1. International Operations Management
MGMT 6367
Review for Final Exam
Instructor: 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 slides
Lecture slides on Transportation Fundamentals, Transportation Decisions, Distribution channel, Facility Network, Global Product Launch, Risk Mgt, and Information Systems.
Assignments 3 and 4
Sample exam questions
Reading 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 modes
What are the 4 characteristics of transportation options
Special services that may be offered by carriers
Calculation: 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 service
Realistic restrictions to be considered in vehicle routing and scheduling
Continuous-review model Vs. Periodic-review model
Calculations: You should know how to
Calculate 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 channel
Benefits and costs of using a channel member
Characteristics of short and long distribution channels
Conventional systems Vs. Vertical Marketing System
Differences between a Conventional system and a VMS
Reasons for participating a Conventional system
What 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/Scope
What are the three options in the orientation of facility networks
Advantages and disadvantages of each option
Calculations:
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 Management
Reasons for new product failures
5 Questions to answer in product launch
Major considerations in product launch

9. What you should know – Week 14
Week 14 (Risk Management)
Definition of nominal/real exchange rate
Currency depreciation/appreciation
Definitions of 3 types of exposure to exchange rate fluctuations
Descriptions of 3 types of foreign exchange markets
Forward contracts Vs. Futures contracts
Calculations: You should know how to
Convert direct quote of nominal exchange rate to indirect quote
Compute the percentage change in the nominal/real exchange rate using inflation rates
Compute 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 Information
4 main groups of information systems used in Logistics and SCM
What is ERP
What is EDI and how EDI communication operates
RFID 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.