Proactive and reactive aggregate planning strategies are best associated with Multiple Choice input and output. make and buy. quantitative and qualitative. exact and approximate. demand and capacity options. 141
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- In aggregate planning models which of the following statements are correct A. The number of workers available influence the possible production level. B. We allow the work level to be modified each month. C Demand should be met D. All of the aboveA local machine shop employs 60 workers who have a variety of skills. The shopaccepts one-time orders and also maintains a number of regular clients. Discuss someof the difficulties with using the aggregate planning methodology in this context.? Which of the following aggregate planning strategies cannot impact the demand 1)subcontracting 2)varying production levels . 3)changing inventory levels 4)hiring workers 5)All of these
- In aggregate planning, if the beginning inventory for January is 500, the forecasted demand is 1800 and the safety stock is 450, what will be the production requirement in January? A. 1900 B. 1850 C. 1800 D. 1750This company has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand Previous quarter's output 1500 units 1 1400 Beginning inventory 200 units 2 1000 Stockout cost $50 per unit 3 1500 Inventory holding cost $8 per unit at end of quarter 4 1300 Hiring workers $5 per unit Laying off workers $10 per unit Unit cost $30 per unit Overtime $10 extra per unit Which of the following production plans is better: Plan 1—chase demand by hiring and layoffs; or Plan 2—produce at a constant rate of 1200 and obtain the remainder from overtime? Finish the calculation. Plan 1. Demand Regular Time Capacity Regular Time Production Hire Fire Initial Inventory Period 1 1,400 1200 Period 2 1,000 Period 3 1,500 Period 4 1,300…In aggregate planning ,the option that tries to smooth the demand pattern, but do not impact supply or capacity is called demand option. true or fales
- I need help with everything. I don't know what I am doing 1. What is the best decision according to the Laplace criteria? A. Order 130 dozen B. Do nothing C. Order 60 dozen D. Order 25 doze 2. Droid Costume for Halloween Scenario Please do the computations to find the best alternative under the Minimax Regret criteria. What is the maximum regret if 25 dozen are ordered? 3. Droid Costume Scenario What is the maximum regret if 60 dozen are ordered? 4. Droid Costume for Halloween Scenario What is the maximum regret if 130 dozen are ordered?Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a four-quarter forecast. the four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300 aggregate plan. Costs Previous quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders $55 per unit Inventory holding cost $11 per unit for every unit held at the end of the quarter Hiring workers $50 per unit Layoff workers $75 per unit Unit cost $35 per unit Overtime $20 extra per unit Subcontracting Not available Your job is to develop an aggregate plan for the next four quarters. Part 2 a) Try hiring and layoffs (to meet the forecast) as necessary (enter your responses as whole…Chase strategy is considered a sales and operations planning strategy such that: Select one: a. involves hiring and laying off staffs to match the demand forecast b. includes overtime, under-time, and vacation planning to match the demand forecast c. Build anticipation inventory to meet the variability in demand. d. deliberates the full range of supply options
- (2-b) A firm's demand in the next four quarters is forecast to be 400, 600, 800, and 700 units. Given that beginning inventory is 600, desired ending inventory in quarter 4 is 300, inventory holding cost is $6 per unit per quarter, and production cost is $50 per unit, calculate the cost of a level production plan.The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,400 May 2,100 February 1,700 June 2,100 March 1,600 July 1,700 April 1,900 August 1,500 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $60 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. Evaluate the following plans D and E. Plan D: Keep the current workforce stable at producing 1,600 units per month. In addition to the regular production, another 20% of the normal production units can be produced in overtime at an additional cost of $50 per unit. A warehouse now constrains the maximum allowable inventory on hand to 600 units or less. Note: Do not produce in overtime if production or inventory are adequate to cover demand.…The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: January 1,500 May 2,300 February 1,700 June 2,100 March 1,700 July 1,900 April 1,700 August 1,500 Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $125 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan C. Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average gross requirements excluding initial inventory and allow varying inventory levels. Conduct your analysis for January through August. The average monthly demand requirement=18001800 units. (Enter your response as a whole number.) In order to arrive at the costs, first compute the ending inventory and stockout units for each month by filling in…