Measuring Outcomes: a methodological challenge M9205 October 24, 2000.
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North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
LogisticsChallenge
2000
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
About the Challenge
• A ‘College Bowl’ type competition between universities
• Tonight’s questions are from last year’s 12th Annual Pittsburgh CLM Roundtable College Challenge– In 1998, UNT had the highest finish of
any first time team.– In 1999, UNT won the national
championship.• Kathryn Cunningham (pursuing UNT MBA)• Chris Jarrard (webTransport)• Rex Fryhover (Nokia)• Dustin Storey (CH Robinson)
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Challenge Costs• The Pittsburgh CLM Roundtable pays for
the room and board expenses of all competing teams and their faculty advisor
• Competing teams are responsible for their own travel expenses:– In the last two years the UNT teams have
been sponsored by the Texas Logistics Education Foundation (TLEF)
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Rules and Procedures
• The competition involves preliminary qualifying rounds. Teams with the top score from each qualifying round (plus the highest 2nd score) compete in the Final Championship Round.
• Tonight’s college teams:– DeVry– UNT– UTA
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
PreliminaryRoundOne
10 questions
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
1st Five Questions:5 points
Response Time:10 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 1
An order bill of lading differs from a straight bill of lading in that:
a. an order bill is a freight bill while the straight bill is not
b. an order bill is negotiable while the straight bill is not
c. the straight bill is negotiable while an order bill is not
d. there is no difference between the two
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 1
An order bill of lading differs from a straight bill of lading in that:
a.a. an order bill is a freight bill while the an order bill is a freight bill while the straight bill is notstraight bill is not
b. an order bill is negotiable while the straight bill is not
c.c. the straight bill is negotiable while an the straight bill is negotiable while an order bill is notorder bill is not
d.d. there is no difference between the twothere is no difference between the two
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 2
a. considers the supply side of the transport pricing function
b. considers the value of products to be irrelevant with respect to transport pricing
c. considers the ability of the product to withstand transportation charges
d. determines the lower limit of freight ratese. none of the above
In transportation value of service pricing:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 2
a. considers the supply side of the transport considers the supply side of the transport pricing functionpricing function
b. considers the value of products to be considers the value of products to be irrelevant with respect to transport pricingirrelevant with respect to transport pricing
c. considers the ability of the product to withstand transportation charges
d. determines the lower limit of freight ratesdetermines the lower limit of freight ratese. none of the abovenone of the above
In transportation value of service pricing:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 3
a. customer intervalb. product cyclec. time intervald. order cycle
What is the time called that it takes for a customer to receive an order once it
has been placed?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 3
a. customer intervalcustomer intervalb. product cycleproduct cyclec. time intervaltime intervald. order cycle
What is the time called that it takes for a customer to receive an order once it
has been placed?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
If a railroad carries more freight which increases its revenues by, say 10%,
but its costs increase by only 5%, what effect will this have on its “operating
ratio?”
Round 1 - Question 4
a. decrease itb. increase itc. have no effect
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
If a railroad carries more freight which increases its revenues by, say 10%,
but its costs increase by only 5%, what effect will this have on its “operating
ratio?”
