Examlex
A Chi-square statistic can never be less than zero.
Capacity
The maximum amount that something can contain or accomplish, such as production capability within a given period.
Aggregate Plan
A production planning method that aims to establish overall output levels and inventory policies over a medium-term horizon to meet forecasted demand.
Master Production Schedule
A detailed plan that outlines when and how much of each product needs to be produced over a certain period to meet forecasted sales demand.
Aggregate Plan
A plan that translates annual business and marketing plans into a production plan to ensure inventory and resources are available to meet customer demand.
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