Exam 13: Aggregate Planning

The use of part-time workers as an aggregate planning option may be less costly than using full-time workers,but may also reduce quality levels.

In level scheduling,what is kept uniform from month to month?

The management coefficients model is a formal planning model built around a manager's experience and performance.

The objective of aggregate planning is to meet demand while ________ over the planning period.

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

Which of the following aggregate planning methods does not work if hiring and layoffs are possible?

Fairview Industries is preparing its aggregate plan for the second half of the year.The table below contains monthly demand estimates and working days per month.Complete the table by computing total demand,demand per day (for each month),and the average requirement (in units per day)over the six-month planning horizon.Prepare a graph of forecast demand and level production,by months,for the planning period.Label your graph carefully.

Advertising and promotion are methods of manipulating product or service supply in aggregate planning.

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

The planning tasks associated with staffing,production,inventory,and sub-contracting levels typically fall under

Golden Eagle Machine Works has the following demand requirements and other data for the upcoming four quarters. What is the total cost of pursuing a chase aggregate plan over the coming year?

Osprey 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;Plan B-pure level strategy,or Plan C-1350 level with the remainder by subcontracting?

________ work with a few variables at a time and are easy to understand and use.

Explain the fundamental difference between the "capacity options" and the "demand options" of aggregate planning strategies.

The text states that trial-and-error methods continue to be widely used,in spite of the development of various models.Using your knowledge from earlier in this course or from other quantitative courses you might have taken,speculate on why managers continue to use "primitive" devices when such sophistication is available.

Normally,the transportation model is used to solve problems involving several physical sources of product and several physical uses of the product,as in factories and warehouses.How is it possible to use the transportation model where the "routes" are from one time period to another? Describe how this provides aggregate planners with a usable mathematical model.

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?

Which of the following statements about aggregate planning is true?

Which of the following is the term used for medium range capacity planning with a time horizon of three to eighteen months?

A train company is considering applying yield management principles to its ticket sales.Suppose that there is no variable cost in the operation,only a fixed cost to run each train.The company decides that a student ticket will sell for half the cost of a business ticket.If demand for the business tickets is given by 50 - 3x where x is the sales price of a business ticket and demand for student tickets is given by 70 - y^2 where y is the price of a student ticket how much should the company charge for tickets to maximize revenue?