Contrast the planning approach when dealing with data certainty verses uncertainty
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Q: What similarities between Priority Scheduling and Shortest Job First Scheduling exist, if any?
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Q: Why is transportation forecasting so important, and why is it so difficult?
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Q: T1 ? T50 $50 T100 $45 T200 $40 T5000 ? 2) Using the k value for MH's learning rate, what are the…
A: Given, T50 = $50 T100 = $45 T200 = $40 T1 = ? T5000 = ? Formula for value at a time period Tn, Tn =…
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Q: What is this week's forecast using trend-adjusted (double) smoothing with alpha=.5 and beta = .1, if…
A: Given, Last week forecast Ft-1= 65 Last week Actual At-1 = 50 α = 0.5 β = 0.1 Trend estimate for…
Q: The following jobs are waiting to be processed at a small machine center JOB DUE DATE 10 20 30 40 50…
A: Given-
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A: Trend-adjusted exponential smoothing: Trend adjusted exponential smoothing method is…
Q: 4) Max Z = 4x1 + 8x2 s.t. 2x1 + 4x2 < 14 6x1 + 2x2 ≤ 12 Xi ≥0 Problem 4 should be graphed first.…
A: Given data is Max Z=4x1+8x2 Subject to constraints: 1.) 2x1+4x2≤142.) 6x1+2x2≤12xi≥0
Q: Time required for the production of the twelfth 787: 12th unit time hours (round your response to…
A: Given: Learning rate = 75% Time is taken by 8th 787 jet = 27400 hrs
Q: IMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF) = ES +…
Q: a) The total amount of hours to build the 13 units = b) The average time to build each of the 13…
A: Time is taken for the first unit = 760 hrs Learning rate = 85%
Q: A weighing process has an upper specification of 1.751 grams and a lower specification of 1.632…
A: Given: USL =1.751 gm LSL=1.631 gm Mean = 1.7 gm S.D = 0.023 gm
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A: Given data is Supplier Price per set Packing cost per set Total inland freight cost International…
Q: iping Manufacturing assembles television sets. The company purchases 3,600 television kits per year,…
A: Given data: Part 1)Annual Demand (D)=3600 kits/yearUnit cost = $65Ordering Cost (S) =$31Holding Cost…
Q: ?Q) Solve the LPP problems below by using big M-Method MIN Z=8X1+2X2 S.T X1+2X2=66 X1+6X2268…
A: Given data: Min Z = 8 x1 + 2x2Subject to-x1 + 2 x2 = 66x1 + 6x2 ≥ 68x1 + 4x2 ≤ 82 x1, x2 ≥0.
Q: Regarding the economic order quantity, which of the following is true? OA all of the options are…
A: Introduction: EOQ or Economic Order Quantity is a measurement tool to determine the economic order…
Q: The Vice President of the Republic of Zambia launched a pilot project to clear canals on the Barotse…
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Q: In the proposal, plan, and schedule section of a business proposal, your goal is to explain your…
A: A business proposal is a document that aims to convince a company to purchase an item or service. A…
Q: Please provide long detailed answers…… OPMFORMULA is a medium-sized baby formula production plant in…
A: Introduction Companies invest huge amount to expand domestically and internationally. This expansion…
Q: If it took 430 hours to produce the first unit of a product, and the learning curve is 90%, how long…
A: Ans) Formula: Y = aXb a = Time taken to produce unit 1. b = log(Learning Rate)/log(0.2) b =…
Q: The demand data for Double T Computer Services appears below. The company wants you to forecast the…
A: With given period and demand, Least squares line, y = a + bx b = N*∑XY - (∑X)*(∑Y)N*(∑X2) - (∑X)2 a…
Q: Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has…
A: Given, Demand variance = 10250 units Order variance = 12050 units
Q: K Suppose that a company has recently started manufacturing a new line of helicopters, and it took…
A: Given data is as follows: Days taken = 106.496 labor days to complete 16th helicopterLearning rate =…
Q: Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa…
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Q: Suppose that specification for a production part diameter is 6.00 + 0.02 inches. That is, the part…
A: Formulae used: The loss function is represented as: L(x) = k(x-T)2 Where,L(x) = Loss functionk=…
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A: Find the Calculations below: Control chart: Based on the above graph, we conclude that the given…
Q: How does operation management affects the profitability of a business?
