Presentation on theme: "International Operations Management"— Presentation transcript:
1 International Operations Management MGMT 6367Review for Final ExamInstructor: Yan Qin
2 Final Exam – In class, Dec 10 Only Multiple-choice questions will be given on the exam.There will be 25 multiple-choice questions on the exam. Each is worth 4 points.No case-related will be asked on the exam.The final exam will be written primarily based on the lecture slides.Anything that is in the reading material but not covered in the lecture slides will NOT be tested.Any topic that is not mentioned in the Review slides will NOT be tested.
3 Study Guide for Final Exam Recommended study materials:Review slidesLecture slides on Transportation Fundamentals, Transportation Decisions, Distribution channel, Facility Network, Global Product Launch, Risk Mgt, and Information Systems.Assignments 3 and 4Sample exam questionsReading materials if you need more details on concepts and methods covered in the lecture slides.
4 What you should know – Week 9 Week 9 (Transportation Fundamentals)What are the 5 basic transport modesWhat are the 4 characteristics of transportation optionsSpecial services that may be offered by carriersCalculation: You should know how to compute the savings in transportation cost by using transit privileges. Please pay attention to the transit privilege example given on the slides.
5 What you should know – Week 10 Week 10 (Transportation Decisions)Key cost trade-off in selecting transport serviceRealistic restrictions to be considered in vehicle routing and schedulingContinuous-review model Vs. Periodic-review modelCalculations: You should know how toCalculate the optimal order quantity and optimal reorder point under a continuous-review model.Compute the total costs/profits under each available transport mode when patronage exists;Solve for the shortest path in a single-origin and single- destination network using Dijkstra’s algorithm.
6 What you should know – Week 11 Week 11 (Distribution Network)What is a distribution channelBenefits and costs of using a channel memberCharacteristics of short and long distribution channelsConventional systems Vs. Vertical Marketing SystemDifferences between a Conventional system and a VMSReasons for participating a Conventional systemWhat are Corporate, Contractual, and Administered VMSs
7 What you should know – Week 12 Week 12 (Facility Network Planning)Definitions of Modularization, Postponement, and Economies of Scale/ScopeWhat are the three options in the orientation of facility networksAdvantages and disadvantages of each optionCalculations:You should know how to find the best location available using the Factor Rating method;You should know how to locate the Centroid using the Centroid method.
8 What you should know – Week 13 Week 13 (Global Product Launch)Activities in Product ManagementReasons for new product failures5 Questions to answer in product launchMajor considerations in product launch
9 What you should know – Week 14 Week 14 (Risk Management)Definition of nominal/real exchange rateCurrency depreciation/appreciationDefinitions of 3 types of exposure to exchange rate fluctuationsDescriptions of 3 types of foreign exchange marketsForward contracts Vs. Futures contractsCalculations: You should know how toConvert direct quote of nominal exchange rate to indirect quoteCompute the percentage change in the nominal/real exchange rate using inflation ratesCompute the US dollar equivalent of an amount dominated in some foreign currency given the corresponding exchange rate;Compute the forward/futures rate using the spot rate and the estimated discount/premium.
10 What you should know – Week 15 Week 15 (Information Systems)5 quality measures of Information4 main groups of information systems used in Logistics and SCMWhat is ERPWhat is EDI and how EDI communication operatesRFID Vs. Bar Code
11 Good luck on the exam!Just let me know if you have any questions about the exam or the individual project.Note that the individual project is due at 11:59 pm Dec 12 CDT.