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Which of the following best describes the concept of tradeoffs in logistics?
Which of the following best describes the concept of tradeoffs in logistics?
- C. Tradeoffs in logistics refer to the risk mitigation tool used by logistics professionals.
- B. Tradeoffs in logistics refer to the ability of logistics professionals to predict the impact of decisions on other areas within and outside of logistics.
- D. Tradeoffs in logistics refer to finding innovative solutions to problems.
- A. Tradeoffs in logistics refer to the interrelatedness of various logistics activities. (correct)
Suboptimization can be defined as:
Suboptimization can be defined as:
- D. A solution to a problem that is best from a logistics point of view.
- C. A solution to a problem that is best from a narrow point of view.
- A. A solution to a problem that is best from a narrow point of view but not from a higher or overall company point of view. (correct)
- B. A solution to a problem that is best from an overall company point of view.
How can understanding tradeoffs be seen as a risk mitigation tool?
How can understanding tradeoffs be seen as a risk mitigation tool?
- D. By minimizing the department's operating expenses.
- C. By allowing logistics professionals to predict the impact of decisions on other areas within and outside of logistics.
- B. By preventing logistics professionals from falling into the trap of suboptimization. (correct)
- A. By helping logistics professionals find innovative solutions to problems.
What is the potential consequence of suboptimization in logistics?
What is the potential consequence of suboptimization in logistics?
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How can understanding tradeoffs help logistics professionals find innovative solutions to problems?
How can understanding tradeoffs help logistics professionals find innovative solutions to problems?
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