Question 1

________ maintains a constant output rate,or work force level,over the planning horizon.

Accepted Answer

The answer of ________ maintains a constant output rate,or work...

Question 2

Among the mathematical approaches to aggregate planning,________ is good at working with inventories,holding costs,overtime,and subcontracting,but not with hiring and layoffs.

Accepted Answer

the transp

Question 3

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

Accepted Answer

A) the linear decision rule 
B) simulation 
C) the management coefficients model 
D) the transportation method 
E) graphical methods 
A) the linear decision rule 
B) simulation 
C) the management coefficients model 
D) the transportation method 
E) graphical methods

Question 4

To make revenue management work,the company needs to manage what three issues?

Accepted Answer

(1)multiple pricing structures

Question 5

What four things are needed to develop an aggregate plan?

Accepted Answer

(1)a logical overall unit for measuring

Question 6

Aggregate planning for fast food restaurants is very similar to aggregate planning in manufacturing,but with much smaller units of time.

Accepted Answer

A) True 
 B)False

Question 7

Eagle 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;or
Plan B-produce at a constant rate of 1200 and obtain the remainder from overtime?

Accepted Answer

Plan A would cost $165,400,while Plan B

Question 8

Which of the following aggregate planning options attempts to manipulate product or service demand?

Accepted Answer

A) inventories 
B) part-time workers 
C) subcontracting 
D) overtime/idle time 
E) price cuts 
A) inventories 
B) part-time workers 
C) subcontracting 
D) overtime/idle time 
E) price cuts

Question 9

Industries in which revenue management techniques are easiest to apply are those where:

Accepted Answer

A) use tends to be predictable,and pricing tends to be fixed. 
B) use tends to be predictable,and pricing tends to be variable. 
C) use tends to be uncertain,and pricing tends to be fixed. 
D) use tends to be uncertain,and pricing tends to be variable. 
E) All of the above,i.e. ,there is no difference. 
A) use tends to be predictable,and pricing tends to be fixed. 
B) use tends to be predictable,and pricing tends to be variable. 
C) use tends to be uncertain,and pricing tends to be fixed. 
D) use tends to be uncertain,and pricing tends to be variable. 
E) All of the above,i.e. ,there is no difference.

Question 10

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

Accepted Answer

A) a logical overall unit for measuring sales and output 
B) a method to determine the relevant costs 
C) a mathematical model that will minimize costs over the intermediate planning period 
D) an aggregate demand forecast for an intermediate planning period 
E) All of these are needed for aggregate planning. 
A) a logical overall unit for measuring sales and output 
B) a method to determine the relevant costs 
C) a mathematical model that will minimize costs over the intermediate planning period 
D) an aggregate demand forecast for an intermediate planning period 
E) All of these are needed for aggregate planning.

Question 11

Which of the following aggregate planning strategies is a demand option?

Accepted Answer

A) changing price 
B) subcontracting 
C) varying production levels 
D) changing inventory levels 
E) using part-time workers 
A) changing price 
B) subcontracting 
C) varying production levels 
D) changing inventory levels 
E) using part-time workers

Question 12

The transportation method of linear programming is an optimizing approach to aggregate planning.

Accepted Answer

A) True 
 B)False

Question 13

One of the demand options of aggregate planning is to vary the workforce by hiring or layoffs.

Accepted Answer

A) True 
 B)False

Question 14

Aggregate planning occurs over the medium or intermediate future of 3 to 18 months.

Accepted Answer

A) True 
 B)False

Question 15

________ is an approach to determine the quantity and timing of production for the intermediate future.

Accepted Answer

The answer of ________ is an approach to determine the...

Question 16

A firm practices a chase strategy.Production last quarter was 1000.Demand over the next four quarters is estimated to be 900,700,1000,and 1000.Hiring cost is $20 per unit,and layoff cost is $5 per unit.Over the next year,what will be the sum of hiring and layoff costs?

Accepted Answer

A) $500 
B) $2,500 
C) $7,500 
D) $7,000 
E) $12,500 
A) $500 
B) $2,500 
C) $7,500 
D) $7,000 
E) $12,500

Question 17

Mixed strategies in aggregate planning may utilize inventory,work force,and production rate changes over the planning horizon.

Accepted Answer

A) True 
 B)False

Question 18

Disaggregation:

Accepted Answer

A) breaks the aggregate plan into greater detail. 
B) transforms the master production schedule into an aggregate plan. 
C) calculates the optimal price points for yield management. 
D) converts product schedules and labor assignments to a facility-wide plan. 
E) is an assumption required for the use of the transportation model in aggregate planning. 
A) breaks the aggregate plan into greater detail. 
B) transforms the master production schedule into an aggregate plan. 
C) calculates the optimal price points for yield management. 
D) converts product schedules and labor assignments to a facility-wide plan. 
E) is an assumption required for the use of the transportation model in aggregate planning.

Question 19

Most people would argue that a service firm must follow chase or mixed strategies.On the other hand,most state agencies,which are clearly service-oriented,are not at all able to "chase" demand.Discuss how they manipulate demand to allow the level strategy to be used.

Accepted Answer

This is a critical-thinking item for stu

Question 20

Aggregate planning would entail which of the following production aspects at BMW for a 12-month period?

Accepted Answer

A) number of cars with a hi-fi stereo system to produce 
B) number of two-door vs.four-door cars to produce 
C) number of green cars to produce 
D) total number of cars to produce 
E) B,C,and D 
A) number of cars with a hi-fi stereo system to produce 
B) number of two-door vs.four-door cars to produce 
C) number of green cars to produce 
D) total number of cars to produce 
E) B,C,and D

Exam 13: Aggregate Planning and Sop

________ maintains a constant output rate,or work force level,over the planning horizon.

Among the mathematical approaches to aggregate planning,________ is good at working with inventories,holding costs,overtime,and subcontracting,but not with hiring and layoffs.

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

To make revenue management work,the company needs to manage what three issues?

What four things are needed to develop an aggregate plan?

Aggregate planning for fast food restaurants is very similar to aggregate planning in manufacturing,but with much smaller units of time.

Eagle 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;or Plan B-produce at a constant rate of 1200 and obtain the remainder from overtime?

Which of the following aggregate planning options attempts to manipulate product or service demand?

Industries in which revenue management techniques are easiest to apply are those where:

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

Which of the following aggregate planning strategies is a demand option?

The transportation method of linear programming is an optimizing approach to aggregate planning.

One of the demand options of aggregate planning is to vary the workforce by hiring or layoffs.

Aggregate planning occurs over the medium or intermediate future of 3 to 18 months.

________ is an approach to determine the quantity and timing of production for the intermediate future.

A firm practices a chase strategy.Production last quarter was 1000.Demand over the next four quarters is estimated to be 900,700,1000,and 1000.Hiring cost is $20 per unit,and layoff cost is $5 per unit.Over the next year,what will be the sum of hiring and layoff costs?

Mixed strategies in aggregate planning may utilize inventory,work force,and production rate changes over the planning horizon.

Disaggregation:

Most people would argue that a service firm must follow chase or mixed strategies.On the other hand,most state agencies,which are clearly service-oriented,are not at all able to "chase" demand.Discuss how they manipulate demand to allow the level strategy to be used.

Aggregate planning would entail which of the following production aspects at BMW for a 12-month period?

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