Question 1

Uncommitted inventory is called ....

Accepted Answer

A)  Available-to-promise inventory
B)  Free inventory
C)  Safety stock
D)  Lead time inventory
E)  Obsolete inventory

Question 2

How should overtime capacity be utilized?

Accepted Answer

40 units e...

Question 3

What quantity is available for commitment to new customers prior to the receipt of the MPS quantity in week 3?

Accepted Answer

A)  14
B)  32
C)  12
D)  20
E)  impossible to say without additional information.

Question 4

Proactive and Reactive aggregate planning strategies are best associated with:

Accepted Answer

A)  Input and Output
B)  Make and Buy
C)  Quantitative and Qualitative
D)  Exact and Approximate
E)  Demand and Capacity options

Question 5

In using the "chase strategy" variations in demand could be met by:

Accepted Answer

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

Question 6

Aggregate planners commonly use trial-and-error methods in developing aggregate plans.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False  True

Question 8

One area to which aggregate planning decisions relate is:

Accepted Answer

A)  job sequencing
B)  customer order quantities
C)  inventory levels
D)  location
E)  layout

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Aggregate planners typically use mathematical techniques such as linear programming and linear decision rules for planning.

Accepted Answer

A) True 
 B)False

Question 11

In a service setting, the aggregate plan results in a time-phased projection of __________ requirements.

Accepted Answer

A)  customer
B)  staff
C)  inventory
D)  subcontracting
E)  outsourcing

Question 12

Departmental budgeting is an example of aggregate planning.

Accepted Answer

A) True 
 B)False

Question 13

When the opportunity cost of lost revenue is relatively high, _________ become(s)  relatively more attractive.

Accepted Answer

A)  Layoffs
B)  Backorders
C)  Excess capacity
D)  Disaggregation
E)  Both B and C

Question 14

What are total regular time costs?

Accepted Answer

The answer of What are total regular time costs?...

Question 15

Available-to-promise in the first week is equal to beginning inventory plus MPS quantity, if any, less committed customer orders before the next MPS quantity.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

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

Question 17

What is total forecasted demand?

Accepted Answer

1,800 units

Question 18

Which term is most closely associated with the term disaggregation?

Accepted Answer

A)  subcontracting
B)  master schedule
C)  diversity
D)  varying inventory levels
E)  firing and laying off

Question 19

A manager has prepared a forecast of expected aggregate demand for the next six months.Develop an aggregate plan to meet this demand given this additional information: A level production rate of 100 units per month will be used.Backorders are allowed, and they are charged at the rate of $8 per unit per month.Inventory holding costs are $1 per unit per month in ending inventory.Determine the cost of this plan if regular time cost is $20 per unit and beginning inventory is zero.

Accepted Answer

The aggregate plan should look like this:  With costs as follows:  Total cost of this plan is $12,200.

Question 20

Seasonality in demand has the advantage of leveling out requirements for our product or service.

Accepted Answer

A) True 
 B)False

Exam 11: Aggregate Planning and Master Scheduling

Uncommitted inventory is called ....

Correct Answer
verified

How should overtime capacity be utilized?

Correct Answer
verified
40 units e...
View Answer

What quantity is available for commitment to new customers prior to the receipt of the MPS quantity in week 3?

Correct Answer
verified

Proactive and Reactive aggregate planning strategies are best associated with:

Correct Answer
verified

In using the "chase strategy" variations in demand could be met by:

Correct Answer
verified

Aggregate planners commonly use trial-and-error methods in developing aggregate plans.

Correct Answer
verified

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

Correct Answer
verified
True

One area to which aggregate planning decisions relate is:

Correct Answer
verified

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

Correct Answer
verified

Aggregate planners typically use mathematical techniques such as linear programming and linear decision rules for planning.

Correct Answer
verified

In a service setting, the aggregate plan results in a time-phased projection of __________ requirements.

Correct Answer
verified

Departmental budgeting is an example of aggregate planning.

Correct Answer
verified

When the opportunity cost of lost revenue is relatively high, _________ become(s) relatively more attractive.

Correct Answer
verified

What are total regular time costs?

Correct Answer
verified

Available-to-promise in the first week is equal to beginning inventory plus MPS quantity, if any, less committed customer orders before the next MPS quantity.

Correct Answer
verified

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

Correct Answer
verified

What is total forecasted demand?

Correct Answer
verified
1,800 units

Which term is most closely associated with the term disaggregation?

Correct Answer
verified

Correct Answer
verified
11ea6d31_2da2_f2bb_ada9_dde7e105d489_TB2514_00 The aggregate plan should look like this: 11ea6d31_2da2_f2bc_ada9_07598bffb53e_TB2514_00 With costs as follows: 11ea6d31_2da3_19cd_ada9_61caef224ae9_TB2514_00 Total cost of this plan is $12,200.

Seasonality in demand has the advantage of leveling out requirements for our product or service.

Correct Answer
verified

Exam 11: Aggregate Planning and Master Scheduling

Uncommitted inventory is called ....

Correct AnswerverifiedShow Answer

How should overtime capacity be utilized?

Correct Answerverified40 units e...View AnswerShow Answer

What quantity is available for commitment to new customers prior to the receipt of the MPS quantity in week 3?

Correct AnswerverifiedShow Answer

Proactive and Reactive aggregate planning strategies are best associated with:

Correct AnswerverifiedShow Answer

In using the "chase strategy" variations in demand could be met by:

Correct AnswerverifiedShow Answer

Aggregate planners commonly use trial-and-error methods in developing aggregate plans.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

One area to which aggregate planning decisions relate is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Aggregate planners typically use mathematical techniques such as linear programming and linear decision rules for planning.

Correct AnswerverifiedShow Answer

In a service setting, the aggregate plan results in a time-phased projection of __________ requirements.

Correct AnswerverifiedShow Answer

Departmental budgeting is an example of aggregate planning.

Correct AnswerverifiedShow Answer

When the opportunity cost of lost revenue is relatively high, _________ become(s) relatively more attractive.

Correct AnswerverifiedShow Answer

What are total regular time costs?

Correct AnswerverifiedShow Answer

Available-to-promise in the first week is equal to beginning inventory plus MPS quantity, if any, less committed customer orders before the next MPS quantity.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is total forecasted demand?

Correct Answerverified1,800 units

Which term is most closely associated with the term disaggregation?

Correct AnswerverifiedShow Answer

Correct Answerverified11ea6d31_2da2_f2bb_ada9_dde7e105d489_TB2514_00 The aggregate plan should look like this: 11ea6d31_2da2_f2bc_ada9_07598bffb53e_TB2514_00 With costs as follows: 11ea6d31_2da3_19cd_ada9_61caef224ae9_TB2514_00 Total cost of this plan is $12,200.

Seasonality in demand has the advantage of leveling out requirements for our product or service.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
40 units e...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
1,800 units

Correct Answer
verified

Correct Answer
verified
11ea6d31_2da2_f2bb_ada9_dde7e105d489_TB2514_00 The aggregate plan should look like this: 11ea6d31_2da2_f2bc_ada9_07598bffb53e_TB2514_00 With costs as follows: 11ea6d31_2da3_19cd_ada9_61caef224ae9_TB2514_00 Total cost of this plan is $12,200.

Correct Answer
verified