Explain the three lot sizing methods, and under what circumstances each works best:
a.Lot-for-lot (LFL)
b.Fixed-order quantity (FOQ)
c.Periodic-order quantity (POQ)

Question

Quizplus · Accepted Answer

The Answer of Explain the three lot sizing methods, and under what circumstances each works best:
a.Lot-for-lot (LFL)
b.Fixed-order quantity (FOQ)
c.Periodic-order quantity (POQ)

Explain the Three Lot Sizing Methods, and Under What Circumstances