Round 1 - Question 4
a. decrease itb. increase itincrease itc. have no effecthave no effect
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 5
a. decreasingb. inelasticc. elasticd. insensitivee. none of the above
Which best describes the aggregate demand for freight transportation?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 5
a. decreasingdecreasingb. inelasticc. elasticelasticd. insensitiveinsensitivee. none of the abovenone of the above
Which best describes the aggregate demand for freight transportation?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
2nd Five Questions:10 points
Response Time:15 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 6
a. deregulationb. just-in-time inventory systemsc. fuel price increasesd. the globalization of business
Each of the following factors have significantly altered the face of
transportation except:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 6
a. deregulationderegulationb. just-in-time inventory systemsjust-in-time inventory systemsc. fuel price increasesd. the globalization of businessthe globalization of business
Each of the following factors have significantly altered the face of
transportation except:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 7
a. closer to customerb. cost controlc. local decision makingd. empower the workforce
Which of the following factors tends to drive firms toward centralizing their
logistics functions?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 7
a. closer to customercloser to customerb. cost controlc. local decision makinglocal decision makingd. empower the workforceempower the workforce
Which of the following factors tends to drive firms toward centralizing their
logistics functions?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 8
a. the shipper is responsible for freight costsb. the carrier is responsible for freight costsc. the freight costs are dependent on the
carrier’s F.O.B. estimated. the consignee is responsible for freight
costs
With “F.O.B. Origin” terms:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 8
a. the shipper is responsible for freight coststhe shipper is responsible for freight costsb. the carrier is responsible for freight coststhe carrier is responsible for freight costsc. the freight costs are dependent on the the freight costs are dependent on the
carrier’s F.O.B. estimatecarrier’s F.O.B. estimated. the consignee is responsible for freight
costs
With “F.O.B. Origin” terms:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 9
a. rates must cover fixed costs, variable costs, and planned profit
b. rates must cover fixed costs, variable costs, and marginal profit
c. rates must cover only fixed and variable costs
d. rates must cover variable costs
Contribution pricing theory requires:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 9
a. rates must cover fixed costs, variable costs, rates must cover fixed costs, variable costs, and planned profitand planned profit
b. rates must cover fixed costs, variable costs, rates must cover fixed costs, variable costs, and marginal profitand marginal profit
c. rates must cover only fixed and variable rates must cover only fixed and variable costscosts
d. rates must cover variable costs
Contribution pricing theory requires:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 10
a. pulls the location towards the source or market
b. pushes the facility towards the source of the raw material
c. there is no effectd. makes the optimum location at the
midpoint between the raw material sources and the marketplace
What is the effect of tapering rates on facility location?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 1 - Question 10
a. pulls the location towards the source or market
b. pushes the facility towards the source of pushes the facility towards the source of the raw materialthe raw material
c. there is no effectthere is no effectd. makes the optimum location at the makes the optimum location at the
midpoint between the raw material midpoint between the raw material sources and the marketplacesources and the marketplace
What is the effect of tapering rates on facility location?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
RoundOne
Tiebreaker(if required)
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 1
a. pipelineb. railroadc. waterd. motor carrier
Which mode of transportation has the highest proportion of fixed costs?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 1
a. pipelineb. railroadrailroadc. waterwaterd. motor carriermotor carrier
Which mode of transportation has the highest proportion of fixed costs?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 2
a. the biggest problem with screening is that only a sample of items are inspected in batch
b. the average manufacturing firm spends three times more on compensation than on purchases
c. the key document in the movement of goods is the bill of materials
d. a rate that does not vary based on distance is called a blanket rate
e. all of the above are false
Which of the following statements is true?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 2
a. the biggest problem with screening is that only a the biggest problem with screening is that only a sample of items are inspected in batchsample of items are inspected in batch
b. the average manufacturing firm spends three the average manufacturing firm spends three times more on compensation than on purchasestimes more on compensation than on purchases
c. the key document in the movement of goods is the key document in the movement of goods is the bill of materialsthe bill of materials
d. a rate that does not vary based on distance is called a blanket rate
e. allall of the above are false of the above are false
Which of the following statements is true?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 3
