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Ferrin's Final Exam Pt. 5 questions well answered to pass
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Ferrin's Final Exam Pt. 5 questions well answered to pass
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Ferrin's Final Exam Pt. 5Costs are relevant to aggregate planning? - correct answer ✔✔Backordering costs
Which of these approaches to aggregate planning involves the development of several alternative
aggregate plans? - correct answer ✔✔Cut and try
Which of these are considered external to the firm? - correct answer ✔✔Raw material available &
competitors behavior
Competitor behavior and economic conditions
Which of these are considered internal to the firm? - correct answer ✔✔Current workforce and physical
capacity
Basic category of production planning strategy? - correct answer ✔✔Level
Which of these is considered a "pure" production planning strategy? - correct answer ✔✔Stable
workforce, variable hours
A _____ production planning strategy involves matching the production output to demand by hiring and
laying off employees as demand varies - correct answer ✔✔Chase
A _____ production planning strategy involves maintaining a stable workforce at a constant output rate
while shortages and surplus are absolutely fluctuating - correct answer ✔✔Level
Yield management is most effective under which circumstances? - correct answer ✔✔Inventory is
perishable
Yield management is least effective under which circumstances? - correct answer ✔✔Demand is stable
& close to capacity
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