A Company Is Considering Three Alternatives (Action) to Deal with This

question 16

Multiple Choice

A company is considering three alternatives (action) to deal with this extra work load as shown below (in $100,000) .Using the minimin approach, the company should ________________________ .

• A)outsource
• B)hire temporary staff
• C)use full time staff in overtime
• D)outsource if the file modifications are extremely difficult
• E)use full time staff in overtime if the file modifications are easy

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Definitions:

Logistics

The detailed coordination and implementation of complex operations involved in the movement, storage, and flow of goods from origin to destination.

Supply Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Trade-Off in Logistics

The balancing act between different logistical aspects, like cost versus speed, to achieve optimal outcomes.

Transportation

The movement of people or goods from one location to another through various modes like trucks, trains, ships, or airplanes.