a. the marketing mixb. the customer service mixc. the logistics mixd. the promotion mix
The blending of product availability, order cycle time, distribution system
flexibility, distribution system information, distribution system
malfunction, and post sale product support for customers is known as:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 3
a. the marketing mixthe marketing mixb. the customer service mixc. the logistics mixthe logistics mixd. the promotion mixthe promotion mix
The blending of product availability, order cycle time, distribution system
flexibility, distribution system information, distribution system
malfunction, and post sale product support for customers is known as:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 4
a. set up AMTRAKb. set up Conrailc. changed merger regulationsd. provided for rail deregulation
The Staggers Act of 1980 was important to railroads because it:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 4
a. set up AMTRAKset up AMTRAKb. set up Conrailset up Conrailc. changed merger regulationschanged merger regulationsd. provided for rail deregulation
The Staggers Act of 1980 was important to railroads because it:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 5
a. airb. motorc. pipelined. raile. water
Which transportation mode employs“batching pigs”?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 1 - Question 5
a. airairb. motormotorc. pipelined. railraile. waterwater
Which transportation mode employs“batching pigs”?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
PreliminaryRoundTwo
10 Questions
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
1st Five Questions:5 points
Response Time:10 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 1
a. spatial relationshipb. temporal intensityc. densityd. ruler variance
The distance factor involving the location of nodes, or fixed points in the
logistics system is referred to as:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 1
a. spatial relationshipb. temporal intensitytemporal intensityc. densitydensityd. ruler varianceruler variance
The distance factor involving the location of nodes, or fixed points in the
logistics system is referred to as:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 2
a. the reputation of the company is improved through the use of higher priced transportation
b. the customer receives the order before the ordered delivery date
c. total logistics costs are loweredd. transit time is not a factor
Selection of air freight transportation, over a motor carrier, even if the choice increases transportation costs, might
be justified if:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 2
a. the reputation of the company is improved the reputation of the company is improved through the use of higher priced transportationthrough the use of higher priced transportation
b. the customer receives the order before the the customer receives the order before the ordered delivery dateordered delivery date
c. total logistics costs are loweredd. transit time is not a factortransit time is not a factor
Selection of air freight transportation, over a motor carrier, even if the choice increases transportation costs, might
be justified if:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 3
a. compressed airb. gasc. waterd. vacuume. none of the above
What medium is used to move coal in slurry lines?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 3
a. compressed aircompressed airb. gasgasc. waterd. vacuumvacuume. none of the abovenone of the above
What medium is used to move coal in slurry lines?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 4
a. community servicesb. level of local union activityc. zoning lawsd. location of existing and potential
customerse. all of the above
Determining where to locate a plant or warehouse involves consideration of
the following factor:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 4
a. community servicescommunity servicesb. level of local union activitylevel of local union activityc. zoning lawszoning lawsd. location of existing and potential location of existing and potential
customerscustomerse. all of the above
Determining where to locate a plant or warehouse involves consideration of
the following factor:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 5
a. carriers to price their offerings without the need to publish rates
b. confidential “all trade” service contracts between carriers and shippers
c. a. and b. aboved. none of the above
As of May of 1999, ocean transport was deregulated. This allowed:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 5
a. carriers to price their offerings without carriers to price their offerings without the need to publish ratesthe need to publish rates
b. confidential “all trade” service contracts between carriers and shippers
c. a. and b. abovea. and b. aboved. nonenone of the above of the above
As of May of 1999, ocean transport was deregulated. This allowed:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
2nd Five Questions:10 points
Response Time:15 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 6
a. the EOQ will increase by 10%b. the EOQ will increase by 20%c. the EOQ will decrease by 10%d. the EOQ will decrease by 20%e. the EOQ will remain the same
If demand increases by 10% and the value of each unit increases by 10%,
what will happen to the EOQ? (Assume that everything else remains the
same).
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 6
a. the EOQ will increase by 10%the EOQ will increase by 10%b. the EOQ will increase by 20%the EOQ will increase by 20%c. the EOQ will decrease by 10%the EOQ will decrease by 10%d. the EOQ will decrease by 20%the EOQ will decrease by 20%e. the EOQ will remain the same
If demand increases by 10% and the value of each unit increases by 10%,
what will happen to the EOQ? (Assume that everything else remains the
same).
