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Exam 11: Aggregate Planning and Master Scheduling

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Question 1

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One area to which aggregate planning decisions relate is:

A) job sequencing
B) customer order quantities
C) inventory levels
D) location
E) layout

F) A) and B)
G) A) and C)

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Question 2

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In using the "chase strategy" variations in demand could be met by:

A) varying output during regular time without changing employment levels
B) varying output during regular time by changing employment levels
C) (a) and (b)
D) varying inventory levels
E) price increases

F) B) and D)
G) A) and B)

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Question 3

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How should overtime capacity be utilized?

In a service setting, the aggregate plan results in a time-phased projection of __________ requirements.

A manager has prepared a forecast of expected aggregate demand for the next six months.Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used.Backorders are allowed, and they are charged at the rate of $8 per unit per month.Inventory holding costs are $1 per unit per month in ending inventory.Determine the cost of this plan if regular time cost is $20 per unit and beginning inventory is zero.

What quantity is available for commitment to new customers prior to the receipt of the MPS quantity in week 3?

Which term is most closely associated with the term disaggregation?

The output from aggregate planning is a detailed business plan covering the next 2 to 12 months.

When the opportunity cost of lost revenue is relatively high, _________ become(s) relatively more attractive.

Aggregate planners commonly use trial-and-error methods in developing aggregate plans.

Aggregate planners typically use mathematical techniques such as linear programming and linear decision rules for planning.

Proactive and Reactive aggregate planning strategies are best associated with:

In doing "aggregate planning" for a firm producing paint, the aggregate planners would most likely deal with:

Uncommitted inventory is called ....

Seasonality in demand has the advantage of leveling out requirements for our product or service.

What are total regular time costs?

An advantage of a "chase" strategy for aggregate planning is that inventories can be kept relatively low.

Available-to-promise in the first week is equal to beginning inventory plus MPS quantity, if any, less committed customer orders before the next MPS quantity.

Departmental budgeting is an example of aggregate planning.

What is total forecasted demand?