Question

question 57 (1 point)
listen
in the context of aggregate planning options, which of the following costs are an implication of allowing stockouts?
inventory - carrying costs
lost sales and customer loyalty costs
high labor costs and premiums
separation costs
question 58 (1 point)
listen
which of the following is true of process selection models?
the objective is usually to minimize cost, and typical constraints are meeting demand requirements and resource limitations.
the goal is to use machines with identical capabilities.
they seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
typical constraints include marketing requirements such as minimum and maximum amounts to produce.
question 59 (1 point)
listen
____ models seek to determine quantities of different products to produce and sell in order to maximize contribution to profit.
product mix
process selection
linear optimization
linear regression

Explanation:

• Question 57: Stockouts mean not having products when customers want to buy. This leads to lost sales as customers may buy from competitors, and also loss of customer loyalty as they may be dissatisfied. Inventory - carrying costs are related to holding inventory, high labor costs and premiums are about workforce, and separation costs are related to employees leaving, none of which are direct implications of stockouts.
• Question 58: Process selection models aim to choose the most efficient production process. The common objective is to minimize cost while meeting demand requirements and dealing with resource limitations. Using machines with identical capabilities is not the main goal, and determining product - quantities for profit maximization is more of a product - mix model concern. Marketing requirements like minimum and maximum production amounts are not typical constraints for process selection models.
• Question 59: Product - mix models are used to find the optimal quantities of different products to produce and sell to maximize profit. Process selection is about choosing production processes, linear optimization is a broader concept, and linear regression is used for predicting a continuous variable based on another variable, not for determining product quantities for profit maximization.

Answer:

Question 57: B. Lost sales and customer loyalty costs
Question 58: A. The objective is usually to minimize cost, and typical constraints are meeting demand requirements and resource limitations.
Question 59: A. Product mix