OPSM QUIZ 6A QUESTIONS AND ANSWERS
A number of quantity-determination (lot-sizing) procedures have been developed for
determining order quantities in _____ systems, ranging from ordering as required (lot-
forlot), to simple decision rules, and finally to extensive optimizing procedures. -
Answers -MRP
Detailed schedules consist of two parts: _______________________ . - Answers -
scheduled receipts (open orders) and planned orders
Because MRP systems normally replan on a daily or weekly basis, timing affects the
assumptions commonly made in using MRP lot-sizing procedures. These assumptions
are as follows. - Answers -all
Because MRP systems normally replan on a daily or weekly basis, timing affects the
assumptions commonly made in using MRP lot-sizing procedures. These assumptions
are as follows. - Answers -all
Since component requirements are aggregated by time period for planning purposes, in
using MRP lot-sizing procedures, it is assumed that - Answers -all requirements for
each period must be available at the beginning of the period.
Since the system is operated on a periodic basis, in using MRP lot-sizing procedures, it
is assumed that - Answers -ordering decisions occur at regular time intervals
Because of its ______, people often use the economic order quantity (EOQ) formula as
a decision rule for placing orders in a requirements planning system. - Answers -
simplicity
The resulting total cost expression won't necessarily be valid for requirements planning
applications because : - Answers -EOQ is based on the assumption of constant uniform
demand.
Fixed EOQ lot sizes result in a mismatch between __________ and requirements
values. - Answers -order quantities
One way to reduce the high inventory carrying cost associated with fixed lot sizes is to
use the EOQ formula to compute an economic _____________ . - Answers -time
between orders (TBO)
Although the POQ procedure improves inventory cost performance by allowing lot sizes
to vary, like the EOQ procedure it too ignores much of the information in the
requirements schedule. - Answers -periodic order quantity (POQ)
A number of quantity-determination (lot-sizing) procedures have been developed for
determining order quantities in _____ systems, ranging from ordering as required (lot-
forlot), to simple decision rules, and finally to extensive optimizing procedures. -
Answers -MRP
Detailed schedules consist of two parts: _______________________ . - Answers -
scheduled receipts (open orders) and planned orders
Because MRP systems normally replan on a daily or weekly basis, timing affects the
assumptions commonly made in using MRP lot-sizing procedures. These assumptions
are as follows. - Answers -all
Because MRP systems normally replan on a daily or weekly basis, timing affects the
assumptions commonly made in using MRP lot-sizing procedures. These assumptions
are as follows. - Answers -all
Since component requirements are aggregated by time period for planning purposes, in
using MRP lot-sizing procedures, it is assumed that - Answers -all requirements for
each period must be available at the beginning of the period.
Since the system is operated on a periodic basis, in using MRP lot-sizing procedures, it
is assumed that - Answers -ordering decisions occur at regular time intervals
Because of its ______, people often use the economic order quantity (EOQ) formula as
a decision rule for placing orders in a requirements planning system. - Answers -
simplicity
The resulting total cost expression won't necessarily be valid for requirements planning
applications because : - Answers -EOQ is based on the assumption of constant uniform
demand.
Fixed EOQ lot sizes result in a mismatch between __________ and requirements
values. - Answers -order quantities
One way to reduce the high inventory carrying cost associated with fixed lot sizes is to
use the EOQ formula to compute an economic _____________ . - Answers -time
between orders (TBO)
Although the POQ procedure improves inventory cost performance by allowing lot sizes
to vary, like the EOQ procedure it too ignores much of the information in the
requirements schedule. - Answers -periodic order quantity (POQ)
