Question

16.One of the features of global pipelines is that there is often a higher level of _____ about the status of a shipment whilst in transit.

a.certainty

b.uncertainty

c.predictability

d. visibility

17.The ability to to deal with unexpected disruptions is referred to as _____

a.Responsiveness

b.Reliability

c.Resiliance

d.Relationships

18. Customer Value can be defined as

a.The total cost of ownership minus the acquisition cost

b.perception of benefits divided by the total cost of ownership

c.Perception of benefits minus the total cost of ownership

d.The acquisition cost divided by the total cost of ownership

32.The forecasting method that uses the average of the demand for the past n periods is _____

a.Simple Regression

b.Moving Average

c.Weighted Moving Average

d.Exponential Smoothing

Answer 1

16. (Option b) uncertainty

One of the features of global pipelines is that there is often a higher level of uncertainty about the status of a shipment whilst in transit.

17. (Option c) Resilience

The ability to deal with unexpected disruptions is referred to as Resilience.

18. (Option c) perception of benefits minus the total cost of ownership

Customer Value can be defined as perception of benefits minus the total cost of ownership

(CV= B-C).

32. (Option b) Moving average

The forecasting method that uses the average of the demand for the past n periods is Simple Moving Average.