DSCI 304 Chapter Notes - Chapter 11: Yield Management
30 Oct 2016
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Document Summary
Aggregate planning: intermediate- range capacity planning, usually covering 2 to. Available-to-promise (atp) inventory: uncommitted inventory chase demand strategy: matching capacity to demand, the planned output for a period is set at the expected demand for that period. Level capacity strategy: maintaining a steady rate of regular-tie output while meeting variations in demand by a combination of options. Master production schedule (mps): the schedule indicates the quantity and timing of planned completed production. Rough-cut capacity planning (rccp): approximate balancing of capacity and demand to test the feasibility of a master schedule. Sales and operations planning: intermediate range decisions to balance supply and demand integrating financial and operations planning. Simulation models: computerized models that can be tested under different scenarios to identify acceptable solutions to problems. Time fences: points in time that separate phases of a master schedule planning horizon. Yield management: the application of pricing strategies to allocate capacity among various categories of demand.
