Aggregate Planning

Aggregate Planning Aggregate planning is a very critical tool for both manufacturing and services companies. It is concerned with determining the quantity and timing of production in order to meet forecasted demand at the lowest cost possible and by maintaining the quality of the product at the same time. Aggregate planning is the functional role of operational managers. It involves making scheduling decisions that address issues of matching production to meet changes in demand (Heizer and Render, p. 512).Advertising We will write a custom case study sample on Aggregate Planning specifically for you for only $16.05 $11/page Learn More Aggregate planning entails controlling of inventories, production rates, number of workers, production capacity, and other production variables. The elements are achieved through various strategy options that classified as either capacity options or demand options (Heizer and Render, p. 514). There are various capacity option strategies that ope ration managers in manufacturing and some services firms can utilize in aggregate planning to meet demand forecasts in future. Changing inventory level strategy is a capacity option where the manager makes adjustments in the level of inventory in order to meet future demand. Some operations managers can match firm production rate requirements. The other strategy is varying of production rates through overtime or idle time. Firms operations department may also use subcontracting strategy option so as to acquire short term capacity requirements during peak demand periods (Heizer and Render, p. 515). The last capacity strategy that can be utilized by operations managers is the use of part-time workers. Influencing demand is a demand strategy that firms try to increase demand for their product through advertising, personal selling, discounts, and promotions. Companies can also use â€Å"back ordering† during high demand periods (Heizer and Render, p. 516) as aggregate planning s trategy. Finally, firms can also use counter-seasonal product and service mixing as one of the demand option (Heizer and Render, p. 517). Operations managers utilize a number of aggregate planning techniques. The most popular technique is the graphical approach that is easy to understand it contains few variables. The other methods are mathematical approaches that tend to give optimal plans in minimizing cost and revenues (Heizer and Render, p. 524). Question Total weakly demand Sum of all warehouse demand = (9,000 + 13,000 + 11,000 + 15,000 + 8,000) Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More = 56,000 units Plant capacity per week Plant 1 = (27,000 + 7,000) = 34,000 units Plant 2 = (20,000 + 5,000) = 25, 000 units Plant 3 = 25,000 + 6,000 = 31,000 unitsAdvertising We will write a custom case study sample on Aggregate Planning specifically for you for only $1 6.05 $11/page Learn More Production cost of each plant in operation and out of operation Plant 1 in operation= variable costs per unit + operating cost = [(2.80 x 27,000) + (3.52 x 7,000)] + 14,000 = 100,240 +14,000 = $114, 240 Plant 2 in operation = [(2.78 x 20,000) + (3.48 x 5,000) + 5000 = 73,000 + 5000Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More = $78,000 Plant 3 in operation = [(2.72 x 25,000) + (3.42 x 6,000)] + 7500 = 88,520 + 7500 = $96,020 Distribution costs Plant 1 average distribution cost = (.50 + .44 + .49 + .46 + .56) x 34,000 = 2.45 x 34,000 = $83,300 Plant 2 = (.40 + .52 + .50 + .56 + .57) x 25,000 =2. 55 x 25,000 = $63,000 Plant 3 = (.56 + .53 + .51 + .54 + .35) x 31,000 = 2.45 x 31,000 = $75,950 Configuration combinations = Plant 1 costs + Plant 2 cost = (operation cost + Distribution cost) = (114,240 + 83,300) + (78,000 + 63,000) = 197,540 + 141,000 = $338540 Plant 1 costs + Plant 3 cost = 197,540 + (96,020 + 75,950) = 197,540 + 171,970 = $369,510 Plant 2 costs + Plant 3 cost = 141,000 + 171,970 = 312,000 The configuration of plant 2 and 3 minimizes total cost of production and distribution. This configuration as meets the exact weekly demand of 56,000 units. Plant 1 should be closed down since it the production costs and distribution costs are the highest. This implies that the company is going to save a to tal sum of $ (197,540 – 6,000) = $191,000 at the same time meeting the forecasted weekly demand of 56,000 units. Work Cited Heizer, Jay H, and B. Render. Principles of Operations Management. Upper Saddle River, New Jersey: Pearson Prentice Hall, 2006. Print.

