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6 Cards in this Set
- Front
- Back
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External Inputs to Production Planning System
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1. competitor's behavior
2. raw material availability 3. external capacity 4. market demand 5. economic conditions |
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Internal Inputs to Production Planning System
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1. current physical capacity
2. current workforce 3. inventory levels 4. activities require for production |
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3 Types of Production Planning Strategies
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1. chase
2. stable work force- variable hours 3. level strategy |
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Relevant Costs to Aggregate Production Planning
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1. basic production costs
2. costs associated with changes in production rate 3. inventory costs 4. backordering costs |
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Cut-and-try Aggregate Planning
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involves costing out various production planning alternatives and selecting the best one
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When is Yield Management Most Effective?
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1. demand can be segmented by customer
2. fixed costs are high and variable costs are low 3. inventory is perishable 4. product can be sold in advance 5. demand is highly variable |
