Explain benefits of responding to new information

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Reference no: EM1351464

1) All of the following lot-sizing methods attempt to balance ordering (or setup) and holding costs, except

economic order quantity.

economic run size.

lot-for-lot.

part period.

All of the above

2) Which of the following represents an attempt to balance the benefits of stability against the benefits of responding to new information?

Safety time

Bills of material

Time fences

Fixed-period lot sizing

Safety stock

3) When MRP-II systems include feedback, they are known as

MRP III.

enterprise resource planning.

circular MRP.

feasible MRP.

closed-loop MRP.

4) Logistics include all of the following, except

incoming shipments of goods or materials.

outgoing shipments of goods or materials.

the movement of materials within a production facility.

customer selection.

returned goods processing.

Reference no: EM1351464

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