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 7
a. more “FOB Delivered” termsb. more “FOB Origin” termsc. putting less emphasis on terms and more
emphasis on first time costd. making freight cost the supplier’s
problem
Which of the following strategies are mass merchant retailers generally
pursuing:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 7
a. more “FOB Delivered” termsmore “FOB Delivered” termsb. more “FOB Origin” termsc. putting less emphasis on terms and more putting less emphasis on terms and more
emphasis on first time costemphasis on first time costd. making freight cost the supplier’s making freight cost the supplier’s
problemproblem
Which of the following strategies are mass merchant retailers generally
pursuing:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 8
a. transport costs will decrease; inventory cost and cost of lost sales will increase
b. transport costs and cost of lost sales will increase; inventory costs will decrease
c. transport costs and inventory cost will decrease; cost of lost sales will increase
d. transport costs and cost of lost sales will decrease; inventory costs will increase
e. none of the above
As the number of warehouses used by a company increases:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 8
a. transport costs will decrease; inventory cost transport costs will decrease; inventory cost and cost of lost sales will increaseand cost of lost sales will increase
b. transport costs and cost of lost sales will transport costs and cost of lost sales will increase; inventory costs will decreaseincrease; inventory costs will decrease
c. transport costs and inventory cost will transport costs and inventory cost will decrease; cost of lost sales will increasedecrease; cost of lost sales will increase
d. transport costs and cost of lost sales will decrease; inventory costs will increase
e. nonenone of the above of the above
As the number of warehouses used by a company increases:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
What is the average inventory in the following situation?
•order size = 100 units•1 demand during lead time equals 50
units•the desired level of protection from
stockouts is 97.57 (2)
a. 150 unitsb. 200 units
c. 100 unitsd. 250 units
e. 75 units
Round 2 - Question 9
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
What is the average inventory in the following situation?
•order size = 100 units•1 demand during lead time equals 50
units•the desired level of protection from
stockouts is 97.57 (2)
a. 150 unitsb. 200 units200 units
c. 100 units100 unitsd. 250 units250 units
e. 75 units75 units
Round 2 - Question 9
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 10
a. results in a contract when the acknowledgment copy is returned by the supplier to the purchaser
b. results in a contract only when the supplier ships the material
c. creates a contractd. must be done in at least two copies to be
legale. none of the above
Giving or sending a purchase order to a supplier:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Round 2 - Question 10
a. results in a contract when the acknowledgment copy is returned by the supplier to the purchaser
b. results in a contract only when the results in a contract only when the supplier ships the materialsupplier ships the material
c. creates a contractcreates a contractd. must be done in at least two copies to be must be done in at least two copies to be
legallegale. nonenone of the above of the above
Giving or sending a purchase order to a supplier:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
RoundTwo
Tiebreaker(if required)
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 1
a. the model is used to determine the lower limit of freight rates
b. the model considers the supply side of the transportation function
c. the value of the product is considered to be irrelevant in the determination of the freight rate
d. the model considers the ability of the commodity to bear a charge
Which of the following is correct regarding value of service pricing?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 1
a. the model is used to determine the lower the model is used to determine the lower limit of freight rateslimit of freight rates
b. the model considers the supply side of the the model considers the supply side of the transportation functiontransportation function
c. the value of the product is considered to the value of the product is considered to be irrelevant in the determination of the be irrelevant in the determination of the freight ratefreight rate
d. the model considers the ability of the commodity to bear a charge
Which of the following is correct regarding value of service pricing?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 2
a. damage bagsb. dunnage bagsc. PEB bagsd. Los Angeles specials
________ are inflatable and their purpose is to hold cargo securely in
place in order to reduce L & D claims:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 2
a. damage bagsdamage bagsb. dunnage bagsc. PEB bagsPEB bagsd. Los Angeles specialsLos Angeles specials
________ are inflatable and their purpose is to hold cargo securely in
place in order to reduce L & D claims:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 3
a. increasing or obtaining public support for further financing needs
b. managing the transition to increased privatization
c. addressing social consideration in the area of the environment
d. all of the above
One task performed by public relations staff at public transportation agencies
consist of:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 3
a. increasing or obtaining public support for further financing needs
b. managing the transition to increased managing the transition to increased privatizationprivatization
c. addressing social consideration in the addressing social consideration in the area of the environmentarea of the environment
d. allall of the above of the above
One task performed by public relations staff at public transportation agencies
consist of:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 4
a. fishybackb. birdybackc. piggybackd. camelbacke. hunchback
Which of the following terms refers to using a combination of air transport
and water to deliver goods?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Tie 2 - Question 4
a. fishybackb. birdybackbirdybackc. piggybackpiggybackd. camelbackcamelbacke. hunchbackhunchback
Which of the following terms refers to using a combination of air transport
and water to deliver goods?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
a. bondedb. financialc. fieldd. private
Which type of warehouse is used when a company wishes to store goods that
will be used as collateral?
