Describe the Scope, Inputs, and Outputs of Sales and Operations

question 79

Essay

Describe the scope, inputs, and outputs of sales and operations planning, master scheduling, and MRP.

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Definitions:

Herbert Simon

An influential scholar in the realms of economics, psychology, and computer science, known for his work on decision-making and artificial intelligence.

Economic Person

A theoretical concept of a person who makes rational decisions by maximizing utility or profit based on limited resources.

Programmed Decision Making

A decision-making process that follows established procedures or rules, often used for routine and repetitive decisions.

Existing State

The current conditions or circumstances of a system, situation, or state of affairs.