2. (TCO 7) 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
3. (TCO 5) 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
4. (TCO 9) When MRP-II systems include feedback, they are known as
MRP III.
enterprise resource planning.
circular MRP.
feasible MRP.
closed-loop MRP.
5. (TCO 7) 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.