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Question
Using the cut-and-try method for aggregate operations planning we can determine the production requirement in units of product. If the beginning inventory is 100 units, the demand forecast is 1,200 and the necessary safety stock is 20% of the demand forecast, which of the following is the production requirement?
A. 1,200
B. 1,300
C. 1,340
D. 1,500
E. 1,540
Answer
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Related questions
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Which of the following aggregate operations planning methods tests alternative plans through trial and error, results in a non-optimal solution and is simple to develop and use?
A. Linear decision rules
B. Linear programming
C. Graphing and charting
D. Simulation
E. Transportation method
Q:
An advantage of the Level strategy for aggregate operations planning is which of the following?
A. Total costs through the entire system are minimized
B. There is a smooth flow throughout the production system
C. There is variety for the workers through the mixing of models produced
D. The risk of backorders is minimized
E. Customer service is improved
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A "rate fence" is a person who purchases a service at list price and later sells the service at a premium to another person. This practice is often illegal or restricted as in "scalping" of tickets to a sporting event.
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A mathematical technique that is only used in aggregate planning for service operations is the transportation method of linear programming.
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The aggregate operations plan differs in virtually every aspect in service operations as contrasted with manufacturing operations.
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The objective of the aggregate operations plan is to minimize the cost of resources required to meet demand over the intermediate term of 3 to 18 months.
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Name the four basic types of forecasting?
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If the intercept value of a linear regression model is 40, the slope value is 40 and the value of X is 40, which of the following is the resulting forecast value using this model?
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E. 100
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A company wants to generate a forecast for unit demand for year 2009 using exponential smoothing. The actual demand in year 2008 was 120. The forecast demand in year 2008 was 110. Using this data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2009 forecast value?
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B. 110
C. 111
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The exponential smoothing method requires which of the following data to forecast the future?
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Which of the following forecasting methodologies is considered a causal forecasting technique?
A. Box Jenkins Technique
B. Weighted moving average
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For every forecasting problem there is one best forecasting technique.
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Exponential smoothing is always the most accurate of all forecasting models.
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Box-Jenkins forecasting models deliver very precise forecasts and are most useful to people with unsophisticated analytical backgrounds.
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Cyclical influences on demand are often expressed graphically as a linear function that is either upward or downward sloping.
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SAP Business One is a special version of SAP software designed for small and medium-sized firms. According to the text, SAP Business One modules do not include which of the following?
A. Procurement monitoring
B. Inventory and warehouse management
C. Financial reporting
D. Manufacturing reporting
E. Order fulfillment analysis
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