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Exam 13: Aggregate Planning and Sop

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Question 31

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Which of the following aggregate planning strategies is a demand option?

A) changing price
B) subcontracting
C) varying production levels
D) changing inventory levels
E) using part-time workers

F) C) and D)
G) B) and D)

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Question 32

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Disaggregation:

A) breaks the aggregate plan into greater detail.
B) transforms the master production schedule into an aggregate plan.
C) calculates the optimal price points for yield management.
D) converts product schedules and labor assignments to a facility-wide plan.
E) is an assumption required for the use of the transportation model in aggregate planning.

F) D) and E)
G) A) and B)

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Question 33

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What four things are needed to develop an aggregate plan?

________ is an approach to determine the quantity and timing of production for the intermediate future.

The transportation method of linear programming is an optimizing approach to aggregate planning.

Industries in which revenue management techniques are easiest to apply are those where:

Mixed strategies in aggregate planning may utilize inventory,work force,and production rate changes over the planning horizon.

"An optimal plan for minimizing the cost of allocating capacity to meet demand over several planning periods" best describes which of the following?

________ maintains a constant output rate,or work force level,over the planning horizon.

To make revenue management work,the company needs to manage what three issues?

Which of the following aggregate planning options attempts to manipulate product or service demand?

Which of the following is NOT one of the four things needed for aggregate planning?

Most people would argue that a service firm must follow chase or mixed strategies.On the other hand,most state agencies,which are clearly service-oriented,are not at all able to "chase" demand.Discuss how they manipulate demand to allow the level strategy to be used.

Among the mathematical approaches to aggregate planning,________ is good at working with inventories,holding costs,overtime,and subcontracting,but not with hiring and layoffs.

Aggregate planning would entail which of the following production aspects at BMW for a 12-month period?

Aggregate planning for fast food restaurants is very similar to aggregate planning in manufacturing,but with much smaller units of time.

Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. Which of the following production plans is better: Plan A-chase demand by hiring and layoffs;or Plan B-produce at a constant rate of 1200 and obtain the remainder from overtime?

One of the demand options of aggregate planning is to vary the workforce by hiring or layoffs.

A firm practices a chase strategy.Production last quarter was 1000.Demand over the next four quarters is estimated to be 900,700,1000,and 1000.Hiring cost is $20 per unit,and layoff cost is $5 per unit.Over the next year,what will be the sum of hiring and layoff costs?

Aggregate planning occurs over the medium or intermediate future of 3 to 18 months.