Tie 2 - Question 5
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
a. bondedbondedb. financialfinancialc. fieldd. privateprivate
Which type of warehouse is used when a company wishes to store goods that
will be used as collateral?
Tie 2 - Question 5
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
FinalRound
15 Questions
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Rules and Procedures
• Teams competing in the Final Championship Round will start with 0 points
• The team with the highest points at the end of the Final Championship Round is declared the winner
• The winning team in Pittsburgh is asked to designate one student who will be the paid guest of the Pittsburgh Roundtable at the next Annual CLM Conference in New Orleans.
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
1st Five Questions:5 points
Response Time:10 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 1
a. is worth a lot of moneyb. is environmentally friendlyc. has no end dated. involves cross-border transactions
An “evergreen contract” refers to one that __________.
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 1
a. is worth a lot of moneyis worth a lot of moneyb. is environmentally friendlyis environmentally friendlyc. has no end dated. involves cross-border transactionsinvolves cross-border transactions
An “evergreen contract” refers to one that __________.
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 2Pittsburgh Office Supply (POS) stocks out of a certain item 20% of the time and has determined that 20% of these stock outs result in backorders, 30% result in lost sales, and 50% result in lost customers. POS has determined that backorder at $100. Its annual sales of this particular product is $10,000,000. What is the
expected cost of a stockout?
a. $2,000,000b. $1,300c. $580
d. $310e. $116
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 2Pittsburgh Office Supply (POS) stocks out of a certain item 20% of the time and has determined that 20% of these stock outs result in backorders, 30% result in lost sales, and 50% result in lost customers. POS has determined that backorder at $100. Its annual sales of this particular product is $10,000,000. What is the
expected cost of a stockout?
a. $2,000,000$2,000,000b. $1,300$1,300c. $580
d. $310$310e. $116$116
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 3
a. purchase economiesb. speculative investments in raw
materialsc. transportation economiesd. improvements in customer service
All are principal reasons for holding materials inventory, except:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 3
a. purchase economiespurchase economiesb. speculative investments in raw
materialsc. transportation economiestransportation economiesd. improvements in customer serviceimprovements in customer service
All are principal reasons for holding materials inventory, except:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 4Your road atlas falls on the floor and opens
to page14. The map indicates the intersection of Federal Interstates I-15 and I-94. The corner of the page which normally
indicates the state or providence associated with this map has been chewed off by your dieting roommate. If you were standing at
the intersection of these Federal Interstates, which region of the United States would you
be in?a. Northeasternb. Southeastern
c. Northwesternd. Southwestern
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 4Your road atlas falls on the floor and opens
to page14. The map indicates the intersection of Federal Interstates I-15 and I-94. The corner of the page which normally
indicates the state or providence associated with this map has been chewed off by your dieting roommate. If you were standing at
the intersection of these Federal Interstates, which region of the United States would you
be in?a. NortheasternNortheasternb. SoutheasternSoutheastern
c. Northwesternd. SouthwesternSouthwestern
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 5
a. the introduction of containers on US domestic ocean liners
b. regulatory reform in the railroad industry immediately after the World War
c. the ILWU’s (union) demands for increased pay and shorter work weeks
d. none of the above
The single greatest impetus toward the advancement of intermodalism was:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 5
a. the introduction of containers on US domestic ocean liners
b. regulatory reform in the railroad industry regulatory reform in the railroad industry immediately after the World Warimmediately after the World War
c. the ILWU’s (union) demands for the ILWU’s (union) demands for increased pay and shorter work weeksincreased pay and shorter work weeks
d. nonenone of the above of the above
The single greatest impetus toward the advancement of intermodalism was:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
2nd Five Questions:10 points
Response Time:15 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 6
a. suppliers replenish a retail distribution center with their product without the retailers placing an order
b. retailers handle their own inventory management
