Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 8.1, Problem 7P
Summary Introduction

Interpretation:Compare the lot-for-lot scheduling technique with other available techniques for the same objective.

Concept Introduction:Lot-for-lot scheduling is one of the dynamic lot sizing techniques utilized in MRP for determining optimum order quantity which should be the same as the required quantity.This is utilized when it is required to determine lot quantities in each period and also maintaining a safety stock.

Other comparable techniques are also available.

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