Solving for optimal solution to aggregate planning problem

Assignment Help Operation Management
Reference no: EM131148612

When Discussing several advantages of linear programming and clearly explain the reasons for my choices. Our text defines linear programming as "a way of solving for the optimal solution to an aggregate planning problem". Linear programming has a few advantages, such as determining production between regular and overtime hours, including additional shifts, and inventory carryover. Unlike a graphing method, linear programming provides more accurate results and expectations. There have been several studies conducted on the quality of work producted during regular hours vs. overtime hours. My office has taken great interest in these studies because, for a time, they had been paying a lot of money out to employees for overtime hours but were not seeing much of a jump in production. Through linear programming, it can be found that work produced during overtime is not as efficient or quality as during normal hours. The same can be said for additional shifts. Adding additional shifts does not always produce the desired results of increased productivity. Inventory carryover is important for a few reasons. Maintaining sufficient supply to meet upcoming monthly demands and ensuring the inventory is being sold at a sufficient rate and not stockpiling allows a company to gauge what the true demand is for that product. Using linear programming will allow a business to determine the optimal amount of sales needed in order to roll inventory sufficiently. WHAT ARE YOUR THOUGHTS ON THIS RESPONSE? EXPLAIN

Reference no: EM131148612

Questions Cloud

Prepare a flexible overhead budget : prepare a flexible budget report showing the differences (favorable and unfavorable) in manufacturing overhead costs for the month of March.
What does it mean to segment market : What does it mean to segment a market and why do we do it? List the types of potential segmenting dimensions and choose a product that you use or would like to buy. Explain which you would apply first, second and third for this business or product an..
Explain different types of scanning and scanning methodology : Analyze the key tools available for scanning a network. Recommend one (1) scanning tool for a hacker and one (1) scanning tool for a security administrator that you believe provide the greatest protection for a network. Indicate which of the chose..
How did the financial crash impact you and your family : After watching the Inside the Financial Crash video, how did this financial crash impact you, your family, a career you may have been laid-off from, and/or someone you know that were affected?
Solving for optimal solution to aggregate planning problem : When Discussing several advantages of linear programming and clearly explain the reasons for my choices. Our text defines linear programming as "a way of solving for the optimal solution to an aggregate planning problem". Linear programming has a few..
What would be fv if interest rate is a simple interest rate : What would be the FV if the interest rate is a simple interest rate? What would be the FV if the interest rate is a compound interest rate?
Discuss roles of cytokines and integrins in wound healing : Roles of cytokines in angiogenesis and communication between key cells of the healing mechanisms. Role of integrins in re-epitheliasation of wounds etc.
When discussing several disadvantages of linear programming : When Discussing several disadvantages of linear programming; clearly explain the reasons for your choices. My mind logically thinks that disadvantages to linear programming would be any production problem that may not fit the four requirements. “A me..
Effect of calcium in the diet on blood pressure : In a randomized comparative experiment on the effect of calcium in the diet on blood pressure, researchers divided 54 healthy white males at random into two groups

Reviews

Write a Review

Operation Management Questions & Answers

  Model for an effective communication strategy

As the owner of your fictitious company, please develop a new model for an effective communication strategy as you are not happy with the one that is currently in place.

  Describe the difference in inputs and output between a pmo

Describe the difference in inputs and output between a PMO that is customer-focused vs. PMO that is oriented to enforcement of standards.

  List the general requirements of an llc

Describe at least one advantage or disadvantage of the LLC form for the company.

  During the process what quilt shop managers analyze

Illustrates what capacity planning involves acquisition or disposal of fixed assets like buildings, equipment or facilities. Describe goals which they will pursue also decide upon specific actions for each area of the organization to take in pursui..

  Strategic management begins with the creation

Strategic management begins with the creation and execution of strategies

  Compute the safety stock quantities and the inventory cost

consider the following data.inventory itemaverage demand annualsigma std. dev. of demand during lead timeitem unit

  Piracy is no longer a problem in the modern world

Piracy is no longer a problem in the modern world. There is a growing disparity between organized crime and law enforcement. There is no connection between terrorism and drug trafficking.

  How many females and males should be in the sample

Which sampling method would be appropriate? How many females and males should be in the sample?

  Explain enterprise network management systems

She knows that you've had much experience in researching, analyzing and reporting on new technology during your academic career, and this is exactly what she needs now - for real. She has asked you to research and report on what RMON and RMON prob..

  Manufactures gourmet hot dogs and buns

Weenies and Buns is a food processing plant that manufactures gourmet hot dogs and buns. They grind their own organic whole grain wheat flour at a maximum rate of 500 lbs/week in their stone grinder. Each bun requires .1 lb of this flour. How many wi..

  About motor company supply chain

Use your own words and write about Ford Motor Company Supply Chain.

  Discuss difference between authentication and authorization

discussis the difference between authentication and authorization? can a system permit authentication without authentication?why or why not ?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd