The Inventory/open Order Netting Concept Is Used to Determine the

question 17

Multiple Choice

The inventory/open order netting concept is used to determine the

• A) Planned order releases
• B) Time phasing
• C) Bill of material
• D) MPS
• E) "On hand" balances

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Definitions:

Anchoring and Adjustment

A cognitive bias where individuals rely too heavily on an initial piece of information (the "anchor") when making decisions, with adjustments made too conservatively.

Representativeness

A cognitive heuristic where an individual judges the probability or frequency of an event by how much the event resembles the typical case.

Availability

The state of being able to be used or obtained; accessibility.

External Locus

A belief that outcomes of events are determined by external forces or fate, rather than one's own actions.