A Scheduling System for Minimizing Inventory by Having Components Arrive

question 55

Multiple Choice

A scheduling system for minimizing inventory by having components arrive exactly at the moment they are needed and finished goods shipped as soon as they leave the assembly line best describes a ________ strategy.

• A) just-in-time
• B) frictionless
• C) bullwhip
• D) safety-stock
• E) push-pull

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Definitions:

Mean and Variance

Statistical measures where mean is the average of a set of numbers, and variance quantifies the spread of the numbers in the set.

Distribution

The way in which something is shared out among a group or spread over an area, especially referring to the statistical arrangement of values in a dataset.

Shape

In statistics, the geometric form of a distribution that describes how data is organized or spread out.

Distribution

The way in which values in a data set are spread or dispersed across a range.