The Fixed-Order-Interval Model Would Be Most Likely to Be Used

question 73

Multiple Choice

The fixed-order-interval model would be most likely to be used for this situation

• A)A company has switched from mass production to lean production.
• B)Production is done in batches.
• C)Spare parts are ordered when a new machine is purchased.
• D)Grouping orders can save shipping costs.
• E)Demand is highly variable

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Definitions:

Brain Drain

The phenomenon where individuals with technical skills or knowledge leave their country or area to pursue better opportunities elsewhere.

Efficiency Gains

Improvements that increase the quality, speed, or productivity with which organizations can produce goods or services, often resulting in cost savings.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible.

Net Efficiency

A measure of the effectiveness of an operation, typically calculated as the ratio of useful output to total input, factoring in losses and waste.