A: Operations management (OM) is the administration of business practices to make the highest level…
Q: The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal…
A: Given, Holding cost = 30% Shipping amount = $104,800 Alternative 1 : Cost = $3370 Days = 30…
Q: What types of information are needed by an inventory manager when making decisions within his or her…
A: A manager of inventory is in charge of overseeing product stock levels. They prepare the sizes of…
Q: The following jobs are waiting to be processed at a small machine center. JOB 10 20 30 40 50 DUE…
A: Given data: Job Due date Duration 10 260 28 20 256 12 30 260 8 40 265 18 50 275 22…
Q: Richard Dulski's firm is about to bid on a new radar system. Although the product uses new…
A: Given, Time to build first unit T1= 760 hours Contract units = 13 Learning rate = 85% b =…
Q: What is x? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: what is the difference between a baseline Gantt chart and a tracking Gantt chart? 200 words, please
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Q: Case 12. FOUR ACES CONSTRUCTION AND HARDWARE SUPPLY: Here, There, and Everywhere In 1964, four girls…
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Q: Draw a fishbone for postal service
A: Fishbone diagram: Fishbone diagrams are generally used in the manufacturing or…
Q: Part 2 a) What is the optimum ordering quantity? ________ units (round your response to the…
A: Only three questions can be answered as per the guidelines. Given, Order cost S = $200 Annual demand…
Q: 7. (Maximize) Objective function: z = x₁ + x₂ Z Constraints: x₁ + x₂ + 3x3 ≤5 X1 2x1 - 2x3 = 1 x2 x₂…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: d) The probability that it will take more than 17 days to complete this projectbe is __ (keep two…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for…
A: Cost of Shutdown = 480000Super event Risk = 3%Unique event Risk = 5%Cost of managing suppliers =…
Q: A small, independent amusement park collects data on the number of cars with out-of-state license…
A: Formulae used: Standard deviation(SP) =P×1-PN Overall proportionP =Total of all defectsTotal of all…
Q: Given a project with the following characteristics, answer the following questions: 1. You are the…
A: Given data: Build 2 birdhouses in =12 months.Each birdhouse is planned to cost= $100.The project…
Q: a) the 10th transplant b) The cost of 10th surgery to Beth Zion Hospital = $ 10.40 hours (round your…
A: Given : Learning rate = 75% Time required for the first transplant = 27 hrs
Q: 4. A company that produces pleasure boats has decided to expand one of its lines. Current facilities…
A: Given: Alternative, A (new location) Fixed cost =$250,000 Variable cost = $500 per boat Alternative…
Q: 18/hr 1 4 10/hr 20/hr Current capacity 5 12/hr 19/hr 8/hr The diagram describes a service process…
A: The capacity of a process is determined by the bottleneck step i.e. step having the highest cycle…
Q: How many of each model should be produced to maximize profit. What is the maximum profit?
A: Linear programming is a mathematical technique that is also used in operations management…
Q: 1. Explain 4 different configuration of supply chain with the type of product each configuration…
A: Note: As per guidelines, only 1 question can be answered at a time. The first one has been answered.…
Q: Wreckem Industries Inc., is a company that markets calculators to universities. Mr. Red, it's CEO,…
A: Given, Annual demand D = 100000 Order cost S = $10 Carrying cost H = $2 Number of days = 250 days…
Contrast the planning approach when dealing with data certainty verses uncertainty
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- Under what conditions might a firm use multiple forecasting methods?The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?Which of these is the most important factor when determining the complexity of an organization's data model? a.) Its business rules b.) Its reputation c.) Its history d.) Its budget
- Business analytics can be of three types: descriptive, predictive, and prescriptive. Describe each of those. Imagine you are a data analyst in FedRetail, an online retail shop. Your manager wants a forecast of the sell in the upcoming Christmas season. What kind of analysis you should do to find out your manager's query? Explain.Ms. Aliya is scanning TV news and political discussions every day for writing her graduation project report. Which type of data is represented by the information she gets from TV news and political affair discussion in the TV programs? A. Primary Data B. Secondary Sources C. Tertiary Sources D. All of the AboveWhich of the following is not a type of qualitative forecasting? A. Delphi method B. naive approach C. decision maker's intuition D. market survey E. sales force composite
- what are the benefits of running a markerting analysis?Q1.What is the difference between the types of data 1- categorical data, 2- numerical data, with an example of each typeWhich type of data source is often used for predictive analytics? A. Historical data B. Survey data C. Social media data D. Transactional data
- 1. Which of the following is not one of the three principles of a fair process? Clarifying thinking behind a decision. Budgetary restrictions Involving individuals in decision making. Clarifying expectations such as new rules or consequences. 2. When an organization discriminates through the use of a process, affecting protected group as a whole, rather than consciously intending to discriminate, it is called ________________________. bona fide occupational qualification disparate impact disparate treatment 3. Which of the following is an internal factor associated with forecasting and planning for human capital needs? shifts in population changes in laws sales increases or decreases competitionmultiple1- Organizations that seek the most-qualified executive available for a specific position and are generally on assignment from the company needing a specific type of individual are referred to as A- employment agencies B- job fairs. C- progressive search firms. D-executive search firms. 2-Which of the following provides an example of special event recruiting? A- Internships B- Recruiters. C- Employment agencies D- Job fairs. 3- What is perhaps the most common approach to meeting short-term fluctuations in work volume? A. Overtime B- Subcontracting C- Temporary employees D- Employee leasing. 4- The least-expensive recruitment method that provides the broadest coverage is probably through the use of A- newspaper advertising. B- special events C- recruiters. D- employment agencies.Why do you think data quality is one of the most important aspects of data warehousing? Describe the benefits and indicators of excellent data. a2