5 Which of the following are Production Planning Strategies presented in the tex

Question

5 Which of the following are Production Planning Strategies presented in the textbook? a-balanced b-none of the above c-unbalanced d-un level e-level Question 6 Capacity planning for less than one month involving the daily or weekly scheduling of production is characterized by which one of the following time durations? a-inventory on hand b-none of the above c-short range d-long range e-intermediate rang Question 7 The main purpose of Aggregate Planning is to specify the optimal combination of which of the following? a-inventory on hand b-production rates c-workforce levels d-none of the above e-all the above ·[+Question 8 Which of the following are relevant cost to Aggregate Production Planning? a-backordering cost b-cost associated with change in the production rates c-all the above d-inventory holding cost e-none of the above

Explanation / Answer

(5)

When it is about 'Production Planning Strategy', it is about either Level, or Chase, Level with varying work hours, or a minimum cost Mixed strategy. Balanced/ unbalanced are concepts related to line balancing and not production planning. So, the correct answer is -

(e) Level

(6)

This is about short-range capacity planning where the timeline for the plan is less than one month. This involves daily or weekly scheduling process and making adjustments to eliminate the variance between planned and actual output. Examples include overtime, personnel transfers, and alternative production routings. So, the correct answer is -

(c) Short range

(7)

Production rate, Inventory on hand, and Workforce level are the three types of decision variables used for the aggregate planning optimal solution. So, the correct option is -

(e) All of the above

(8)

Again, the three types of cost mentioned i.e. back ordering cost, inventory carrying cost, and production rate change cost is considered relevant in aggregate production planning.

So, the correct option is -

(c) All of the above

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