Key Terms

strategic business plan 507

sales and operations planning 507

marketing plan 507

aggregate plan 507

financial plan 508

engineering plan 508

master production schedule 508

level aggregate plan 509

chase aggregate plan 510

hybrid aggregate plan 511

demand-based options 511

capacity-based options 511

finished goods inventory 512

back orders 512

shifting demand 512

overtime 512

undertime 513

subcontracting 513

hiring and firing 513

point of departure 514

magnitude of the change 515

duration of the change 515

yield management 524

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