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Planned Order Releases - MRP System
In an MRP system, if gross requirements exceed the quantity on hand and on order, a net requirement results. Planned orders are created to equal or exceed the net requirements in order to create a balance between supply and demand.
Period
Each period refers to a future time. The time period, or time slot, may be a day, a week or a month. Another name for these time slots is time bucket. The size of the bucket will be discussed later.
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yt =a+fyt-1 +ut, ut =et +?et-1, where et is independent white noise assume the process is stationary. Will OLS generally provide you with consis- tent point estimates of f? Can y
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Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:
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Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s
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