MAN Chp 13 – Aggregate Planning – Flashcards
Unlock all answers in this set
Unlock answersquestion
Aggregate Planning
answer
An approach to determine the quantity and timing of production for the intermediate future, usually 3-18 mths ahead
question
Scheduling Decisions
answer
Plans that match production to changes in demand
question
Disaggregation
answer
The process of breaking an aggregate plan into greater detail
question
Master Production Schedule
answer
A timetable that specifies what is to be made and when
question
Capacity Option Strategies
answer
Do not try to change demand but attempt to absorb demand fluctuations
question
Demand Option Strategies
answer
Firms try to smooth out changes in the demand pattern over the planning period
question
Chase Strategy
answer
A planning strategy that sets production equal to forecasted demand
question
Level Scheduling
answer
Maintaining a constant output rate, production rate, or workforce level over the planning horizon
question
Mixed Strategy
answer
A planning strategy that uses two or more controllable variables to set a feasible production plan
question
Graphicial Techniques
answer
Aggregate planning techniques that work with a few variables at a time to allow planners to compare projected demand with existing capacity
question
Transportation Method of Linear Programming
answer
A way of solving for the optimal solution to an aggregate planning problem
question
Management Coefficients Model
answer
A formal planning model built around a manager's experience and performance
question
Linear Decision Rule
answer
Attempts to specify an optimum production rate and workforce level over a specific period
question
Scheduling by Simulation
answer
Uses a search procedure to look for the minimum cost combo of values for workforce size and production rate
question
Yield/Revenue Management
answer
Capacity decisions that determine the allocation of resources to maximize profit or yield
