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Master Production Schedule
A plan for individual commodities to be produced in each time period, serving as a link between production planning and manufacturing.
Lot-For-Lot
A lot-sizing technique that generates exactly what is required to meet the plan.
Set Up Cost
Expenses associated with preparing equipment or facilities for a task, such as a production run or a new process.
Holding Cost
The expenses associated with storing inventory, including warehousing, insurance, depreciation, and opportunity costs.
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