Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the hiring cost for month of January using the chase production strategy.The average number of hours required to produce a pair of skis is 8 hours,and the number of worker hours per month is 160.The current workforce is 100.The beginning inventory for January is zero.The hiring cost per worker is $400. \[\begin{array} { | c | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of unit) } \end{array} & \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of units) } \end{array} \\ \hline \text { J an } & 8,000 & \text { J uly } & 1,000 \\ \hline \text { Feb } & 7,000 & \text { Aug } & 1,300 \\ \hline \text { Mar } & 5,000 & \text { Sept } & 2,000 \\ \hline \text { Apr } & 4,000 & \text { Oct } & 3,000 \\ \hline \text { May } & 2,000 & \text { Nov } & 5,700 \\ \hline \text { J une } & 2,000 & \text { Dec } & 7,000 \\ \hline \end{array}\]

A) $120,000 B) $150,000 C) $200,000 D) $100,000 A) $120,000 B) $150,000 C) $200,000 D) $100,000

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the ending inventory level for January under a level production strategy.Assume the beginning inventory for January is 8,000 units. \[\begin{array} { | c | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of unit) } \end{array} & \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of units) } \end{array} \\ \hline \text { J an } & 8,000 & \text { J uly } & 1,000 \\ \hline \text { Feb } & 7,000 & \text { Aug } & 1,300 \\ \hline \text { Mar } & 5,000 & \text { Sept } & 2,000 \\ \hline \text { Apr } & 4,000 & \text { Oct } & 3,000 \\ \hline \text { May } & 2,000 & \text { Nov } & 5,700 \\ \hline \text { J une } & 2,000 & \text { Dec } & 7,000 \\ \hline \end{array}\]

A) 3,000 B) 5,000 C) 4,000 D) 5,500 A) 3,000 B) 5,000 C) 4,000 D) 5,500

Exam 20: Sales and Operations Planning

The goal of ______ is to reach a consensus among the various stakeholders on various demand scenarios,the products that will be sold and the revenues that will be generated for each product line in each month of the planning horizon.

(Multiple Choice)

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Question 21

Which of the following does NOT have an impact on a company's choice of global sales and operations planning model?

(Multiple Choice)

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Question 22

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the hiring cost for month of January using the chase production strategy.The average number of hours required to produce a pair of skis is 8 hours,and the number of worker hours per month is 160.The current workforce is 100.The beginning inventory for January is zero.The hiring cost per worker is $400. Month Demand (in pairs of unit) Month Demand (in pairs of units) J an 8,000 J uly 1,000 Feb 7,000 Aug 1,300 Mar 5,000 Sept 2,000 Apr 4,000 Oct 3,000 May 2,000 Nov 5,700 J une 2,000 Dec 7,000

(Multiple Choice)

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Question 23

Which of the following is NOT one of the sales and operations planning strategies?

(Multiple Choice)

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Question 24

A strategy in which employees of a service company are hired as contractors to work for a certain number of hours per year for fixed sum of money is called ______.

(Multiple Choice)

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Question 25

Which of the following strategies is appropriate for manufacturing organizations that have stable market demand or production levels?

(Multiple Choice)

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Question 26

ROA in financial planning stands for ______.

(Multiple Choice)

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Question 27

Which of the following techniques attempts to optimize a company's objective,such as maximizing profits or minimizing costs,given constraints such as scarce productive resources?

(Multiple Choice)

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Question 28

Which of the following is an approach for service companies with capacity constraints to maximize revenue from its service operations,while at the same time providing a desired level of service to the right customer at the right time and at the right price?

(Multiple Choice)

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Question 29

______ team typically consists of personnel from purchasing,inventory management,production,warehousing,and logistics.

(Multiple Choice)

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Question 30

Yield management is commonly referred to as ______.

(Multiple Choice)

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Question 31

Which of the following is a component of the operations plan?

(Multiple Choice)

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Question 32

______ planning approaches can be used for developing a sales and operations plan.

(Multiple Choice)

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Question 33

Companies that use ______ strategy employ the options of hiring and laying-off workers,overtime work,subcontracting,and so on to meet demand.

(Multiple Choice)

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Question 34

Which of the following models use search decision rules to find the appropriate combination of production and workforce levels that will minimize costs?

(Multiple Choice)

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Question 35

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the ending inventory level for January under a level production strategy.Assume the beginning inventory for January is 8,000 units. Month Demand (in pairs of unit) Month Demand (in pairs of units) J an 8,000 J uly 1,000 Feb 7,000 Aug 1,300 Mar 5,000 Sept 2,000 Apr 4,000 Oct 3,000 May 2,000 Nov 5,700 J une 2,000 Dec 7,000

(Multiple Choice)

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Question 36

The output of the financial planning stage serves as an input to ______.

(Multiple Choice)

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Question 37

Service companies such as hotels and concert halls offer premium and economy rooms and seats under different price ranges.This technique is an illustration of which of the following yield management strategies?

(Multiple Choice)

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Question 38

Which of the following statements is true about companies that adopt SCOP?

(Multiple Choice)

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Question 39

Which planning approach is appropriate for companies that produce a combination of products and services that require similar resources?

(Multiple Choice)

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Question 40

Exam 20: Sales and Operations Planning

The goal of ______ is to reach a consensus among the various stakeholders on various demand scenarios,the products that will be sold and the revenues that will be generated for each product line in each month of the planning horizon.

Which of the following does NOT have an impact on a company's choice of global sales and operations planning model?

Which of the following is NOT one of the sales and operations planning strategies?

A strategy in which employees of a service company are hired as contractors to work for a certain number of hours per year for fixed sum of money is called ______.

Which of the following strategies is appropriate for manufacturing organizations that have stable market demand or production levels?

ROA in financial planning stands for ______.

Which of the following techniques attempts to optimize a company's objective,such as maximizing profits or minimizing costs,given constraints such as scarce productive resources?

Which of the following is an approach for service companies with capacity constraints to maximize revenue from its service operations,while at the same time providing a desired level of service to the right customer at the right time and at the right price?

______ team typically consists of personnel from purchasing,inventory management,production,warehousing,and logistics.

Yield management is commonly referred to as ______.

Which of the following is a component of the operations plan?

______ planning approaches can be used for developing a sales and operations plan.

Companies that use ______ strategy employ the options of hiring and laying-off workers,overtime work,subcontracting,and so on to meet demand.

Which of the following models use search decision rules to find the appropriate combination of production and workforce levels that will minimize costs?

The output of the financial planning stage serves as an input to ______.

Service companies such as hotels and concert halls offer premium and economy rooms and seats under different price ranges.This technique is an illustration of which of the following yield management strategies?

Which of the following statements is true about companies that adopt SCOP?

Which planning approach is appropriate for companies that produce a combination of products and services that require similar resources?

Introduction to Managing Global Operations and Supply Chains

Operations and Supply Chain Strategies

Project Management

Supplement: Project Management

Product and Service Innovations

Supplement: Reliability

Managing for Quality

Quality Improvement and Control Tools

Capacity Planning

Supply Chain Design and Location Planning

Process Design and Layout Planning

Supplement: Tools for Analyzing, Designing, and Selecting Processes and Layouts

Supplier Management

Logistics Management

Demand Management and Customer Service

Demand Forecasting Methods

Lean Operations and Supply Chains

Inventory Management

Inventory Control Models

Master Scheduling and Material Requirements Planning

Supplement: Capacity Requirements Planning, MRP II, ERP, and DRP

Detailed Scheduling

Linear Programming

The Transportation Models

Waiting Line Models

Simulation

Learning Curves

Decision-Making Tools

Filters