Effective use of MRP and other dependent demand models does NOT require which of the following? lead times inventory availability master production schedule cost of individual components bill of materials

For empirical pricing, demand models are required. They forecast how a company's price decisions will affect demand for its goods and services, and therefore sales and profitability.

Finally, the essay discusses how statistics may also be used to calculate such algorithms.

The correct answer is "D": cost of individual components.

Manufacturing Resource Preparation (MRP) is a remedy to a fundamental manufacturing problem: managing and directing the flow of imported goods so that they are accessible when needed without excess in the stockpile.

For this approach to work, each product structure must calculate the components, materials, and amounts required for each of them. A document called a Bill of Contents provides all of this material (BOM).

The specific prices of elements will not be included in BOM.

To know more about the components of materials, refer to the link below:

link

The correct answer is letter "D": cost of individual components.

Explanation:

Material Requirement Planning (MRP) is a solution for a common production problem: controlling and coordinating the flow of the necessary materials so they will be available whenever necessary without having a surplus in inventory.  

For this technique to be implemented it is necessary each product structure calculating the components, materials, and quantities needed for all of them. All that information is comprised in a document called Bill of Materials (BOM).

The BOM does not include the individual costs of components.

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