[Answer] WOTF is NOT a type of inventory?

Answer: MRP

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WOTF is NOT a type of inventory? A statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as. WOTF statements is NOT generally an implication stemming from an increase in the number of facilities? Decreased total logistics cost T/F- Finding the optimal number of facilities represents a critical and static decision. Inventory control models assume that demand for an item is. a) always dependent not he demand for other items. b) either independent of or dependent on the demand for other items. c) identical to the demand for other items. d) always independent on the demand for other items. WOTF is Not a type of inventory a ) raw material b ) finished goods c ) work in process d) MRP A statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as a probabilistic model What is a system for ordering items that have little or no value at the end of a sales period? single-period inventory model 13. For seasonal products the service level should be set to equal shortage cost/ (overage cost + shortage cost) 14. A system that triggers ordering on a uniform time basis is called a fixed-pe...

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