$9$:$40$

$1$:$46$

STUDENT Exam#$3$V$1$

Done

Last Namo.

First

Name: $q,$ ore: $q,$

Twenty $21$ multiple choice questions with answers a through e$,$ each worth $4\mathrm{.}3$ points $(90$ points$)$ Two math problems worth $10$ points each $(20$ points$).$ Pick Three $(3)$ discussion questions out of the four $(4)$ choices worth $13\mathrm{.}4$ points each $(40).$

Complete just three. Total points $=150.$ You must turn in all exam documents to the professor and supply problem documentation as we have done all semester long.

In a chase strategy of aggregate production planning, variations in demand cannot be absorbed by which of the following?

a$.$ subcontracting

b$.$ hiring$/$layoff

c$.$ inventory$/$backordering

d$.$ overtime$/$undertime

e$.$ extra shifts

The basic goal of aggregate planning is to balance:

a$.$ capacity and demand

b$.$ capacity and costs

c$.$ capacity and inventories

d$.$ demand and backorders

e$.$ demand and costs

In a chase strategy of Aggregate Production Planning:

a$.$ no hiring or layoff costs will be incurred

b$.$ no overtime costs will be incurred

c$.$ no back$-$order costs are likely to be incurred

d$.$ no inventory carrying costs are likely to be incurred

e$.,c$ and $d$ are true

Which of the following statements IS TRUE concerning aggregate production planning?

a$.$ the demand forecast is a key input

b$.$ it is prepared for product families

c$.$ production planning strategies usually involve trade$-$offs among the workforce size, work hours, inventory, and backlogs

d$.$ its objective is to determine the quantity and timing of production for the next $6$ to $18$ months

e$.$ all of the above are true