Examine Guide for the Second Test Aggregate Production Planning (APP) 1 . Exactly what the major advices, constraints, and outputs of the aggregate development plan (APP)? 2 . Will APP have to be in terms of an actual product? 3.
Where does APP easily fit in the structure of ideas? 4. What exactly is pure technique? What is a blended strategy? Provide examples? Exactly how determine (judge) whether one particular plan is better than the other? 5. What is relevant (incremental) cost? Would it exist in accounting literature? 6. Can it be appropriate for an organization, which competes on the basis of quality, to construct a chase plan?
Explain and give examples if necessary? 7. What is the major cost (excluding standard production cost) for the exact level plans? almost eight. Describe the (computational) actions involved in constructing a level prepare? 9. What is the major price (excluding standard production cost) for the chase prepare? 10. Precisely what is backordering? It is usually mixed with what other type of technique? (Hint: The example within the handout. ) 11. Set up in order of accelerating cost (left to proper, from least to most expensive): overtime, subcontract, backorder? doze. Describe the APP approach (including their very own competitive priorities)
Japanese car suppliers used in 1980s. 13. Each of the problems given and/or done in class. Concentrate on the practice problems (for the test) and concerns on the handout. Do not be anxious too much about the problems in the book. But read the book. Foretelling of 1 . Do forecasting reliability increase or perhaps decrease since the planning distance increases? installment payments on your Do predicting accuracy boost or reduce as items are grouped (aggregated? ) several. What is Delphi method? Why is it function? 4. What problems do you see with sales force composite resin estimate? a few. What is causal (associative) forecasting? 6. What is time series forecasting?. What are the components of the time series? 8. Which statistic do we value to choose between two forecasting methods? 9. In using basic exponential smoothing, what do all of us do whenever we do not have a forecast for the initial period? twelve. Which element of time series do we smoothen with rapid smoothing? With moving uses? 11. Like a forecasting strategy, is dramatical smoothing usually better than going averages? 12. What happens whenever we increase alpha dog[pic]? Happen to be we providing more or less weight to most recent data? 13. In general, carry out weighted shifting averages give more or less fat to more modern data? some. What is the between CRAZY and MAPE? 15. All of the problems (assigned and/or done in class. ) Inventory Supervision 1 . How much does inventory perform for a organization? Why do we make it? 2 . Precisely what is dependent products on hand? What is independent inventory? How do you plan and control each? 3. What is EOQ? How exactly does an EOQ/ROP system work? 4. Precisely what is the relationship among annual purchasing and transporting costs? So why? 5. What is ABC research? 6. Identify Wheeled Coach’s ABC category. How do each uses it? (Hint: Cycle counting)? 7. What is cycle counting? Why do we take action? 8.
Will you forecast the necessity for components? Why (Why not? )? 9. Where do EOQ, optimal twelve-monthly ordering, optimal annual carrying, and ideal (minimum) total (annual) products on hand costs embark on the cost profile? Know the chart for the charge profile intended for Exam 2. 10. Every one of the problems (done or given. ) As well, the computation of the optimal total price, optimal quantity of orders annually, order pattern time and deterministic reorder point. 11. What is the method for the reorder level? What are both major classes? * MAKE SURE YOU PUT ALL YOUR FORMULAS IN YOUR COPY LINEN *
