FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 11: Aggregate Planning and Master Scheduling

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

True/False

Review LaterAdd Note

Review Later

A time fence in the master schedule is used to prevent unauthorized people from making changes to the schedule.

Correct Answer

verified

Show Answer

Question 32

True/False

Review LaterAdd Note

Review Later

Aggregate planning is capacity planning that typically covers a time horizon of one to three months.

Correct Answer

verified

Show Answer

Question 33

True/False

Review LaterAdd Note

Aggregate planning is used to establish general levels of employment, output, and inventories over an intermediate range of time.

Consider the following information: $\begin{array} { l l l } \text { Period } & \text { Forecast } \\\hline 1 & 200 & \\2 & 200 & \\3 & 300 & \\4 & 400 & \\5 & 500 & \\6 & 200 & \\\text { Regular Time: } & \$ 20 \text { per unit ( } 280 \text { units per period maximum) } \\\text { Overtime: } & \$ 30 \text { per unit (40 units per period maximum) } \\\text { Subcontracting: } & \text { None available } \\\text { Beginning Inventory: } & \text { None } \\\text { Carrying Cost: } & \$ 1 \text { per unit per period } \\\text { Backorder Cost: } & \$ 5 \text { per unit per period }\end{array}$ What are total costs for each period?

Inventory information for firm ABC: $\begin{array} { l l } \text { Inventory at the end of April, 2008: } & 200 \text { units } \\\text { Expected demand during April, 2008: } & 50 \text { units } \\\text { Production expected during April, 2008: } & 100 \text { units }\end{array}$ What was the inventory at the end of March 2008?

A master production schedule quantity of 300 units will arrive in week 6. Weekly demand over weeks 3 through 10 is forecasted at 50 units. At present, orders have been booked in various quantities in weeks 1, 2, 3, and 4. What is available to promise for week 6?

Which of the following differs between aggregate planning in services and aggregate planning in manufacturing?

One option for altering the pattern of demand is:

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.

Aggregate planning requires which of the following information? (I) a forecast of expected demand (II) current levels of inventory (III) policies regarding employment levels

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. Back orders 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. $\begin{array} { l l } \text { Month } & \text { Forecast } \\\hline 1 & 80 \\2 & 100 \\3 & 120 \\4 & 110 \\5 & 100 \\6 & 90\end{array}$

The main disadvantage(s) of informal techniques used for aggregate planning is(are) :

Essentially, the output of aggregate planning is the:

Demand can be altered in aggregate planning by promotion and producing additional product using overtime.

Disaggregating an aggregate plan leads to a master schedule.

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

Which one of the following is not a basic option for altering demand?

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

One option for altering the availability of capacity is:

Effectively using labor resources during periods of peak demand and low demand would be the goal of aggregate planners in: