Aggregate planning using the trial and error technique.

If you are studying for a bachelor of engineering, a bachelor's degree in business administration, or a diploma in operations management, So, you study operations management and production planning and control. That includes aggregate planning. Aggregate plans are intermediate plans that are used to help in decision-making related to general levels of employment, output, inventories, capacity planning, and resource planning. Aggregate plans are developed knowing the forecasted demand and the company policies to compare the cost of different alternatives. Aggregate plans are developed by two methods, the trial-and-error technique, and the mathematical one. This video illustrates how to do aggregate planning using the first technique. It shows the aggregate planning steps with the aid of solved examples and problems. Forecasting video:    • Operations management: Demand forecasting