Which of the Following Is a Dynamic Lot-Sizing Technique That

question 38

Multiple Choice

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal?

• A) Economic order quantity
• B) Lot-for-lot
• C) Least total cost
• D) Least unit cost
• E) ABC analysis

---

Definitions:

Decision-making Process

The series of steps or stages involved in selecting the best action among various alternatives to solve a problem or achieve an objective.

Contingency Plan

A predefined strategy or set of procedures to be implemented in response to possible future events or circumstances.

Courses of Action

Various strategies or directions one might take to achieve a goal or solve a problem.

Problem

A situation, question, or issue that presents difficulty, uncertainty, or challenge, requiring resolution or solution.