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By "aggregate planning" i assume you are referring to the economic command economy or planned economy?
Advantages: often used during wars to fully mobilize the economy to produce mainly war good such as tanks and bullets.
Price controls because the government sets prices
no/ small unemployment
under provision of merit goods such as streets and education
more social equality in terms of money
Disadvantages: Lack of incentive because you do not own your own land/or business
shortages or surpluses because prices do not match the actual demand for goods
planned economies are more ideology and less practical- soviet Russia
private ownership encourages investment since the owner will see the rewards.
HOPE THIS IS WHAT YOU WANTED!
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The main advantage of aggregate planning is to keep costs (overhead) low or in-sync with stages of production. There are essentially three types of aggregate planning strategies, level, chase and mixed. Mixed is the method used most often as it is the easiest and involves the lowest costs. Chase is based on hiring and firing workers to match production and output, which is a major disadvantage as it tends to lower employee morale. The advantages are lower inventories and higher levels of employee utilization. Level is keeping a stable workforce and output, which are both advantages. The disadvantages are greater inventory costs, times of low employee utilization (idle time) and resources that vary over time.
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