OPS Chapter 11
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Created by:
thad_warren on April 16, 2012
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10 terms
Terms | Definitions |
|---|---|
 aggregate planning | Intermediate-range capacity planning, usually covering 2 to 12 months. |
| available-to-promise (ATP) inventory | Uncommitted inventory. |
| chase demand strategy | Matching capacity to demand; the planned output for a period is set at the expected demand for that period. |
| level capacity strategy | Maintaining a steady rate of regular-time output while meeting variations in demand by a combination of options. |
| master production schedule (MPS) | This schedule indicates the quantity and timing of planned completed production. |
| rough-cut capacity planning (RCCP) | Approximate balancing of capacity and demand to test the feasibility of a master schedule. |
| sales and operations planning | Intermediate-range decisions to balance supply and demand, integrating financial and operations planning. |
| simulation models | Computerized models that can be tested under different scenarios to identify acceptable solutions to problems. |
| time fences | Points in time that separate phases of a master schedule planning horizon. |
| yield management | The application of pricing strategies to allocate capacity among various categories of demand. |
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