1. Which of the following quantities has no effect on the first period’s ATP calculation? a) Current on-hand Inventory b) Booked customer orders for the first periods c) MPS quantity for the first period d) Forecasted demand for the first period 2. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount to minimize the amount of average inventory? a) Periodic order quantity (POQ), WITH P=2 b)Fixed order quantity (FOQ) c) Economic order quantity (EOQ) d)Lot for Lot (L4L). 3. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In general, static lot-sizing rules introduce greater instability into the production process.
1. Which of the following quantities has no effect on the first period’s ATP calculation?
a) Current on-hand Inventory
b) Booked customer orders for the first periods
c) MPS quantity for the first period
d)
2. Which one of the following is an MRP lot-sizing rule that attempts to minimize the amount to minimize the amount of average inventory?
a) Periodic order quantity (POQ), WITH P=2
b)Fixed order quantity (FOQ)
c) Economic order quantity (EOQ)
d)Lot for Lot (L4L).
3. Which of the following statements about lot-sizing rules for MRP is true?
a) The periodic order quantity (POQ) rule generates a higher level of average inventory since it creates inventory remnants.
b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity.
c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed.
d) In general, static lot-sizing rules introduce greater instability into the production process.
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