Question: Exercise: True or False, if false explain why. The Master Production Schedule is developed by senior management. Maintenance costs: includes materials handling, deterioration and storage.

Exercise: True or False, if false explain why.

  1. The Master Production Schedule is developed by senior management.
  2. Maintenance costs: includes materials handling, deterioration and storage.
  3. Lead time is the manufacturing time of a product.
  4. In the Economic Order Quantity (EOQ) Model all costs are constant.
  5. The amount of reorder point (ROP) is the one consumed during the lead time.

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