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Question 7.7. (TCOs 7 and 8) Which of the following is a dynamic lot-
sizing technique that adds ordering and inventory carrying cost for
each trial lot size and divides by the number of units in each lot size,
picking the lot size with the lowest unit cost?
(Points : 4)
Economic order quantity
Lot-for-lot
Least total cost
Least unit cost
Inventory item averaging
Question 8.8. (TCOs 4 and 8) Which of the following is a dynamic lot-
sizing technique that calculates the order quantity by comparing the
carrying cost and the setup (or ordering) costs for various lot sizes and
then selects the lot size in which these are most nearly equal? (Points :
4)
Kanban
Just-in-time system
MRP
Least unit cost
Least total cost
Question 9.9. (TCO 3) Which of the following is not an improvement-
driven reason to outsource? (Points : 4)
Improve risk management
Increase commitment in a noncore area
Shorten cycle time
Improve quality and productivity
Obtain expertise, skills, and technologies that are otherwise not
available