A supply chain consists of five tiers: Customer, Retailer, W…

A supply chain consists of five tiers: Customer, Retailer, Wholesaler, Distributor, and Factory. Over the past 10 weeks, the order quantities at each stage were recorded as follows: Week Customer Retailer Whole Saler Distributor Factory 1 0 1 7 2 10 2 0 2 4 5 11 3 1 0 3 2 5 4 3 3 0 7 10 5 2 6 0 4 3 6 2 6 3 5 5 7 1 5 6 2 8 8 3 1 1 1 2 9 1 4 3 6 0 10 4 2 8 8 6 Mean 1.70 3.00 3.50 4.20 6.00 Variance 1.44 4.18 6.34 5.14 11.82   Questions: Which of the following statements best explains the data in the context of the bullwhip effect? [bullwhip] What would be the least effective strategy to reduce bullwhip effect? [strategy]

A company uses the basic Economic Order Quantity (EOQ) model…

A company uses the basic Economic Order Quantity (EOQ) model to manage inventory for a high-demand product. The operations manager wants to ensure the underlying assumptions of the model are understood before applying it to ordering decisions. Which of the following statements correctly describe assumptions or features of the basic EOQ model? Choose all that apply.