct

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