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Which is the first month that overtime is used for the optimal aggregate plan for Scenario 8.3?
A) July
B) August
C) September
D) October
Aggregate Planning
A marketing activity that attempts to balance supply and demand by determining the best level of production for a given time period.
Overtime
The extra time worked beyond the normal working hours, usually compensated at a higher pay rate.
Stockouts
Situations where demand cannot be met due to inadequate inventory, leading to missed sales opportunities and potentially dissatisfied customers.
- Master the sequence and purposes of aggregate planning, which involves understanding capacity, production, subcontracting, inventory, stockouts, and pricing policies.
- Uncover the typical challenges an aggregate planner encounters and acknowledge the consequential trade-offs.
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Learning Objectives
- Master the sequence and purposes of aggregate planning, which involves understanding capacity, production, subcontracting, inventory, stockouts, and pricing policies.
- Uncover the typical challenges an aggregate planner encounters and acknowledge the consequential trade-offs.
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