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Inventory information for firm ABC:
Inventory at the end of March, 1999: 200 units
Expected demand during April, 1999: 50 units
Production expected during April, 1999: 100 units
What is the expected inventory at the end of April, 1999?
a. 350
b. 250
c. 150
d. 50
e. none of the above
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C
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One option for altering the availability of manufacturing capacity is:
a. pricing
b. promotion
c. backorders
d. inventories
e. none of the above
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D
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Aggregate planners attempt to balance:
a. demand and inventories
b. demand and costs
c. capacity and inventories
d. capacity and costs
e. capacity and demand
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E
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Aggregate planning requires which of the following information?
a. a forecast of expected demand
b. current levels of inventory
c. (a) and (b)
d. policies regarding employment levels
e. all of the above
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E
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Which one of the following would not be considered a decision option for purposes of aggregate planning?
a. inventory levels
b. manpower levels
c. pricing
d. production costs
e. promotion
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D
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Which of the following is an input to aggregate planning?
a. beginning inventory
b. forecasts for each period of the schedule
c. customer orders
d. all of the above
e. quantity discounts
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D
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Moving from the aggregate plan to a master production schedule requires:
a. rough cut capacity planning
b. desegregation
c. sub-optimization
d. strategy formulation
e. chase strategies
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B
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Aggregate planning is capacity planning for:
a. the long range
b. the intermediate range
c. the short range
d. typically one to three months
e. typically one or more years
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B
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The main disadvantage(s) of informal techniques used for aggregate planning is(are):
a. they are expensive to do
b. they may not result in the best plan
c. they take a long time to do
d. they require use of a computer
e. lack of formal education of the planners
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B
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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. none of the above
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A
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Which of the following is not an input to the aggregate planning process:
a. resources available
b. demand forecast
c. policies on work force changes
d. master production schedules
e. cost information
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D
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Linear programming to produce an aggregate plan:
a. will produce the best plan if accurate inputs are used
b. is the most widely used technique
c. a and b
d. will produce a plan that may not be the best plan
e. requires an excel spreadsheet
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A
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In using the "chase strategy" variations in demand could be met by:
a. varying output during regular time without changing employment levels
b. varying output during regular time by changing employment levels
c. a and b
d. varying inventory levels
e. price increases
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B
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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. a and b about equally
d. simulation models
e. linear programming optimization
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B
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Which one of the following is not a basic option for altering demand?
a. promotion
b. backordering
c. pricing
d. subcontracting
e. all are demand options
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D
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In order to use the "level capacity strategy", variation in demand are met by:
a. varying output during regular time without changing employment levels
b. varying output during regular time by changing employment levels
c. a and b
d. using combination of inventories, overtime, part time, and back orders
e. price adjustments
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D
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That portion of projected inventory which enables marketing to make realistic commitments about delivery dates for new orders is:
a. beginning inventory
b. safety stock inventory
c. available-to-promise inventory
d. high margin inventory
e. none of the above
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C
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Essentially, the output of aggregate planning is the:
a. marketing plan
b. production plan
c. rough-cut capacity plan
d. assignment plan
e. material requirements plan
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B
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Which of the following would not be a strategy associated with adjusting aggregate capacity to meet expected demand?
a. subcontract
b. vary the size of the workforce
c. vary the intensity of workforce utilization
d. allow inventory levels to vary
e. use backorders
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E
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Which for the following is not a basic options for altering the availability of capacity in a service environment?
a. overtime
b. hiring/layoff
c. part time
d. inventory
e. all of the above
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D
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One area to which aggregate planning decisions relate is:
a. job sequencing
b. customer order quantities
c. inventory levels
d. location
e. layout
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C
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Accommodating peak demands and effectively using labor resources during periods of low demand would be the goal of aggregate planners in:
a. manufacturing
b. military
c. archaeology
d. libraries
e. financial services
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E
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One option for altering the pattern of demand is:
a. backorders
b. overtime
c. part-time workers
d. inventories
e. subcontracting
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A
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Simulation to produce an aggregate plan:
a. will produce the best plan
b. is the most widely used technique
c. both a and b
d. will produce a plan that may not be the best plan
e. requires a minimum of 4 iterations to be accurate
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D
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Aggregate planning requires which of the following information?
a. a forecast of expected demand
b. current levels of inventory
c. a and b
d. policies regarding employment levels
e. all of the above
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E
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