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You Have Seen Several Methods for Lot Sizing in MRP

question 95

Essay

You have seen several methods for lot sizing in MRP. Why is lot sizing important in MRP?
Can too much concern be given lot sizing?
Answer in a well-developed paragraph.

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Definitions:

Double Declining-Balance Depreciation

An accelerated depreciation method that double the rate of straight-line depreciation, decreasing the value of assets more quickly.

Accumulated Depreciation Balance

The total amount of depreciation that has been recorded against a fixed asset up to a specific point in time, reflecting the decline in the asset's value.

December 31

December 31 is traditionally the final day of the Gregorian calendar year, and it is often the fiscal year-end for organizations operating on a calendar year basis.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal and consistent manner.

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