Business Finance Homework Help

Business Finance Homework Help. Aggregate Planning , management homework help

In 4-5 sentences, respond to the following:

According to our textbook, “One aggregate planning strategy is not always preferable to another.” The strategy depends on the demand distribution, competitive position, and cost structure of a business or product line.

I think the best method to use is the linear programming method, which is an optimization technique that allows the user to find a maximum profit or revenue or a minimum cost based on the availability of limited resources and certain limitations. Is a great method to use when demand and costs are linear to each other.

The linear decision rule, it seeks to minimize total production costs (labor, overtime, hiring/lay off, inventory carrying cost) using a set of cost-approximating functions (three of which are quadratic) to obtain a single quadratic equation. Then, by using calculus, two linear equations can be derived from the quadratic equation, one to be used to plan the output for each period and the other for planning the workforce for each period.

The search decision rule and management coefficient model are both better suited in service industries so it doesn’t apply to this question.

Business Finance Homework Help

 
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