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Home Data Review View Insert Draw Formulas ? ? U abe ! Calibri (Body) 11 A ABC 123 fx A B ? D E F G H 1. 1 2 3 List the most important elements of supply chain management. 6 pts. 2. 6 Explain how the application of linear programming models may improve managerial decisions. • What is sensitivity analysis? • Why is it important to generate a sensitivity report? • Explain briefly what “allowable increase” and “allowable decrease” figures measure in a) the upper and b) the lower table of the sensitivity report. 12 pts. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 3. Explain the difference between stationary and non-stationary time series. • Why is it important to distinguish between the two? Explain. • How do firms choose a forecasting technique? Explain. 12 pts. 4. • How are productivity measures used? • Why is productivity important?