For the Lot-Sizing Technique Known as Lot-For-Lot to Be Appropriate

question 98

Multiple Choice

For the lot-sizing technique known as lot-for-lot to be appropriate:

• A) future demand should be known for several weeks.
• B) setup cost should be relatively small.
• C) annual volume should be rather low.
• D) item unit cost should be relatively small.
• E) the independent demand rate should be very stable.

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Definitions:

Punishment

A consequence imposed for breaking a rule or law, intended to discourage the behavior.

Operant Responding

A technique of teaching that involves giving rewards for good behavior and punishments for bad behavior.

Negative Punishment

Removing a desirable stimulus to decrease the likelihood of a behavior being repeated.

Positive Punishment

In operant conditioning, a method that involves adding an unfavorable outcome or event following an undesired behavior, intended to decrease the likelihood of the behavior recurring.