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Exam 11: Aggregate Planning and Master Scheduling

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Question 1

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In doing aggregate planning for a firm producing paint, the aggregate planners would most likely deal with:

A) just gallons of paint, without concern for the different colors and sizes.
B) gallons of paint, but be concerned with the different colors to be produced.
C) gallons, quarts, pints, and all the different sizes to be produced.
D) all the different sizes and all the different colors by size.
E) all of the different colors targeted for different markets.

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

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A

Question 2

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Aggregate planners are concerned with the quality and quantity of expected demand.

A) True
B) False

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Question 3

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The output from aggregate planning is a detailed business plan covering the next 2 to 12 months.

Aggregate planners seek to match supply and demand:

Aggregate planning is capacity planning for:

An advantage of a "chase" strategy for aggregate planning is that inventories can be kept relatively low.

What quantity is available for commitment to new customers in either of the first two periods?

A firm has 43 units of a certain product on hand. Forecasts for the first two planning periods are 20 units each. A production quantity of 80 units is planned to be available in period 3. Customer orders are 22 for period 1 and 17 for period 2. What is the projected on-hand inventory at the end of period 2?

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 carrying costs?

One area to which aggregate planning decisions relate is:

Aggregate planners attempt to balance:

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 is total forecasted demand?

Capacity can be modified in aggregate planning by promotion and producing additional product using overtime.

Departmental budgeting is an example of aggregate planning.

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

Which of the following is an input to aggregate planning?

Simulation to produce an aggregate plan:

The direct result of disaggregating the aggregate plan is the:

The assignment of work to specific machines and people are examples of aggregate planning.

A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1, 18 for period 2, and 15 for period 3. What quantity is available for commitment to new customers prior to the receipt of the MPS quantity in week 3?