The step for preparing MPS is/are:
Answer(s): D
Which of the following criteria is used to judge MPS?
Suppose company manufactures paint from a base color and adds tints to arrive at the final color. Suppose there are 10 tints and a final color is made by mixing any three of them with the base. There are 70 possible colors (10*9*8=720). Forecasting and planning production for 720 items is a difficult task. It is much easier if:
Answer(s): A,B
The planning horizon is the time span for which plans are made. It must cover a period at least equal to the time required to accomplish the plan. For Mater production scheduling, the minimum planning horizon is:
Answer(s): A
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