Study Guide for the Second Exam Aggregate Production Planning (APP)

Study Guide for the Second Exam Accumulated Assembly Planning (APP) 1. What are the above inputs, constraints, and outputs of the accumulated assembly plan (APP)? 2. Does APP accept to be in agreement of a absolute product? 3. Where does APP fit in the bureaucracy of plans? 4. What is a authentic strategy? What is a alloyed strategy? Accord examples? How do we actuate (judge) whether one plan is bigger than the other? 5. What is accordant (incremental) cost? Does it abide in accounting books? 6. Is it adapted for a company, which competes on the base of quality, to assemble a hunt plan? Explain and accord examples if necessary? 7. What is the above amount (excluding approved assembly cost) for the akin plans? 8. Describe the (computational) accomplish complex in amalgam a akin plan? 9. What is the above amount (excluding approved assembly cost) for the hunt plan? 10. What is backordering? It is usually alloyed with what alternative blazon of strategy? (Hint: The archetype on the handout. ) 11. Arrange in adjustment of accretion amount (left to right, from atomic to best expensive): overtime, subcontract, backorder ? 12. Describe the APP action (including their aggressive priorities) Japanese car manufacturers acclimated in 1980s. 13. All the problems assigned and/or done in class. Concentrate on the convenance problems (for the test) and problems on the handout. Do not anguish too abundant about the problems in the book. But apprehend the book. Forecasting 1. Do forecasting accurateness access or abatement as the planning border increases? 2. Do forecasting accurateness access or abatement as items are aggregate (aggregated? ) 3. What is Delphi method? What makes it work? 4. What problems do you see with sales force blended estimate? 5. What is causal (associative) forecasting? 6. What is time alternation forecasting? . What are the apparatus of time series? 8. Which accomplishment do we use to accept amid two forecasting methods? 9. In application simple exponential smoothing, what do we do if we do not accept a anticipation for the aboriginal period? 10. Which basic of time alternation do we abrade with exponential smoothing? With affective averages? 11. As a forecasting technique, is exponential cutting consistently bigger than affective averages? 12. What happens back we access alpha[pic]? Are we giving added or beneath weight to added contempo data? 13. In general, do abounding affective averages accord added or beneath weight to added contempo data? 4. What is the aberration amid MAD and MAPE? 15. All the problems (assigned and/or done in class. ) Account Management 1. What does account do for a company? Why do we backpack it? 2. What is abased inventory? What is absolute inventory? How do you plan and ascendancy each? 3. What is EOQ? How does an EOQ/ROP arrangement work? 4. What is the accord amid anniversary acclimation and accustomed costs? Why? 5. What is ABC analysis? 6. Describe Wheeled Coach’s ABC classification. How do they use it? (Hint: Aeon counting)? 7. What is aeon counting? Why do we do it? 8. Do you anticipation the appeal for components? Why (Why not? )? 9. Where do EOQ, optimal anniversary ordering, optimal anniversary carrying, and optimal (minimum) absolute (annual) account costs go on the amount profile? Know the blueprint for the amount contour for Exam II. 10. All the problems (done or assigned. ) Also, the ciphering of the optimal absolute cost, optimal cardinal of orders per year, adjustment aeon time and deterministic alter point. 11. What is the blueprint for the alter point? What are the two above categories? * MAKE SURE YOU PUT ALL YOUR FORMULAS ON YOUR COPY SHEET *

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