Question 1

Briefly discuss the two primary objectives of aggregate planning.

Accepted Answer

There are two objectives to aggregate pl

Question 2

Given the information below,the number of available-to-promise units in period 6 is

Accepted Answer

A) 400 
B) 150 
C) 50 
D) 0 
A) 400 
B) 150 
C) 50 
D) 0

Question 3

Given the information below,the number of available-to-promise units in period 4 is

Accepted Answer

A) 400 
B) 150 
C) 50 
D) 0 
A) 400 
B) 150 
C) 50 
D) 0

Question 4

A company is developing a linear programming model for its aggregate production plan.If Wt = workforce size for period t,Ht = number of workers hired for period t,and Ft = number of workers fired for period t,then the company's workforce constraint for period 4 is

Accepted Answer

A) W4 = W3 - H4 + F4 
B) W4 = W3 + H4 - F4 
C) W4 = W3 + H3 - F3 
D) W4 = W3 + H4 
A) W4 = W3 - H4 + F4 
B) W4 = W3 + H4 - F4 
C) W4 = W3 + H3 - F3 
D) W4 = W3 + H4

Question 5

A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game.Each hot dog costs the vendor $3.00 and is sold for $5.00.After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75.The vendor believes that the demand for hot dogs follows the probability distribution shown below:
 
The vendor's cost of underestimating demand,Cu,is

Accepted Answer

A) $3.00 
B) $1.75 
C) $2.00 
D) $3.25 
A) $3.00 
B) $1.75 
C) $2.00 
D) $3.25

Question 6

Given the information below,the number of available-to-promise units in period 4 is

Accepted Answer

A) 500 
B) 100 
C) 200 
D) 350 
A) 500 
B) 100 
C) 200 
D) 350

Question 7

An economic strategy for adjusting demand can include adjusting capacity or managing demand.

Accepted Answer

A) True 
 B)False

Question 8

A chase demand strategy is one of several alternatives available for managing demand.

Accepted Answer

A) True 
 B)False

Question 9

A chase strategy involves hiring and firing workers so that production matches demand.

Accepted Answer

A) True 
 B)False

Question 10

The following information relates to a company's aggregate production planning activities:
 
Beginning Workforce = 125 workers
Production per Employee = 500 units per quarter
Hiring Cost = $750 per worker
Firing Cost = $1,500 per worker
Inventory Carrying Cost = $10 per unit per quarter
If a level production strategy is used the number of workers required each quarter is

Accepted Answer

A) 50 
B) 75 
C) 85 
D) 125 
A) 50 
B) 75 
C) 85 
D) 125

Question 11

Adjusting capacity and managing demand are two economic strategies for meeting demand.

Accepted Answer

A) True 
 B)False

Question 12

Yield management can be used to address all of the following problems except

Accepted Answer

A) overbooking. 
B) portioning demand into fare classes. 
C) single order quantities. 
D) backorders. 
A) overbooking. 
B) portioning demand into fare classes. 
C) single order quantities. 
D) backorders.

Question 13

An optimizing technique originally developed for aggregate planning in the paint factory is the

Accepted Answer

A) linear decision rule. 
B) search decision rule. 
C) management coefficients model. 
D) transportation technique. 
A) linear decision rule. 
B) search decision rule. 
C) management coefficients model. 
D) transportation technique.

Question 14

A hot dog vendor must decide on Monday how many hot dogs to have available for the coming Saturday's football game.Each hot dog costs the vendor $3.00 and is sold for $5.00.After the game any unsold hot dogs are discounted and sold to the university cafeteria for $1.75.The vendor believes that the demand for hot dogs follows the probability distribution shown below:
 
The vendor's cost of overestimating demand,Co,is

Accepted Answer

A) $5.00 
B) $3.00 
C) $1.75 
D) $1.25 
A) $5.00 
B) $3.00 
C) $1.75 
D) $1.25

Question 15

The most effective aggregate planning strategy depends on

Accepted Answer

A) the demand distribution 
B) the competitive position 
C) the firm's cost structure 
D) all of the above 
A) the demand distribution 
B) the competitive position 
C) the firm's cost structure 
D) all of the above

Question 16

The following information relates to a company's aggregate production planning activities:
 
Beginning Workforce = 125 workers
Production per Employee = 500 units per quarter
Hiring Cost = $750 per worker
Firing Cost = $1,500 per worker
Inventory Carrying Cost = $10 per unit per quarter
If a chase demand strategy is used then the number of workers hired in quarter 4 is

Accepted Answer

A) 0 
B) 15 
C) 75 
D) 125 
A) 0 
B) 15 
C) 75 
D) 125

Question 17

What is aggregate planning and what alternatives are generally feasible when developing the aggregate production plans?

