In order to see if we have enough class rooms, faculty, etc., the university tak
ID: 371644 • Letter: I
Question
In order to see if we have enough class rooms, faculty, etc., the university takes next year's forecasted "total student credit hours", and makes rough calculations using the average class size, average teacher load, etc. Based on this, actions for hiring new faculty or seeking additional rooms can be taken. This approach can be termed
forecasting
material requirements planning
aggregate planning
demand management
1.forecasting
2.material requirements planning
3.aggregate planning
4.demand management
Explanation / Answer
Answer is No. 3 Aggregate planning.
Aggregate planning is a process of developing, analyzing and maintaining approximate schedule of the overall operation of the organization and capacity. It generally contain a target of the sales forecasting, production level and inventory level.