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Exam 13: Aggregate Scheduling

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Question 51

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One question that operations managers must answer when generating an aggregate plan is whether prices or other factors should be changed to influence demand.

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Question 52

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Which of the following is NOT an advantage of level scheduling?

A) stable employment
B) lower absenteeism
C) matching production exactly with sales
D) lower turnover
E) more employee commitment

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Question 53

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Industries in which revenue management techniques are easiest to apply are those where:

A small private university normally charges the same price -$200-per credit-hour for all courses and for all students.While the university is pretty near capacity in the fall and spring,it finds that its classrooms are only about 60 percent occupied during the summer session.A student of operations management wonders if revenue management might be useful to both the university and its students alike.This student,with help from some economics majors,estimates a demand curve for summer course enrollment.Points on this demand curve include 9000 credit-hours at the current rate of $200,12,000 credit hours at $180,15,000 credit-hours at $160,and 18,000 credit-hours at $140.Based on this demand curve,what price point would best serve the university,if its objective is the greatest revenue for the summer session?

What is the primary management challenge when implementing revenue management?

In aggregate planning,the amount of overtime and the size of the work force are both adjustable elements of capacity.

Identify the five conditions that make revenue management of interest.

The level scheduling strategy allows lower inventories than the pure chase strategy.

Fairview Industries is preparing its aggregate plan for the second half of the year.The table below contains monthly demand estimates and working days per month.Complete the table by computing total demand,demand per day (for each month),and the average requirement (in units per day)over the six-month planning horizon.Prepare a graph of forecast demand and level production,by months,for the planning period.Label your graph carefully.

Which of the following aggregate planning strategies is a demand option?

A hotel room that goes unrented and an airline seat that goes unsold are both examples of perishable inventory in services.

One of the four things needed for aggregate planning is a logical overall unit for measuring sales and output.

A manager is applying the transportation model of linear programming to solve an aggregate planning problem.Demand in period 1 is 100 units,and in period 2,demand is 150 units.The manager has 125 hours of regular employment available for $10/hour each period.In addition,50 hours of overtime are available for $15/hour each period.If holding costs are $2 per unit each period,how many hours of regular employment should be used in period 1? (Assume demand must be met in both periods 1 and 2 for the lowest possible cost and that production is 1 unit per hour. )

The use of part-time workers as an aggregate planning option may be less costly than using full-time workers,but it may also reduce quality levels.

________ is a capacity option that works especially well in the service sector where labor needs are relatively unskilled.

Which of these is among the demand options of aggregate planning?

To use revenue management strategies,a business should have which combination of costs?

Osprey Machine Works has the following demand requirements and other data for the upcoming four quarters. What is the total cost of pursuing a level aggregate plan over the coming year?

Revenue management is MOST likely to be used in which one of the following situations?

Normally,the transportation model is used to solve problems involving several physical sources of product and several physical uses of the product,as in factories and warehouses.How is it possible to use the transportation model where the "routes" are from one time period to another? Describe how this provides aggregate planners with a usable mathematical model.