i attached slides that could help

3. What are the supply related options for aggregate planning? Explain each of them clearly discussing their relative advantages and disadvantages. Aggregate Planning Options (Ref. pg.469) Option Advantages Disadvantages Some Comments Supply Options Changes in human Inventory holding Applies mainly to Changing resources are cost may production, not increase. gradual or none; inventory service, levels no sudden Shortages may operations production result in lost changes sales. Varying Avoids the costs of Hiring, layoff, and Used where size workforce size other alternatives training costs of labor pool is by hiring or may be significant large layoffs Aggregate Planning Options (Ref. pg.470) Option Advantages Disadvantages Some Comments Varying Matches seasonal Overtime Allows flexibility production fluctuations premiums; tired within the rates without hiring workers; may not aggregate plan through training costs meet demand overtime or Idle time Sub- contracting Permits flexibility Loss of quality and smoothing of control; reduced the firm's output profits; loss of future business Applies mainly in production settings Aggregate Planning Strategies (Ref. pg 468) Advantages Disadvantages Some Comments Option Using part- time workers Is less and more flexible than full-time workers High furnover training costs; quality suffers: scheduling difficult Good for unskilled jobs in areas with large temporary labor pools