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Pure Level Strategy
A production strategy where the output rates are kept constant and inventory is used to absorb fluctuations in demand.
Aggregate Planning
The process of creating a production plan to meet demand over a medium-term horizon by adjusting production rates, workforce levels, and inventory levels.
Average Demand
Refers to the average quantity of a product or service that consumers purchase over a specific time period.
Peak Demand
The highest level of demand for a product or service in a particular period, often requiring careful planning and resource allocation to meet.
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