Encyclopedia of administration covers greater than three hundred themes in administration theories and functions, written through lecturers and company execs. All info has been reviewed and edited by means of the esteemed Dr. Marilyn M. Helms, sesquicentennial endowed chair and professor of administration at Dalton kingdom collage.
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Additional info for Encyclopedia of Management (6th Edition)
Aggregate planning is considered to be intermediateterm (as opposed to long- or short-term) in nature. Hence, most aggregate plans cover a period of three to eighteen months. Aggregate plans serve as a foundation for future short-range type planning, such as production scheduling, sequencing, and loading. ’’ Steps taken to produce an aggregate plan begin with the determination of demand and the determination of current capacity. Capacity is expressed as total number of units per time period that can be produced (this requires that an average number of units be computed since the total may include a product mix utilizing distinctly different production times).
When capacity is dictated somewhat by machine capability, reasonably accurate measures of capacity are not extremely difficult to develop. However, services generally have variable processing requirements that make it difficult to establish a suitable measure of capacity. Historically, services are much more labor intensive than manufacturing, where labor averages 10 percent (or less) of total cost. This labor intensity can actually be an advantage because of the variety of service requirements an individual can handle.
New York: Wiley, 2001. Dolan, Pat, and Karen I. Schreiber. ’’ Supply House Times 40, no. 4 (1997): 41–52. , and Eric W. Noreen. Managerial Accounting. 9th ed. Boston: Irwin McGraw-Hill, 1999. Hicks, Douglas T. Activity-Based Costing: Making It Work for Small and Mid-Sized Companies. 2nd ed. New York: Wiley, 2002. , Gary L. Sundem, and William O. Stratton. Introduction to Management Accounting. 11th ed. Upper Saddle River, NJ: Prentice Hall, 1999. Karolefski, John. ’’ Food Logistics 18 (15 June 2004).
Encyclopedia of Management (6th Edition)