Heuristics Are Problem-Solving Strategies Which

question 111

Multiple Choice

Heuristics are problem-solving strategies which

• A) use a trial and error approach.
• B) use random search strategies.
• C) guarantee success in solving a problem.
• D) reduce the number of alternatives.

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Definitions:

Airfreight

Transport of goods by aircraft, a fast but generally more expensive method of shipping goods over long distances.

JIT

Just-In-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules to minimize inventory costs.

Supply-Chain Strategy

A plan for managing all aspects of a product's supply chain, from raw materials to distribution, to maximize efficiency, reduce costs, and enhance competitiveness.