1. Which of the following is (are) true? I. Increasing redundancy increases reliability. II. Increasing redundancy increases utilization. III. Increasing complexity without increasing redundancy increases reliability.
a) I only.
b) II only.
c) III only.
d) I and II.
e) II and III.
2. Choosing a quantity to meet a single period of uncertain demand, after which any unused amount will be less valuable, is referred to as _____.
a. the newsvendor problem
b. redundancy
c. yield management
d. overbooking