Exam 13: Aggregate Planning and Sop

Plans for new product development generally fall within the scope of aggregate planning.

Because service firms do not inventory their output,a chase strategy is not appropriate.

The strategies of aggregate planning are broadly divided into demand options and capacity options.

A small private university normally charges the same price -$200-per credit-hour for all courses and for all students.While the university is pretty near capacity in the fall and spring,it finds that its classrooms are only about 60 percent occupied during the summer session.A student of operations management wonders if revenue management might be useful to both the university and its students alike.This student,with help from some economics majors,estimates a demand curve for summer course enrollment.Points on this demand curve include 9000 credit-hours at the current rate of $200,12,000 credit hours at $180,15,000 credit-hours at $160,and 18,000 credit-hours at $140.Based on this demand curve,what price point would best serve the university,if its objective is the greatest revenue for the summer session?

Which choice below best describes the counterseasonal product demand option?

Under which of the following do planning tasks associated with job assignments,ordering,job scheduling,and dispatching typically fall?

Which of the following is NOT an input to S&OP?

The level scheduling strategy allows lower inventories than the pure chase strategy.

One question that operations managers must answer when generating an aggregate plan is whether prices or other factors should be changed to influence demand.

A hotel room that goes unrented and an airline seat that goes unsold are both examples of perishable inventory in services.

A(n)________ is the result of the disaggregation of an aggregate plan.

Aggregate planning in manufacturing ties organizational strategic goals to a production plan.

What is the typical planning horizon for aggregate planning?

The textbook illustrates demand management in the form of price cuts or discounts.Can demand manipulation for aggregate planning involve price increases? Explain;provide an example.

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

Fred's 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-700 level with the remainder by subcontracting?

Revenue management is MOST likely to be used in which one of the following situations?

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

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

Under which of the following do planning tasks associated with production planning and budgeting,as well as setting employment,inventory,and subcontracting levels,typically fall?