In the Logistics-Systems Design Matrix, Volume, Cost and Speed of Delivery

question 39

Multiple Choice

In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, moderate or high) used to describe attributes of transportation modes. Rail is associated with

• A) moderate volume, moderate speed and high cost.
• B) moderate volume, high speed and high cost.
• C) high volume, moderate speed and low cost.
• D) low volume, high cost and low speed.
• E) high volume, high speed and high cost.

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Utilize system information and diagnostic tools to assess hardware configurations.

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Definitions:

Conceptual Estimate

A conceptual estimate is an early, approximate evaluation of project costs, based on general project parameters and experience, before detailed plans are made.

Line Estimate

An estimation technique that involves itemizing project costs line by line for detailed financial planning.

Milestone Schedule

A timeline that outlines significant events or achievements that are to be completed by specific dates within a project's lifecycle.

Marketplace

A platform or environment where buyers and sellers come together to exchange goods, services, or information.