EBK PRINCIPLES OF OPERATIONS MANAGEMENT
EBK PRINCIPLES OF OPERATIONS MANAGEMENT
11th Edition
ISBN: 9780135175644
Author: Munson
Publisher: VST
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Chapter 13, Problem 11DQ
Summary Introduction

To define: The relationship between aggregate planning and master production schedule

Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

Master production scheduling is the planning process that helps to plan for the individual supplies of the product to be produced in a certain period of time.

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What is the relationship between the aggregate plan andthe master production schedule?
Explain the various costs associated with aggregate planning?
Deb Bishop Health and Beauty Products has developed a new shampoo and you need to develop its aggregate schedule. The cost accounting department has supplied you the cost relevant to the aggregate plan and the marketing department has provided a​ four-quarter forecast.    the​ four-quarter forecast. Quarter Forecast 1 1,400 2 1,100 3 1,700 4 1,300    aggregate plan. Costs Previous​ quarter's output 1,600 units Beginning inventory 0 units Stockout cost for backorders ​$55 per unit Inventory holding cost ​$11 per unit for every unit held at the end of the quarter Hiring workers ​$50 per unit Layoff workers ​$75 per unit Unit cost ​$35 per unit Overtime ​$20 extra per unit Subcontracting Not available   Your job is to develop an aggregate plan for the next four quarters. Part 2 ​a) Try hiring and layoffs​ (to meet the​ forecast) as necessary ​(enter your responses as whole​…
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