Question: Aggregate Planning What are some industries in which aggregate planning would be particularly important and why, please explain in detail. How can aggregate planning be

Aggregate Planning

  1. What are some industries in which aggregate planning would be particularly important and why, please explain in detail.
  2. How can aggregate planning be used in an environment of high demand uncertainty?
  3. What are the main differences among the aggregate planning strategies?
  4. ABB is a distributor of herbal medicines. It imports herbal medicines in bulk and repackage them for sale to retail stores. Each worker can package 1000 bottles of herbal medicines a day. The inventory holding cost and backlog cost are $1 and $2 per month per bottle, respectively. The company has 20 employees; each of them earns $2000 a month. The demand (in thousands of bottles) and number of working days for the January to June period are shown as follows:
Month January February March April May June
Demand 400 400 620 520 420 400
Working Days 24 23 27 24 26 26

With current workforce, develop an aggregate plan when no back- logs are allowed. Will T & K Distribution save money by allowing backlogs?

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