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Applied Operations Management - Aggregate Planning - Revised

Management and Administration
Free Course
Aggregate planning in Operations Management is used in many business situations, such as to match supply and demand of output over time.
  • Duration

    2-3 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    NPTEL

Description

Outcome

Certification

View course modules

Aggregate planning allows a business to quantify resources that are to be procured so that they are able to budget effectively and that the total cost of operations is kept to the minimum over time. You will be introduced to the concept of aggregate planning and its use in planning for businesses.

Aggregate planning methodologies such as the tabular method and linear programming are also covered. You will discover that the tabular approach uses spreadsheets and uses the values of different variables, such as production by regular workforce. Inventory levels can be calculated by using the costs associated with production, subcontracting, overtime, back-orders, inventory and hiring. The tabular method is very popular because it is easy to understand and utilize. However, the generated solution is not always optimal and many trials and errors may be needed.

The course will familiarize you with the Linear Programming Technique. It will also introduce the Transportation Model, which can be used to obtain aggregate plans that would demand and the minimization of costs and allow balanced capacity.

This course will be of great interest to all professionals who work in the areas of operations management or general management who would like to improve on aggregate planning methods. The course will also be of interest to all learners interested in this are to progress in their careers.

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Having completed this course you will be able to:


  • Define aggregate planning
  • Describe aggregate planning methodologies
  • Describe the Tabular method
  • Describe the Linear Programming method
  • Describe the Transportation model

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Course Reviews

Paul M.
one year ago
GB
Paul M.

Over the moon really enjoying these course.

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