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1. Globalization offers companies opportunities to simultaneously grow revenues and decrease costs.

2. Offshoring to low-cost countries is likely to be most attractive for products with:

3. Discounted cash flow analysis evaluates the present value of any stream of future cash flows and allows managers to compare different cash flow streams in terms of their financial value.

4. A decision tree is a graphic device that can be used to evaluate decisions under uncertainty.

5. Deseasonalized demand is demand that would have been observed in the absence of seasonal fluctuations.

6. Adaptive forecasting.?

7. Moving average is used when demand has no observable trend or seasonality.

8. Simple exponential smoothing is used when demand has no observable trend or seasonality.

9. Trend-corrected exponential smoothing (Holt’s model) is appropriate when the demand is assumed to have a level and trend in the systematic component of demand but no seasonality.

10. Trend-and seasonality-corrected exponential smoothing (winter’s model) is appropriate when the systematic component of demand is assumed to have a level, trend, and seasonal factor.

11. Chase strategy: production rate is synchronized with demand by varying machine capacity or hiring and laying off workers as the demand rate varies.

12. Time flexibility strategy can be used if there is excess machine capacity.

13. Level strategy maintains stable machine capacity and workforce levels with a constant output rate.

14. Backlog?

15. Predictable variability is change in demand that can be forecasted.

16. Forward buying

17. Tailored aggregation (ordering selected subsets) is effective if product specific fixed cost is a large traction of joint fixed cost.

18. All-unit quantity discounts

19. Two-part tariffs and volume discounts

20. Short-term discounting: trade promotions are price discounts for a limited period of time.

21. Stock-out is a customer order arrives when...