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True or False?
(A) MRP system is designed for dealing with independent demand, because independent demand pattern tends to be predicatble, but lumpy.
(B) The use of small lot sizes in lean operations is in conflict with the EOQ approach since setup costs tend to be significantly higher than holding costs.
(C) The quantity sent to a bottleneck operation could be split into two or more process batches to better utilize a bottleneck resource rather than process the entire batch.
(D) When we say that SPT priority rule guarantees the minimum average flow time, we assume that job setup time is independent of processing sequence of jobs.
(E) If we have to process multiple jobs with different processing times on a single resource, we can reduce the makespan by selecting the optimal sequencing rule.
What are the three basic functions of a firm/organisation? Do all firms/organisations (private, government, not-for-profit) perform these three functions?
Geographic and demographic segmentation strategies are two of the most common strategies for segmenting markets. What would be included in each? What are the benefits of both types of segmentation strategies?
The Good Chocalate Company. Specifications for the 12-ounce bar are 330 grams to 350grams. What is the largest stnd dev, in grams, and still considered capable of ave fill of 340 grams?
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