In a Kanban System, the Numerator of the Formula K $\alpha$

question 11

Multiple Choice

In a Kanban system, the numerator of the formula K =[d(p + w) (1 + $\alpha$ ) ]/C is analogous to

• A)demand during the lead time only in a fixed quantity inventory system.
• B)safety stock only in a fixed period inventory system.
• C)the order up-to-level (M) in a fixed period inventory system.
• D)the reorder point (r) in a fixed quantity inventory system.

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Definitions:

Short-Term Personal Gain

Immediate benefits or advantages secured by an individual, often disregarding long-term consequences or ethical considerations.

Long-Term Good

The benefits or positive outcomes that are realized over an extended period.

Social Decision Schemes

Frameworks or rules that groups of individuals use to aggregate their preferences, views, or votes to reach a collective decision.

Unanimity

Complete agreement among all members or participants in a given situation or decision-making process.