c. suppliers replenish a retail distribution center with their product when the retailers tells them to do so
d. vendors hold inventory and ship directly to each stores
Vendor-managed (VMI) is a concept where:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 6
a. suppliers replenish a retail distribution center with their product without the retailers placing an order
b. retailers handle their own inventory retailers handle their own inventory managementmanagement
c. suppliers replenish a retail distribution suppliers replenish a retail distribution center with their product when the retailers center with their product when the retailers tells them to do sotells them to do so
d. vendors hold inventory and ship directly to vendors hold inventory and ship directly to each storeseach stores
Vendor-managed (VMI) is a concept where:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 7
a. completed the deregulation of interstate trucking
b. completed the deregulation of interstate air freight
c. preempted that states from regulating intrastate trucking
d. preempted the states from regulating intrastate air freight
The Federal Aviation Authorization Act of 1994:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 7
a. completed the deregulation of completed the deregulation of interinterstate state truckingtrucking
b. completed the deregulation of completed the deregulation of interinterstate air state air freightfreight
c. preempted that states from regulating intrastate trucking
d. preempted the states from regulating preempted the states from regulating intraintrastate state air freightair freight
The Federal Aviation Authorization Act of 1994:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 8
We can compare the cost of shipping at a higher volume than the actual weight to realize a lower rate and
lower shipping cost of shipping at the actual weight by determining the weight break. The weight break
formula is?a. LV rate * WB = HV rate * MWb. WB * LV rate = MW * HV ratec. WB * HV rate = LV rate * MWd. HV rate * LV rate = WB * MW
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 8
We can compare the cost of shipping at a higher volume than the actual weight to realize a lower rate and
lower shipping cost of shipping at the actual weight by determining the weight break. The weight break
formula is?a. LV rate * WB = HV rate * MWLV rate * WB = HV rate * MWb. WB * LV rate = MW * HV ratec. WB * HV rate = LV rate * MWWB * HV rate = LV rate * MWd. HV rate * LV rate = WB * MWHV rate * LV rate = WB * MW
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 9
a. half the order quantityb. the square root of the order quantityc. the order quantity time the turnsd. the order quantity level
Average cycle stock inventory equals:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 9
a. half the order quantityb. the square root of the order quantitythe square root of the order quantityc. the order quantity time the turnsthe order quantity time the turnsd. the order quantity levelthe order quantity level
Average cycle stock inventory equals:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 10
a. to promote the U.S. flag merchant marineb. to avoid registering in nations with
stringent standardsc. to help the U.S. shipbuilding industryd. none of the above
Flags of convenience are used:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 10
a. to promote the U.S. flag merchant marineto promote the U.S. flag merchant marineb. to avoid registering in nations with
stringent standardsc. to help the U.S. shipbuilding industryto help the U.S. shipbuilding industryd. nonenone of the above of the above
Flags of convenience are used:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
3rd Five Questions:15 points
Response Time:20 seconds
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 11
a. above 5-10 percent, below 50 percentb. above 15-20 percent, below 50 percentc. above 50 percent, below 5-10 percentd. above 50 percent, below 15-20 percent
Which of the following is correct regarding the zone of reasonableness established for air carriers using the standard industry level as a basis?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 11
a. above 5-10 percent, below 50 percentb. above 15-20 percent, below 50 percentabove 15-20 percent, below 50 percentc. above 50 percent, below 5-10 percentabove 50 percent, below 5-10 percentd. above 50 percent, below 15-20 percentabove 50 percent, below 15-20 percent
Which of the following is correct regarding the zone of reasonableness established for air carriers using the standard industry level as a basis?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 12 Private warehouses are generally
advantageous when:1. demand does not fluctuate2. greater control is necessary3. throughput is low and sporadic4. investment capital is scarce5. promotional items need to be stored
a. (1) and (3)b. (1), (4), and (5)c. (1) and (2)d. (1), (2), and (4)e. (2) only
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 12 Private warehouses are generally
advantageous when:1. demand does not fluctuate2. greater control is necessary3. throughput is low and sporadic4. investment capital is scarce5. promotional items need to be stored
