Examlex
Suppose that when several students raise their hands in class,the professor calls on one at random.Thus,the more often you raise your hand,the more your chance of being called,but you can never be sure when that will be.Which schedule of reinforcement is this?
Lot-For-Lot Ordering
A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.
MRP Plan
Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.
Gross Requirements
The total demand for an item, inclusive of direct and indirect requirements, before any adjustments for on-hand inventory or scheduled receipts.
Lot-For-Lot
A production strategy where the quantity to be produced is based on the exact demand, avoiding excess production.
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