Filters
Question type
Study Flashcards

Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. What is the total cost of pursuing a level aggregate plan over the coming year? Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. What is the total cost of pursuing a level aggregate plan over the coming year? What is the total cost of pursuing a level aggregate plan over the coming year?

Correct Answer

verifed

verified

Requirements total 9400 units,...

View Answer

One question that operations managers must ask when generating an aggregate plan is what factors are likely to influence demand and by how much.

Correct Answer

verifed

verified

Which of the following statements about aggregate planning is true?


A) The development of mathematical models has allowed aggregate planners to discontinue use of trial-and-error methods.
B) In aggregate planning,back orders are a means of manipulating supply while part-time workers are a way of manipulating product or service demand.
C) A pure chase strategy allows lower inventories when compared to pure level scheduling.
D) Disaggregation turns the master production schedule into an intermediate term master plan.
E) Disaggregation results in the material purchasing system.

Correct Answer

verifed

verified

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


A) hire workers to permit production of 65 units per quarter for the next four quarters.
B) hire 20 workers.
C) have an increase in inventory of 20 units in the next quarter.
D) have a decrease in inventory of 5 units in the next quarter.
E) change its workforce each quarter so that inventory does not change.

Correct Answer

verifed

verified

Which of the following uses regression to incorporate historical managerial performance into aggregate planning?


A) transportation method
B) simulation
C) linear decision rule
D) management coefficients model
E) keiretsu

Correct Answer

verifed

verified

Which of the following is not an ingredient for controlling labour cost in services?


A) accurate scheduling of labour-hours to assure quick response to customer demand
B) an on-call labour resource that can be added or deleted to meet unexpected demand
C) contract overseas labour to obtain a lower wage scale
D) flexibility of individual worker skills that permits reallocation of available labour
E) flexibility in rate of output or hours of work to meet changing demand

Correct Answer

verifed

verified

________ involves capacity decisions that determine the allocation of classes of resources in order to maximize profit or yield.

Correct Answer

verifed

verified

Describe the advantages and limitations of the transportation method for aggregate planning.

Correct Answer

verifed

verified

Advantages include that it provides opti...

View Answer

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

Correct Answer

verifed

verified

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


A) a logical overall unit for measuring sales and output
B) a method for determining costs,such as hiring,layoffs,and inventory costs,associated with production schedules
C) a mathematical model that will minimize costs over the intermediate planning period
D) an aggregate demand forecast for an intermediate planning period
E) a model that combines forecasts and costs

Correct Answer

verifed

verified

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


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) number of cars to e exported

Correct Answer

verifed

verified

Houma Containers,Inc. ,makes industrial fibreglass tanks that are used on offshore oil platforms.Demand for the next four months and capacities of the plant are shown in the table below.Unit cost on regular time is $400.Overtime cost is 150% of regular time cost.Subcontracting is available in substantial quantity but at a very high cost,$1100 per unit.Holding costs are $200 per tank per month;back orders cost the firm $1000 per unit per month.Houma's management believes that the transportation algorithm can be used to optimize this scheduling problem.The firm has no beginning inventory and anticipates no ending inventory. Houma Containers,Inc. ,makes industrial fibreglass tanks that are used on offshore oil platforms.Demand for the next four months and capacities of the plant are shown in the table below.Unit cost on regular time is $400.Overtime cost is 150% of regular time cost.Subcontracting is available in substantial quantity but at a very high cost,$1100 per unit.Holding costs are $200 per tank per month;back orders cost the firm $1000 per unit per month.Houma's management believes that the transportation algorithm can be used to optimize this scheduling problem.The firm has no beginning inventory and anticipates no ending inventory. a.How many units will be produced on regular time in June? b.How many units will be produced by subcontracting over the four-month period? c.What will be the inventory at the end of April? d.What will be total production from all sources in April? e.What will be the total cost of the optimum solution? f.Does the firm utilize the expensive options of subcontracting and back ordering? When;why? a.How many units will be produced on regular time in June? b.How many units will be produced by subcontracting over the four-month period? c.What will be the inventory at the end of April? d.What will be total production from all sources in April? e.What will be the total cost of the optimum solution? f.Does the firm utilize the expensive options of subcontracting and back ordering? When;why?

Correct Answer

verifed

verified

(a)250; (b)350; (c)0,and 50 units are ba...

View Answer

Which of the following statements regarding aggregate planning in services is false?


A) When outputs are intangible,aggregate planning deals mainly with human resource requirements and managing demand.
B) Perishability of inventory is an important consideration of planning.
C) Aggregate planning in some service industries can be simpler than in manufacturing.
D) Labour is the primary aggregate planning vehicle.
E) Level scheduling is far more common than chase.

Correct Answer

verifed

verified

An electronics manufacturer makes video security systems for parking lots.Demand estimates for the next four quarters are 15,9,23,and 17 units.Prepare an aggregate plan that uses inventory,regular time,overtime,and back orders.Subcontracting is not allowed.Regular time capacity is 12 units for quarters 1 and 2,15 units for quarters 3 and 4.Overtime capacity is 6 units per quarter.Regular time cost is $20,000 per system,while overtime cost is $30,000 per unit.Back order cost is $2000 per system per quarter;inventory holding cost is $500 per unit per quarter.Beginning inventory is zero. Complete the table of data inputs for solving this aggregate planning problem with the transportation method.Specifically,how many sources are there,and how many destinations? What is the supply from each source,and the demand of each destination? What is the cost of each source-destination pair?

Correct Answer

verifed

verified

There are eight sources: regular time an...

View Answer

Showing 121 - 134 of 134

Related Exams

Exam 1

Operations and Productivity

126 Questions

Exam 2

Operations Strategy in a Global Environment

135 Questions

Exam 3

Project Management

122 Questions

Exam 4

Forecasting

144 Questions

Exam 5

Design of Goods and Services

137 Questions

Exam 6

Managing Quality

130 Questions

Exam 18

Statistical Process Control

156 Questions

Exam 7

Process Strategy and Sustainability

131 Questions

Exam 19

Capacity and Constraint Management

107 Questions

Exam 8

Location Strategies

140 Questions

Exam 9

Layout Strategies

161 Questions

Exam 10

Human Resources,job Design,and Work Measurement

192 Questions

Exam 11

Supply-Chain Management

145 Questions

Exam 20

Outsourcing As a Supply-Chain Strategy

73 Questions

Exam 12

Inventory Management

171 Questions

Exam 14

Material Requirements Planning Mrpand Erp

169 Questions

Exam 15

Short-Term Scheduling

139 Questions

Exam 16

Jit and Lean Operations

138 Questions

Exam 17

Maintenance and Reliability

130 Questions

Exam 21

Decision-Making Tools

97 Questions

Exam 22

Linear Programming

100 Questions

Exam 23

Transportation Models

94 Questions

Exam 24

Waiting-Line Models

135 Questions

Exam 25

Learning Curves

111 Questions

Exam 26

Simulation

92 Questions

Show Answer