a. (1) and (3)(1) and (3)b. (1), (4), and (5)(1), (4), and (5)c. (1) and (2)(1) and (2)d. (1), (2), and (4)e. (2) only(2) only
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 13
a. inventory costsb. transportation costsc. shipper-related costsd. administrative costs
Which is the largest component of logistics cost in most industries?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 13
a. inventory costsinventory costsb. transportation costsc. shipper-related costsshipper-related costsd. administrative costsadministrative costs
Which is the largest component of logistics cost in most industries?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 14
a. pipelineb. water carriersc. motor carriersd. railroads
Which mode of freight transport accounts for the greatest percentage
of inter city ton-miles:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 14
a. pipelinepipelineb. water carrierswater carriersc. motor carriersmotor carriersd. railroads
Which mode of freight transport accounts for the greatest percentage
of inter city ton-miles:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 15
a. functional dimensionb. transportation dimensionc. sectorial dimensiond. geographic dimension
Which one of the following does not make up a global logistics system:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final Round - Question 15
a. functional dimensionfunctional dimensionb. transportation dimensionc. sectorial dimensionsectorial dimensiond. geographic dimensiongeographic dimension
Which one of the following does not make up a global logistics system:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
FinalRound
Tiebreaker(if required)
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 1
a. $50,000b. $45,000c. $90,000d. $22,500
A firm has average inventory of $300,000. It orders twice per year. The
cost of holding inventory is 15% per year. What is the annual inventory
carrying cost?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 1
a. $50,000$50,000b. $45,000c. $90,000$90,000d. $22,500$22,500
A firm has average inventory of $300,000. It orders twice per year. The
cost of holding inventory is 15% per year. What is the annual inventory
carrying cost?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 2
a. ubiquitous and pureb. weight losing and
ubiquitousc. pure and localized d. weight losing and puree. none of the above
Which one of the following is an impossible description of raw material?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 2
a. ubiquitous and pureubiquitous and pureb. weight losing and weight losing and
ubiquitousubiquitousc. pure and localizedpure and localized d. weight losing and puree. nonenone of the above of the above
Which one of the following is an impossible description of raw material?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 3
a. fixed plus variable costsb. an allowance established for fixed costsc. what the service is worth to the shipperd. fixed cost minus profits
When prices are set using the value of service pricing model, the lower limit
of price can be no lower than the variable cost to provide the service. What is the upper limit of the price?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 3
a. fixed plus variable costsfixed plus variable costsb. an allowance established for fixed costsan allowance established for fixed costsc. what the service is worth to the shipperd. fixed cost minus profitsfixed cost minus profits
When prices are set using the value of service pricing model, the lower limit
of price can be no lower than the variable cost to provide the service. What is the upper limit of the price?
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 4
a. late shipmentsb. shipments accepted by non-certified
carriersc. “cut-rate” contract carriersd. paying more for freight than the actual
shipment
“Phantom” freight refers to:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 4
a. late shipmentslate shipmentsb. shipments accepted by non-certified shipments accepted by non-certified
carrierscarriersc. ““cut-rate” contract carrierscut-rate” contract carriersd. paying more for freight than the actual
shipment
“Phantom” freight refers to:
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 5
a. both statements are trueb. the first statement is true, the second is falsec. the first statement is false, the second
statement is trued. both statements are false
Please read the following statements:Statement I• Most logistics budgets are static.Statement II• Most logistics costs are dynamic.
North Texas Roundtable - Logistics Challenge 2000COUNCIL OF LOGISTICS MANAGEMENT
Final / Tie - Question 5
a. both statements are trueb. the first statement is true, the second is falsethe first statement is true, the second is falsec. the first statement is false, the second the first statement is false, the second
statement is truestatement is trued. bothboth statements are statements are falsefalse
Please read the following statements:Statement I• Most logistics budgets are static.Statement II• Most logistics costs are dynamic.