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NEW QUESTION: 1
and uncouples the sales forecast from manufacturing by establishing a manufacturing plan
A. MRP and production plan
B. MRP and MRP II
C. Production plan, MPS
D. MPS and chase strategy
Answer: C

NEW QUESTION: 2




Answer:
Explanation:

NEW QUESTION: 3
A company in the process of analyzing inventory safety stock levels is having difficulty because demand vanes widely from one week to the next. However, it has been discovered that demand occurs according to a probability distribution. Which of the following is a stochastic model that the company could use in this situation?
A. Critical path network analysis.
B. Linear programming.
C. Markov process.
D. Regression analysis.
Answer: C
Explanation:
A stochastic model is probabilistic. Markov processes quantify the likelihood of a future event based on the current state of the process.