The Focus of the Master Schedule in an MTO Production

question 7

Multiple Choice

The focus of the master schedule in an MTO production environment is ______.

• A)producing finished goods to meet inventory and customer service levels
• B)ensuring that capacity is available to begin production upon receipt of order
• C)ensuring that raw materials are readily available to begin production upon receipt of order
• D)continuously producing finished goods irrespective of inventory level

---

Definitions:

Observations

Individual data points or recorded measures from a study or experiment.

Independent Variables

Factors in a model or experiment that are deliberately altered to study their impacts on outcome variables.

Collinearity

A statistical phenomenon where two or more predictor variables in a multiple regression model are highly correlated, making it difficult to isolate the individual effects of each predictor.

Odds Ratio

The odds that y = 1 given that one of the independent variables increased by one unit (odds1) divided by the odds that y = 1 given no change in the values for the independent variables (odds0); that is, Odds ratio = odds1 / odds0.