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.