Exercise 3.3 - Material requirements planning (MRP) is a system for calculating the materials and components needed to manufacture a product. 1. Give the benefits of MRP. 2. For the example given in the following figure, define each level of the product structure for Pl. 3. Calculate the corresponding number of subassemblies and components required to produce 50 units of P1 in the week 8 using the following master scheduling. Exercise 3.1 Complete the following table. Exercise 3.2 - Lot Sizing Rules are used to change the frequency of replenishment orders (balance holding \& ordering costs to order). The most known common rules: are Fixed Order Quantity (FOQ), Economic Order Quantity (EOQ), Periodic Order Quantity (POQ) and Lotfor-Lot (L4L). Define these 4 rules and give the specificity of each one