Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the regular time production cost for January using the level production strategy.Assume the regular time production cost as $200/pair of skis,the average monthly inventory holding cost is $20/pair of skis per month,and 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) $400,000 B) $800,000 C) $120,000 D) $100,000 A) $400,000 B) $800,000 C) $120,000 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 average inventory for the month of February 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) 2,200 C) 1,800 D) 2,500 A) 3,000 B) 2,200 C) 1,800 D) 2,500

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the planned monthly production level using level production strategy. \[\begin{array} { | c | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of unit) } \end{array} & \text { Month } & \begin{array} { c } \text { Demand } \\ \text { (in pairs } \\ \text { of units) } \end{array} \\ \hline \text { Jan } & 8,000 & \text { J uly } & 1,000 \\ \hline \text { Feb } & 7,000 & \text { Aug } & 1,300 \\ \hline \text { Mar } & 6,000 & \text { Sept } & 1,000 \\ \hline \text { Apr } & 4,000 & \text { Oct } & 3,000 \\ \hline \text { May } & 2,000 & \text { Nov } & 5,700 \\ \hline \text { J une } & 2,000 & \text { Dec } & 7,000 \\ \hline \end{array}\]

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

Exam 20: Sales and Operations Planning

Which of the following is based on the assumption that management can create accurate tactical plans based on the overall aggregate forecast and then divide the resources across the individual products and services during the detailed operational planning and control activities?

(Multiple Choice)

4.9/5

(34)

Question 61

The objective of ______ is to ensure that there is sufficient manufacturing and distribution capacity to meet the demand forecasts.

(Multiple Choice)

4.8/5

(44)

Question 62

______ is the integration of customer-focused marketing plans for new and existing products with supply chain management.

(Multiple Choice)

4.8/5

(39)

Question 63

Regular time production cost is given by the formula ______.

(Multiple Choice)

4.7/5

(38)

Question 64

Which of the following is NOT an objective of sales and operations planning?

(Multiple Choice)

4.8/5

(32)

Question 65

An input to sales and operations planning by the operations department includes ______

(Multiple Choice)

4.8/5

(44)

Question 66

The ______ department provides global planners with information on capital expenditure planning and budgeting activities.

(Multiple Choice)

4.8/5

(28)

Question 67

Which of following is FALSE about sales carbon operations planning (SCOP)?

(Multiple Choice)

4.8/5

(47)

Question 68

Which of the following is an optimization approach that can be used to create aggregate plans,where the total production cost is represented by a single quadratic cost function,which is minimized using calculus?

(Multiple Choice)

4.7/5

(37)

Question 69

The SCOP process identifies and evaluates the environmental impact through all the phases of new product development,from design to disposal.This statement applies to which of the following functions?

(Multiple Choice)

4.9/5

(32)

Question 70

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the regular time production cost for January using the level production strategy.Assume the regular time production cost as $200/pair of skis,the average monthly inventory holding cost is $20/pair of skis per month,and 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)

4.7/5

(41)

Question 71

Which of the following is FALSE about ethical issues in sales and operations planning?

(Multiple Choice)

4.9/5

(44)

Question 72

Which of the following is NOT a benefit of the sales and operations planning process?

(Multiple Choice)

4.9/5

(35)

Question 73

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the average inventory for the month of February 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)

4.8/5

(43)

Question 74

Airlines overfill customers beyond their seating capacity in order to compensate for customers who cancel their booking.This technique is an illustration of which of the following yield management strategies?

(Multiple Choice)

4.9/5

(37)

Question 75

Which planning approach is used when management calculates the resource requirement for each individual set of products or services and then combines to get an overall picture of resource requirement?

(Multiple Choice)

4.9/5

(41)

Question 76

The aim of the ______ strategy is to maintain a constant production rate.

(Multiple Choice)

5.0/5

(41)

Question 77

Consider the estimated aggregate demand for a company's ski product line for the upcoming year in the following table.Calculate the planned monthly production level using level production strategy. Month Demand (in pairs of unit) Month Demand (in pairs of units) Jan 8,000 J uly 1,000 Feb 7,000 Aug 1,300 Mar 6,000 Sept 1,000 Apr 4,000 Oct 3,000 May 2,000 Nov 5,700 J une 2,000 Dec 7,000

(Multiple Choice)

4.7/5

(36)

Question 78

Which of the following is FALSE about linking the sales and operations planning process to the operations of the company's supply chain partners?

(Multiple Choice)

4.7/5

(36)

Question 79

The number of nurses and doctors that a hospital may need on any given day depends not only on the number of patients but also the types of patient care required.This is an illustration of which of the following statements?

(Multiple Choice)

4.9/5

(26)

Question 80

Exam 20: Sales and Operations Planning

Which of the following is based on the assumption that management can create accurate tactical plans based on the overall aggregate forecast and then divide the resources across the individual products and services during the detailed operational planning and control activities?

The objective of ______ is to ensure that there is sufficient manufacturing and distribution capacity to meet the demand forecasts.

______ is the integration of customer-focused marketing plans for new and existing products with supply chain management.

Regular time production cost is given by the formula ______.

Which of the following is NOT an objective of sales and operations planning?

An input to sales and operations planning by the operations department includes ______

The ______ department provides global planners with information on capital expenditure planning and budgeting activities.

Which of following is FALSE about sales carbon operations planning (SCOP)?

Which of the following is an optimization approach that can be used to create aggregate plans,where the total production cost is represented by a single quadratic cost function,which is minimized using calculus?

The SCOP process identifies and evaluates the environmental impact through all the phases of new product development,from design to disposal.This statement applies to which of the following functions?

Which of the following is FALSE about ethical issues in sales and operations planning?

Which of the following is NOT a benefit of the sales and operations planning process?

Airlines overfill customers beyond their seating capacity in order to compensate for customers who cancel their booking.This technique is an illustration of which of the following yield management strategies?

Which planning approach is used when management calculates the resource requirement for each individual set of products or services and then combines to get an overall picture of resource requirement?

The aim of the ______ strategy is to maintain a constant production rate.

Which of the following is FALSE about linking the sales and operations planning process to the operations of the company's supply chain partners?

The number of nurses and doctors that a hospital may need on any given day depends not only on the number of patients but also the types of patient care required.This is an illustration of which of the following statements?

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