Assignment on aggregate planning assignment

Aggregate Planning Assignment

1. In general, under what conditions might a firm favor a level production plan over a chase plan?  A chase production plan over a level plan?

2. Why is it important to update a sales and operations plan on a regular basis, using a rolling time horizon approach?

3. What is the major difference between aggregate planning in manufacturing and aggregate planning in services?

4. You have been given the following information about production of a product for ABC Company:

Facts given

Cost perunit:

$ 1250

OT cost per unit:

$ 18.75

Holding cost:

$ 11100

Lahorhrf unit

8

Labor h rs per emp per month

150.00

Plant capacity

1,800

Cost to hire train emp

$ 801100

Cost to fire emp

$ 500110

Beginning/ ending workforce

90

Beginningimrentory

500

 

Demand (in units)

Period 1

1,710

Period 2

2,160

Period 3

1,440

Period 4

1,200

Period 5

Z048

Period 6

2,400

Period 7

1,740

Period 8

1,500

a. Develop a level production plan for ABC Company.  NOTE: The beginning and ending inventory units should be 500 units.

b. Develop a chase production plan for ABC Company.  NOTE: The beginning and ending inventory units should be 500 units.

c. If you had to recommend a plan, which would you choose?  What are the advantages / disadvantages of this recommended plan?

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