In Manufacturing Scheduling, Physical Inventories of Goods Can Buffer Variations

question 26

True/False

In manufacturing scheduling, physical inventories of goods can buffer variations in demand, but service scheduling normally lacks that buffer because services are generally consumed at the same time they are delivered.

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Definitions:

Marginal Benefit

The added value or enjoyment derived from the consumption of an extra unit of a good or service.

Rational Decisionmaker

An individual who makes choices that maximize their benefits while minimizing costs, based on available information and rational assessment.

Fuel-efficient Cars

Vehicles designed to use less fuel for traveling the same distance compared to standard vehicles, reducing operating costs and environmental impact.

Tax

A mandatory financial charge or other type of levy imposed by a government on individuals or businesses to fund public expenditures and services.