ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Calculates the optimum ( most conducive to a favorable outcome or best ) lot size for a several periods of net requirements
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Static
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Periodic
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Optimum
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None of the above
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Explanation:
Detailed explanation-1: -Lot sizing (or batching) in material requirements planning (MRP) is the process of modifying the net requirement quantities before they are translated into planned order receipts and in turn planned orders releases in an MRP system.
Detailed explanation-2: -Lot sizing is to unify the calculated net requirements by a certain unit considering cost reduction and work efficiency. There are two main types of lot sizing: a method to unify in terms of the period and another method to unify in terms of the quantity.
There is 1 question to complete.