Aggregate Planning Overview
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the typical time horizon of aggregate planning?

  • 1 to 6 months
  • Less than a month
  • 2 to 12 months (correct)
  • 1 to 2 years

    • What is the main goal of aggregate planning?

  • Maximize profits at all costs
  • Ignore fluctuations in demand
  • Minimize employment levels
  • Utilize resources to satisfy expected demand (correct)

    • Which level of planning defines the capacity constraints for intermediate planning?

  • Short-term planning
  • Intermediate planning
  • Long-term planning (correct)
  • Micro-level planning

    • What do intermediate decisions in planning relate to?

    <p>General levels of employment, output, and inventories</p> Signup and view all the answers

    What is the focus of long-term planning decisions?

    <p>Product and service selection, facility size and location</p> Signup and view all the answers

    How often are intermediate planning time increments usually set?

    <p>Monthly or sometimes quarterly</p> Signup and view all the answers

    What is the time period covered by short-term planning?

    <p>One day or less to six months</p> Signup and view all the answers

    What decisions do short-term decisions involve?

    <p>Scheduling jobs, workers, and equipment</p> Signup and view all the answers

    What is the output of aggregate planning?

    <p>Production plan</p> Signup and view all the answers

    What is the primary concern of aggregate planners?

    <p>Minimizing costs</p> Signup and view all the answers

    What do aggregate planners aim to achieve over the entire planning horizon?

    <p>Achieve rough equality of demand and capacity</p> Signup and view all the answers

    Why do aggregate planners try to achieve a balance between supply and demand?

    <p>Opportunity costs</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser