In Material Requirements Planning, the Process of Placing the Exploded

question 26

Multiple Choice

In material requirements planning, the process of placing the exploded requirements in the proper time periods, based on the assembly lead times involved, is known as:

• A) scheduling
• B) offsetting
• C) netting
• D) all of the above
• E) none of the above

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Definitions:

Great Depression

A severe global economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment and the collapse of financial institutions.

Present Consumption

The act of using goods and services to satisfy current needs and desires rather than saving for future use.

Self-Control Problems

Refers to the difficulty people have in sticking with earlier plans and avoiding suboptimal decisions when finally confronted with a particular decision-making situation. A manifestation of time inconsistency and potentially avoidable by using precommitments.

Time Inconsistency

The human tendency to systematically misjudge at the present time what will actually end up being desired at a future time.