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8. Which best defines the gross requirements for a component items a) The forecast customer demand for the component. b) The amount of safety stock needed to buffer against uncertainty. c) The sum of gross requirements for all parents of the components. d) The total demand for the components derived from all immediate parents. 9. Which of the following statements about lot-sizing rules is true? a) The periodic order quantity (POQ) rule seeks to create inventory remnants. bl If the POO rule is used an item's lot size can very each time an order is placed

8. Which best defines the gross requirements for a component items a) The forecast customer demand for the component. b) The amount of safety stock needed to buffer against uncertainty. c) The sum of gross requirements for all parents of the components. d) The total demand for the components derived from all immediate parents. 9. Which of the following statements about lot-sizing rules is true? a) The periodic order quantity (POQ) rule seeks to create inventory remnants. bl If the POO rule is used an item's lot size can very each time an order is placed

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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8. Which best defines the gross requirements for a component items a) The forecast customer demand for the component. b) The amount of safety stock needed to buffer against uncertainty. c) The sum of gross requirements for all parents of the components. d) The total demand for the components derived from all immediate parents. 9. Which of the following statements about lot-sizing rules is true? a) The periodic order quantity (POQ) rule seeks to create inventory remnants. b) If the POQ rule is used, an item's lot size can very each time an order is placed. c) The lot for lot (L4L) rule is a special case of the fixed order quantity (FOQ) rule. d) Static lot sizing rules seek to reduce inventory levels. 10. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount tominimize the amount of average inventory? a) Periodic order quantity (POQ), WITH P=2 b) Fixed order quantity (FOQ) c) Economic order quantity (EOQ) d) Lot for Lot (L4L). 11. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory, since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In general, static lot sizing rules introduce greater instability into the production process. 12. Which one of the following is the most likely example of dependent demand for an MRPcontrolled item? a) Demand for spare parts. b) Demand directly from customers. c) Demand from quality control department for destructive testing. d) Demand from MPS. 13. The underlying logic for level-by-level processing in an MRP system is: a) Each item in a bill of materials must be processed from the bottom up. b) Items without safety stock quantities must be processed before items that have safetystocks greater than zero. a) Items must be processed in order of increasing lead time. b) All parents of an item must be processed before that item is processed.
Transcribed Image Text:8. Which best defines the gross requirements for a component items a) The forecast customer demand for the component. b) The amount of safety stock needed to buffer against uncertainty. c) The sum of gross requirements for all parents of the components. d) The total demand for the components derived from all immediate parents. 9. Which of the following statements about lot-sizing rules is true? a) The periodic order quantity (POQ) rule seeks to create inventory remnants. b) If the POQ rule is used, an item's lot size can very each time an order is placed. c) The lot for lot (L4L) rule is a special case of the fixed order quantity (FOQ) rule. d) Static lot sizing rules seek to reduce inventory levels. 10. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount tominimize the amount of average inventory? a) Periodic order quantity (POQ), WITH P=2 b) Fixed order quantity (FOQ) c) Economic order quantity (EOQ) d) Lot for Lot (L4L). 11. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory, since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In general, static lot sizing rules introduce greater instability into the production process. 12. Which one of the following is the most likely example of dependent demand for an MRPcontrolled item? a) Demand for spare parts. b) Demand directly from customers. c) Demand from quality control department for destructive testing. d) Demand from MPS. 13. The underlying logic for level-by-level processing in an MRP system is: a) Each item in a bill of materials must be processed from the bottom up. b) Items without safety stock quantities must be processed before items that have safetystocks greater than zero. a) Items must be processed in order of increasing lead time. b) All parents of an item must be processed before that item is processed.
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