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 8.2, Problem 16P
Summary Introduction

Interpretation:Compare the various lot sizing methods for their positive and negative characteristics.

Concept Introduction:Determination of the lot size to be ordered for procurement or production is one of the key outputs of any MRP system. This utilizes various lot-sizing techniques each of which has unique characteristics. Every user, therefore, has to decide which technique to use for optimum results in his/her situation.

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