The adjustment of price to maximize the revenue obtained from available capacity that will be lost if not used is referred to as
A) anticipation inventory.
B) yield management.
C) workforce adjustment.
D) chase strategy.
Which one of the following statements concerning production and staffing plans is best?
A) When production and staffing plans are made, aggregation can be performed only along two dimensions: products and time.
B) The impact of production and staffing plans cuts across several functional areas of the firm.
C) Production and staffing plans specify production rates, workforce levels, and inventory holdings, but do not account for capacity limitations because they are aggregated.
D) Production and staffing plans attempt to achieve several objectives, all of which must be consistent with one another.
Which one of the following statements about aggregate planning is best?
A) When a firm wants to emphasize stability in its workforce, it should adopt a level production planning strategy.
B) A make- to- stock production plan that wants to emphasize plant utilization should adopt a chase production strategy.
C) When a firm wants to minimize its inventory investment, it should use a level production planning strategy.
D) A make- to- stock production plan that wants to minimize changes in production rates should adopt a chase production planning strategy.
Which one of the following approaches for scheduling customer demand would be appropriate for a dentist?
C) service on demand