Chapter 10, answer Discussion Question 3

Question

Discussion #1

From the end of Chapter 10, answer Discussion Question 3: In general, under what conditions might a firm favor a level production plan over a chase plan?  A chase production plan over a level plan?  

Discussion #2

From the end of Chapter 11, answer Discussion Question 6: The just-in-time (JIT) movement has long argued that firms should

a. Maximize their process flexibility so that ordering costs are minimal;

b. Stabilize demand levels;

c. Shrink lead times as much as possible; and

d. Assign much higher holding costs to inventory than has traditionally been the case.