Asked by Ramanan Srinivasagopalan on Jun 18, 2024
Verified
In aggregate planning, the amount of overtime and the size of the workforce are both adjustable elements of capacity.
Overtime
Additional time worked beyond the regular working hours, usually compensated at a higher pay rate.
Workforce
Refers to the pool of employees or labor available to an organization or country, including both the employed and those seeking employment.
- Pinpoint the range of strategies and alternatives accessible in aggregate planning, covering demand management options, capacity adjustment options, and combined strategies.
- Gain insight into how multiple factors affect adjustments in demand and capacity within aggregate planning.
Verified Answer
AO
Adesuwa OsagieJun 24, 2024
Final Answer :
True
Explanation :
In aggregate planning, overtime and workforce size are two of the adjustable elements of capacity. This allows companies to adapt to changing demand without having to invest in new equipment or facilities. By using overtime, companies can increase production without having to hire new workers, while adjusting workforce size allows them to decrease or increase production capacity more permanently.
Learning Objectives
- Pinpoint the range of strategies and alternatives accessible in aggregate planning, covering demand management options, capacity adjustment options, and combined strategies.
- Gain insight into how multiple factors affect adjustments in demand and capacity within aggregate planning.
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