70 Words and Phrases to Identify a Horse

70 Words and Phrases to Identify a Horse 70 Words and Phrases to Identify a Horse 70 Words and Phrases to Identify a Horse By Mark Nichol An extensive vocabulary surrounds the various subjects pertaining to horses. Below is a list of contemporary and historical words and phrases referring to horses distinguished by characteristics such as color or type of use (but not by breed- hundreds of distinct breeds exist). Some entries also include other meanings for the terms. 1. bay: a reddish-brown horse 2. black: a black horse 3. bronco: a wild horse of North America’s western region 4. buckskin: a yellowish horse with a dark mane and tail; also, the skin of a deer and the leather produced from it, or, previously, to a person dressed in such leather 5. carriage horse: a horse selected, based on appearance and graceful gait, to draw a carriage 6. cart horse: a horse used to draw heavy loads 7. charger: a horse ridden in battle, tournaments, or parades; also, a large platter 8. chestnut: a grayish-brown or reddish-brown horse; also, a type of tree, the wood of the tree, or the nuts produced by the tree (and to the horse chestnut, a separate species), as well as a callus on a horse’s leg or a tired joke, expression, or song 9. chunk: a strong, stocky horse smaller than a draft horse; also, a large or thick amount or part of something 10. cob: a stocky, short-legged horse; also, an ear of corn or the core of it, a male swan, a clay-and-straw mixture for building structures, or a type of Spanish coin 11. cold blood: any one of various breeds of horses bred for calmness and strength 12. colt: a young male horse; also, a young, inexperienced person or a member of a youth sports team 13. courser: an energetic, fast horse 14. cow horse: a saddle horse trained for herding cattle 15. cow pony: see â€Å"cow horse† 16. cutting horse: a saddle horse trained to separate animals from a herd 17. destrier: see charger 18. dobbin: a slow horse, or a horse used on a farm 19. draft horse: see â€Å"cart horse† (also spelled, in British English, â€Å"draught horse†) 20. dun: a grayish-yellow horse with a dark mane and tail; also, that color, or drab and dull 21. feral horse: a free-roaming horse of domesticated ancestry, often loosely referred to as a â€Å"wild horse† 22. field hunter: see hunter 23. filly: a young female horse; also, a girl or a young woman 24. foal: a horse less than a year old; the phrase â€Å"in foal† means â€Å"pregnant† 25. galloper: a fast horse 26. gelding: a castrated horse 27. grade horse: a horse of unknown breed or mixed breed 28. hack: a horse available for hire, a worn-out horse, or an easygoing saddle horse (and see hackney); also, a ride on a horse, a vehicle that can be hired for transportation or its driver, a person (especially a writer) who works primarily for financial gain, an inexperienced or inept athlete, or a computer expert or someone who accesses a computer or a computer system to steal information or cause damage (or an instance of such an act) 29. hackney: a horse for riding or driving (and, capitalized, a breed of small, high-stepping horse); also, a vehicle that can be hired for transportation 30. hot blood: any one of various breeds of horses bred for agility and speed 31. hunter: a strong horse used in fox hunting and stag hunting; also, a person who hunts wild animals or a dog trained to help in hunting, or a person who searches for something (as a treasure hunter), or a type of pocket watch 32. Iberian horse: any one of various breeds of horse once bred in Spain and Portugal 33. jade: a worn-out or temperamental horse; also, a flirtatious or disreputable girl or woman 34. jennet: previously, a small horse from Spain; also, a donkey or a stallion-donkey hybrid (also called a jenny) 35. mare: a mature female horse (or other similar animal); also, a supernatural being that was said to cause nightmares 36. mount: a saddle horse (and an instance of riding a horse, especially in a race); also, a frame or a support, or a mound or a mountain 37. mustang: a small, strong wild horse of North America’s western region; also, a commissioned officer in the military who began service as an enlisted person 38. nag: an old, worn-out horse; also, someone who annoys with repeated complaints or comments 39. Oriental horse: any one of various breeds of horse bred in the Middle East 40. pack horse: a horse used for carrying supplies 41. paint: a horse with patches of white and another color (sometimes distinguished from pinto to describe a pinto with quarter horse or Thoroughbred ancestry); also, a liquid layer applied to an object or structure, or slang for makeup or, in basketball (as â€Å"the paint†), the free throw lane 42. palfrey: a saddle horse other than one ridden in battle, or a small, easygoing horse to be ridden by a lady 43. palomino: a light cream or golden horse 44. piebald: a horse (or any other animal) spotted with white and another color, especially black; also, a spotted pattern like this 45. pinto: see paint 46. plug: see nag; also, something used to connect devices or to stop a hole or something resembling one, a piece of compressed tobacco, or a favorable mention that provides good publicity 47. polo pony: a horse used in the sport of polo 48. pony: a small, stocky horse (or in plural form, as slang, racehorses); also, a small glass for beer or liqueur, or a word-for-word translation of a text in a foreign language, especially when used to cheat on an examination 49. quarter horse: a small, strong horse good at running fast for short distances 50. racehorse: a horse bred and trained for competitive racing 51. riding pony: one of several types of horse used in competitive horseback riding 52. road horse: a horse used for pulling a carriage on a road 53. roan: a horse whose hide has white hairs mixed with a darker color; also, such a mixture, especially with a base of red 54. rouncey: an all-purpose horse ridden during the Middle Ages, as distinct from a warhorse (also spelled rouncy or rounsey) 55. saddle horse: a horse used for riding 56. show hunter: a hunter (see hunter) used in competitive horseback riding rather than for hunting 57. show pony: a type of riding pony (see â€Å"riding pony†) 58. skate: see nag; also, a shoe or an attachment for a shoe equipped with wheels (for rolling on a hard surface) or a blade (for sliding on ice), or a period of skating, or a flat fish with large fins, or slang for man 59. skewbald: a horse with patches of white and any other color than black 60. sorrel: a brownish-orange or light brown horse (or other animal); also, that color, or any one of several plants that produce a sour juice 61. sport horse: a horse used in various horseback-riding competitions (also spelled sporthorse) 62. stallion: an adult male horse (or other animal), especially one used for breeding 63. steed: a horse that is ridden, especially an energetic one 64. stock horse: a horse used in herding cattle 65. thoroughbred: a horse (or other animal) whose parents are from the same breed; technically, in capitalized form, a particular breed often bred for racing 66. trotter: a horse trained to trot in races; also, a pig’s foot used in cooking 67. warhorse: a large horse ridden in battle; also, a person with much experience (especially a politician or a soldier) or a familiar piece of visual or performing art 68. warmblood: any one of various breeds of horses bred to combine the characteristics of cold-blood and hot-blood types of horse 69. workhorse: a horse used for work other than riding, driving, or racing; also, a dependable, hardworking person or machine 70. working hunter: a type of show hunter (see â€Å"show hunter†) used in fence-jumping competition Want to improve your English in five minutes a day? 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