ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Groups net requirements together from multiple periods
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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: -Periodic Lot Size: this is when the lot size is set by period rather than by quantity. So if the demand averages 100 per month, and the Periodic Lot Size is selected, and then a month is used, then this translates into a lot size of 100 (roughly speaking)
Detailed explanation-2: -The Part Period Balancing heuristic (PPB) is to select the number of periods covered by the replenishment order such that the total holding costs are made as close as possible to the setup cost.
There is 1 question to complete.