Three lot sizing methods are:

Lot-for-Lot (LFL)

Fixed Order Quantity (FOQ)

Periodic Order Quantity (POQ)

Indicate which method applies to the statement shown:

	Best method when inventory carrying costs are high and setup/order costs are low
	An ordering schedule that covers the gross requirements for each week
	The method that uses a fixed order size for every order or production run
	Best method when inventory carrying costs are low and setup/order costs are high
	Best method when inventory carrying costs and setup/order costs are moderate
	The method orders a quantity equal to the gross requirement quantity in one or more predetermined time periods minus the projected on-hand quantity of the previous time period