PPT-Aggregate Planning

Operations Management Dr Ron Lembke Learning Objectives Describe planning Distinguish the types of plans Define aggregate scheduling Relate aggregate scheduling to the overall planning process. POWERPOINT JEOPARDY. LRAS. AS. AD. Multipliers. FP. 50. 40. 30. 20. 10. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. 10. 20. 30. 40. 50. Automatic stabilizers act like:. automatic . expansionary fiscal policy when the economy is in an inflation. . 11. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Assumptions and Simplifications. Use the Keynesian aggregate expenditures model. Prices are fixed. 12. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Aggregate Demand. Real GDP desired at each price level. Inverse relationship. Real balances effect. Chapter 11. Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Chapter 11: Learning Objectives. Aggregate Demand. Aggregate Demand slopes downward like other demand curves, but for different reasons.. Aggregate Demand. An increase in the aggregate price level will cause real spending to decrease. This is seen as a movement upward along a given AD curve. Dr. Ron Lembke. Learning Objectives. Describe planning. Distinguish the types of plans. Define aggregate scheduling. Relate aggregate scheduling to the overall planning process. Explain aggregate scheduling options. Today:. Aggregate demand. Why is it downward sloping?. Factors that affect the aggregate demand. Aggregate supply. Long-run aggregate supply. Short-run aggregate supply. Why is it upward sloping?. Factors that affect the short-run aggregate supply. Aggregate Supply. Learning Objectives. Define the aggregate demand curve. Explain why it slopes downward. Explain why it shifts. Define the aggregate supply curve. Explain why it slopes downward. Explain why it shifts. Chapter 11: Learning Objectives. You should be able to:. Explain what aggregate planning is and how it is useful. Identify the variables decision makers have to work with in aggregate planning and some of the possible strategies they can use. Chapter 11. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Chapter 11: Learning Objectives. You should be able to:. Explain what aggregate planning is and how it is useful. Dubai Sunrise Mayan Temple Yorkshire Tweed Canadian Spruce Maple Fall York Acorn Olive and Fig Pecan and Walnut Black Granite Icelandic Volcano Village Pavilion Nordic Stormn Autumnal Mill Himalayan M Introduction & Determinants. Aggregate Demand Curve . (Inverse) Relationship between price level & quantity of aggregate output demanded for the economy as a whole. Aggregate Price Level (measured with GDP deflator). AD - The Model. PL. RGDP. AD. PL = Price Level. ALL prices in the economy. Real Gross Domestic Product = Dollar value of ALL domestically produced final goods and services adjusted for inflation. AD = Aggregate demand. The total amount of goods and services people will purchase at ALL price levels. Has the same components as GDP.. LO19–1: Understand what sales and operations planning is and how it coordinates manufacturing, logistics, service, and marketing plans.. LO19–2: Construct and evaluate aggregate plans that employ different strategies for meeting demand..