Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed that beginning inventory is 2,000 units, your plan should provide an ending inventory for the year equal to 500 units, and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production? Selected Answer: 5,375 units Correct Answer: 5,375 units Answer Feedback: (pp. 295,[(6000 + 5500 + 5000 + 6500) + 500 - 2000]/4 = 5375) Aggregate planning is concerned with matching supply and demand of output over a short time range of 2 to 3 months. Selected Answer: False Correct Answer: False Answer Feedback: (pp. 285, Aggregate planning is medium-term capacity planning.) Measured by the mean absolute deviation, which of the forecast methods (1, 2 or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below?

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jordancarter 7 months ago

This study guide is clear, well-organized, and covers all the essential topics. The explanations are concise, making complex concepts easier to understand. It could benefit from more practice questions, but overall, it's a great resource for efficient studying. Highly recommend!

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