02 Jun Question Ch 1: Critical Thinking Exercise 2 (p. 37)
Question
Ch 1: Critical Thinking Exercise 2 (p. 37)
2. Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?
Ch 2: Discussion & Review Question 2 (p. 64), Problem 3 (p. 65)
2. List the key ways that organizations compete.
3. Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. What do the productivity figures suggest? Assume 40-hour weeks and an hourly wage of $12. Overhead is 1.5 times weekly labor cost. Material cost is $6 per pound.
Ch 11: Discussion & Review Questions: 3 & 7 (p. 502, p. 503), Problem 4 (p. 503)
3. What is aggregate planning? What is its purpose?
7. Briefly discuss the advantages and disadvantages of each of these planning strategies:
a. Maintain a level rate of output and let inventories absorb fluctuations in demand.
b. Vary the size of the workforce to correspond to predicted changes in demand requirements.
c. Maintain a constant workforce size, but vary hours worked to correspond to predicted demand requirements.
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