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Lot-sizing techniques include: a. Lot-for-lot b. Economic order quantity c. Least total cost d. Least unit cost e. A and B f. A B and C […]

Counting items to ensure an order is correct is anexample of: a. Setup cost b. ordering cost c. carrying cost d. stockout cost e. holding cost

The objectives of work-center schedulinginclude(s): a. To meet duedates b. To minimize lead times c. Tominimize finish goods inventory d. A andBe. B and C f. […]

In the basic fixed-order quantity model if annualdemand doubles the effect on the Optimal Order Quantity (EOQ)is: a. it doubles b. it is half its previous […]

The basic difference between P and Q systemsis:a. Q models are eventtriggered while P models are timetriggeredb. Q modelsare time triggered while P models are event […]

The basic difference between P and Q systemsis: a. Q models are event triggeredwhile P models are time triggered b. Q models are time triggered while […]

Which of the following is not an assumption of the basiceconomic-order quantity model? A. ordering or setup costs areconstant B. quantity discounts are available C. annual […]

Independent demand is: a. inventory whose demand comes from independentsuppliers b. inventory that is independent of any knownrules of demand and supply c. demand that is […]

The commonly used simple aggregate planning techniquesare: a. Cut-and-try charting b. Graphic method c. Linear programming and the transportationmodel d. A andB e. A B andC