Accepted Answer

Aggregate planning determines the resour

Question 18

Sharing information and synchronizing production across the supply chain is known as disaggregation.

Accepted Answer

A) True 
 B)False

Question 19

The following information relates to a company's aggregate production planning activities:
 
Beginning Workforce = 35 workers
Production per Employee = 1,250 units per quarter
Hiring Cost = $500 per worker
Firing Cost = $1,000 per worker
Inventory Carrying Cost = $20 per unit per quarter
If a chase demand strategy is used then the total firing cost for the plan is

Accepted Answer

A) $10,000 
B) $15,000 
C) $20,000 
D) $25,000 
A) $10,000 
B) $15,000 
C) $20,000 
D) $25,000

Question 20

All of the following are inputs to the aggregate production planning process except

Accepted Answer

A) demand forecasts. 
B) financial constraints. 
C) sales plans. 
D) capacity constraints. 
A) demand forecasts. 
B) financial constraints. 
C) sales plans. 
D) capacity constraints.

Briefly discuss the two primary objectives of aggregate planning.

Given the information below,the number of available-to-promise units in period 6 is

Given the information below,the number of available-to-promise units in period 4 is

A company is developing a linear programming model for its aggregate production plan.If W_t = workforce size for period t,H_t = number of workers hired for period t,and F_t = number of workers fired for period t,then the company's workforce constraint for period 4 is

Given the information below,the number of available-to-promise units in period 4 is

An economic strategy for adjusting demand can include adjusting capacity or managing demand.

A chase demand strategy is one of several alternatives available for managing demand.

A chase strategy involves hiring and firing workers so that production matches demand.

Adjusting capacity and managing demand are two economic strategies for meeting demand.

Yield management can be used to address all of the following problems except

An optimizing technique originally developed for aggregate planning in the paint factory is the

The most effective aggregate planning strategy depends on

What is aggregate planning and what alternatives are generally feasible when developing the aggregate production plans?

Sharing information and synchronizing production across the supply chain is known as disaggregation.

All of the following are inputs to the aggregate production planning process except

Operations Management

Quality Management

Statistical Quality Control

Product Design

Service Design

Processes and Technology

Scheduling

Capacity and Facilities

Human Resources

Project Management

Supply Chain Management: Strategy and Design

Global Supply Chain Procurement and Distribution

Forecasting

Inventory Management

Operational Decision-Making Tools: Simulation

Operational Decision-Making Tools: Linear Programming

Resource Planning

Lean Systems

Operational Decision-Making Tools: Decision Analysis

Operational Decision-Making Tools: Acceptance Sampling

Decision-Making Tools: Facility Location Models

Operational Decision-Making Tools: Work Measurement

Filters

Exam 14: The Sales and Operations Planning Process

Briefly discuss the two primary objectives of aggregate planning.

Given the information below,the number of available-to-promise units in period 6 is

Given the information below,the number of available-to-promise units in period 4 is

A company is developing a linear programming model for its aggregate production plan.If Wt = workforce size for period t,Ht = number of workers hired for period t,and Ft = number of workers fired for period t,then the company's workforce constraint for period 4 is

Given the information below,the number of available-to-promise units in period 4 is

An economic strategy for adjusting demand can include adjusting capacity or managing demand.

A chase demand strategy is one of several alternatives available for managing demand.

A chase strategy involves hiring and firing workers so that production matches demand.

Adjusting capacity and managing demand are two economic strategies for meeting demand.

Yield management can be used to address all of the following problems except

An optimizing technique originally developed for aggregate planning in the paint factory is the

The most effective aggregate planning strategy depends on

What is aggregate planning and what alternatives are generally feasible when developing the aggregate production plans?

Sharing information and synchronizing production across the supply chain is known as disaggregation.

All of the following are inputs to the aggregate production planning process except

Operations Management

Quality Management

Statistical Quality Control

Product Design

Service Design

Processes and Technology

Scheduling

Capacity and Facilities

Human Resources

Project Management

Supply Chain Management: Strategy and Design

Global Supply Chain Procurement and Distribution

Forecasting

Inventory Management

Operational Decision-Making Tools: Simulation

Operational Decision-Making Tools: Linear Programming

Resource Planning

Lean Systems

Operational Decision-Making Tools: Decision Analysis

Operational Decision-Making Tools: Acceptance Sampling

Decision-Making Tools: Facility Location Models

Operational Decision-Making Tools: Work Measurement

Filters

A company is developing a linear programming model for its aggregate production plan.If W_t = workforce size for period t,H_t = number of workers hired for period t,and F_t = number of workers fired for period t,then the company's workforce constraint for period 4 is