A chase demand aggregate planning strategy will have the following costs: No inventory costs, low variable labor costs, high employee turnover costs High subcontracting costs during rising demand periods High inventory costs to meet rising demand Lowest overall cost plan Which of the following is true of a master production schedule (MPS)? It projects the requirements for the individual parts based on the demand for the finished goods. Its input is obtained from the materials requirements planning. Its primary output is a time-phased report for scheduling raw materials purchase. It provides a means for evaluating alternative schedules in terms of capacity requirements. Which lot sizing technique results in the least inventory carrying costs? FOQ-fixed order quantity POQ-periodic order quantity O LFL-lot-for-lot BGT-best guess today Which sequencing rule do most students use when doing their homework? LWR-least work remaining FCFSfirst come, first serve EDD-earliest due date SPT-shortest processing time In a two-resource sequencing problem (Johnson's Rule), a job can be processed by either of its resources in any sequence flow time is maximized the goal is to minimize makespan, i.e., complete all work through both resources in the shortest amount of time the processing time for each job on each resource is unknown