Yield or revenue management is used with organizations that have a perishable inventory such as airlines, hotels, car rental agencies, and cruise lines

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– Subject: Operations Management

– Recommended textbook for the subject (it is attached): Heizer, J., Render, B., & Munson, C. (2017). Operations Management, (12th Ed.), Boston, MA: Prentice Hall, ISBN: 978-0-13-413042-2. Chapters 13, 14 & 15.

– Use of APA style required in all the assignment.

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– Answer the following essay questions:

. List five of the shared characteristics that make yield management of interest to these types of companies.
In a product structure diagram, select the one that is not part of the diagram.
Children are found at every level of the diagram except the top level
Parents are found only at the top level of the diagram
All items in the diagrams are both parents and children
Children are found at every level of the diagram including the top level
All of the above
What is computerized short-term scheduling that overcomes the disadvantage of rule-based systems by providing the user with graphical interactive computing?
LPT
CSS
FCFS
FCS
TGI
Which of the following is not one of the graphical method steps?
Find labor costs, hiring and layoff costs, and inventory holding costs
Construct the transportation table
Consider company policy that may apply to the workers or stock levels
Determine the demand in each period
None of the above
Which of the following is a lot sizing procedure that assumes a finite time horizon beyond which no additional net requirements are needed?
Part period balancing
Economic order quantity
Wagner-Whitin algorithm
None of the above
Explain the relationship between short-term scheduling, capacity planning, aggregate planning, and a master schedule.
CASE STUDY – Old Oregon Wood Store: Go to page 630 in your textbook and look for this case study at the bottom of the page. Study it carefully and answer the four discussion questions at the end one by one.

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