For the Lot-Sizing Technique Known as Lot-For-Lot to Be Appropriate

question 98

Multiple Choice

For the lot-sizing technique known as lot-for-lot to be appropriate:

• A) future demand should be known for several weeks.
• B) setup cost should be relatively small.
• C) annual volume should be rather low.
• D) item unit cost should be relatively small.
• E) the independent demand rate should be very stable.

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Definitions:

CS

Conditioned Stimulus; in conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

UCS

Unconditioned Stimulus refers to a stimulus that naturally brings about a particular response without a prior learning process.

Conditioned Emotional

An emotional response that has been learned through conditioning, where a neutral stimulus becomes associated with an emotional event.

Fear Response

A physiological reaction to perceived threats that prepares the body for fight or flight.