31. Corporate policies can be embedded into aggregate plans at any time during t

Question

31. Corporate policies can be embedded into aggregate plans at any time during their development. TRUE FALSE

32. Each of the 3 pure or principal aggregate planning strategies and their variations require very different amounts and forms of cost data. TRUE FALSE

33. When an aggregate planning problem is viewed as one of allocating capacity to meet forecasted demand, it can be formulated in a linear programming format. TRUE FALSE

34. ‘Service level’ is the chance, measured in percent, that there will be a stockout. True FALSE

35.   Safety stock is ignored when computing the reorder point under variable demand.
                                           TRUE         FALSE

Explanation / Answer

31. Corporate policies can be embedded into aggregate plans at any time during their development. TRUE

32. Each of the 3 pure or principal aggregate planning strategies and their variations require very different amounts and forms of cost data. FALSE

33. When an aggregate planning problem is viewed as one of allocating capacity to meet forecasted demand, it can be formulated in a linear programming format. TRUE

Aggregate planning problem can be solved by Linear Programming

34. ‘Service level’ is the chance, measured in percent, that there will be a stockout. FALSE

Service level is the chance, measured in percent, that there will not be a stockout.

35.   Safety stock is ignored when computing the reorder point under variable demand.   FALSE

Reorder Point = Demand during lead time * lead time + safety stock

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