You Have Seen Several Methods for Lot Sizing in MRP

question 95

Essay

You have seen several methods for lot sizing in MRP. Why is lot sizing important in MRP?
Can too much concern be given lot sizing?
Answer in a well-developed paragraph.

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Definitions:

Imprisonment for Debt

The practice, now largely abolished, of jailing individuals who are unable to repay their debts.

Subsistence Farming

A type of agriculture where farmers focus on growing enough food to feed themselves and their families, with little or no surplus for trade.

Supplying Water

The process, infrastructure, and management involved in providing clean and safe water for drinking, agriculture, and other essential uses to communities.