1. List the hierarchy of various capacity management plans in a typical company (2 points) 2. When would you use chase strategy in aggregate capacity planning? What is included in the plan (3 points)?...

1. List the hierarchy of various capacity management plans in a typical company (2 points)
2. When would you use chase strategy in aggregate capacity planning? What is included in the plan (3 points)?
3. Give 4 examples of factors that can reduce capacity momentarily. (2 points)
4. Give 3 examples of inventory risk (3 points)
5. Describe preventative maintenance. Include at least 6 steps. (3 points)
6. Solve the below EOQ example. (2 points)Phone company had the following demand profile and related holding and set up costs:· $0.75 in holding costs per unit = H· Demand rate of 60,000 per year = D· Setup cost of $500 = SWhat is the EOQ?How many orders they need to make in a year (365 days)?What is the cycle time between the orders?