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Exam 11: Aggregate Planning and Master Scheduling

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Question 51

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Moving from the aggregate plan to a master production schedule requires:

A) rough-cut capacity planning.
B) disaggregation.
C) suboptimization.
D) strategy formulation.
E) chase strategies.

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

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Question 52

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In practice, the more commonly used techniques for aggregate planning are:

A) mathematical techniques.
B) informal trial-and-error techniques.
C) transportation models.
D) simulation models.
E) linear programming optimization.

F) C) and E)
G) C) and D)

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Question 53

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Prepare a master schedule based on the following information: $\begin{array} { l c r r r r r r r } \text { Week } & 1 & { 2 } & { 3 } & { 4 } &{ 5 } & { 6 } & { 7 } & { 8 } \\\hline \text { Forecast } & 100 & 100 & 120 & 120 & 150 & 150 & 180 & 180 \\\text { Orders } & 106 & 94 & 65 & 40 & 21 & 9 & 2 & 0\end{array}$ Currently there are 145 units in inventory.

The goal of aggregate planning is to achieve a production plan that attempts to balance the organization's resources and meet expected demand.

Aggregate planning in the case of a high-volume product output business such as a restaurant is directed toward:

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 back order costs?

Which of the following best describes aggregate planning?

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