Answer (B) is correct . Materials requirements planning (MRP) is a system that translates a production schedule into requirements for each component needed to meet the schedule. It is usually implemented in the form of a computer-based information system designed to plan and control raw materials used in production. It assumes that forecasted demand is reasonably accurate and that suppliers can deliver based upon this accurate schedule. MRP is a centralized push-through system; output based on forecasted demand is pushed through to the next department or to inventory.
Answer (A) is incorrect because The EOQ model focuses on the trade-off between carrying and ordering costs.
Answer (C) is incorrect because Linear programming is a decision model concerned with allocating scarce resources to maximize profit or minimize costs.
Answer (D) is incorrect because JIT is a decentralized demand-pull system. It is driven by actual demand.
| 
