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How to decide the planning method for an item?

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How to decide which planning method is most suitable for an item?

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In fusion Planning specification tab there are several planning methods available:

  1. MPP Planning
  2. MPS Planning
  3. MRP Planning
  4. MPS and MPP Planning
  5. MRP and MPP Planning
  6. Not Planned
  7. Replenishment Planning

does anyone have any document along with the business case which can help understand how these different planning method works?

What my understanding is that depending upon the type of demand of an item (independent demand/dependt demand) we can decide whether to use MRP or MPS.

But there are multiple combinations also available for selection, and how can we decide which is the best planning method to use for a particular item.

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