1. In an exponential smoothing forecasting model, if α is low then there is little reaction to the differences (Dt – Ft).
True
False
2. The planning system for MRP uses final products in future as inputs and specifies raw materials needed
True
False
3. Which of the following are potential options for changing the capacity of your production when using Chase Strategy?
a. Produce everything in house and use varying workforce level
b. Produce everything in house and use overtime to meet higher demand
c. Produce everything in house and allow stock outs when demand is higher than capacity
d. Only a & b
e. All a, b & c