Exam 13: Aggregate Planning

Washington Laundry Products,Inc. ,makes commercial and industrial laundry machines (the kinds hotels use),and has these aggregate demand requirements for the next six months.The firm has regular capacity for 200 units,and overtime capacity for 40 more.Currently,subcontracting can supply up to 100 units per month,but the subcontracting firm may soon be unavailable. Which is cheaper: to produce level,incurring back orders and inventory charges;or to produce a base quantity of 120,using first,overtime,then subcontracting,to meet demand?

The aggregate planning process usually includes expediting and dispatching of individual products.

Industries in which quadrant of the Yield Management Matrix are traditionally associated with revenue management? (In other words,in which quadrant are yield management techniques easiest to apply?)

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

One reason complex models have not found widespread use and application is that

Finding an ideal mixed strategy is complicated by the huge number of possible strategies.

A firm uses graphical techniques in its aggregate planning efforts.Over the next twelve months (its intermediate period)it estimates the sum of demands to be 105,000 units.The firm has 250 production days per year.In January,which has 22 production days,demand is estimated to be 11,000 units.A graph of demand versus level production will show that

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.

Which of the following is not one of the four things needed for aggregate planning?

What conditions make yield management of interest?

What is the purpose of aggregate planning? Describe some demand and capacity options for implementing plans.

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

Disaggregation

Identify (a)the demand options for aggregate planning;and (b)the capacity (supply)options for aggregate planning.

Graphical techniques are easy to understand and use,but are not well-suited for generating optimal strategies.

A firm's demand in the next four quarters (its aggregate planning horizon)is forecast to be 80,50,40,and 90 units.Last quarter,the firm produced 60 units.If it uses level scheduling,the firm will

Which choice below best describes the counterseasonal demand option?

Yield management is most likely to be used in which one of the following situations?

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

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