How do you say "predictive analysis," and what is it? Describe how this might be used.
Q: a. What is the economic lot size? b. What is the total annual cost?
A:
Q: 3. Choose the best answer. Which of these is the entity in the supply chain responsible for selling…
A: The supply chain is the system in which employees process techniques resources and others linked to…
Q: Lia ITZY has determined that the annual demand for number 6 screws is 100,000 screws. Lia, who works…
A: Given data is Annual demand(D) = 100,000 Order cost(S) = $10 Holding cost = 0.5(0.01) = $0.005
Q: What is the difference between an analytical and a synthetic manufacturing process? Give an example…
A: There are mainly 4 types of manufacturing processes namely: analytic, synthetic, continuous, and…
Q: the role of professional and personal development in enhancing your skills when you are a seafarer.…
A: Seafarers are the people who look after the transportation of food, fuel and manufactured goods that…
Q: A project, which consist of one-unit reinforced concrete 2-storeys bungalow house building will be…
A: For this project, we would be working on the bungalow house building/construction project, The group…
Q: My best friend that has a small technology business, and he claim that in his business receive 121…
A: Queuing analysis helps to make better planning by determining the queue size and customers waiting…
Q: Is there any way to control the influence pharmaceutical companies have on the decisions made by…
A: There are several measures that can be taken in order to control the influence of the pharmaceutical…
Q: Discuss the main causes of organizational decline and suggest appropriate preventive measures
A: When the success rate of organizations is observed from a global perspective one can find that the…
Q: What high-level position manager is responsible for working with the CEO and company president to…
A: Competitive strategies are devised by an organization's top management, including the CEO,…
Q: Distinguish between functional, matrix, and project organizations. Describe how each structure…
A: The difference between between functional, matrix and project organization can be listed down as…
Q: ENGINEERING MANAGEMENT: In what specific activities may employees participate?
A: Employee engagement is a commitment the employee has to the organization and its goals. The purpose…
Q: Ethics in project management are critical.
A: ANSWER : Ethics is so key to executing projects successfully, the PMI has carried out a Code of…
Q: Show how a Likert Scale could be used to measure customers’ attitudes towards a bank. Ensure that…
A: Likert scales are typical in survey research since they certificate to simply operationalize…
Q: Warehouse: 2.Identify the major role of stores management to economic development.
A: A warehouse acts as a support function for logistics and plays a key role in attaining the overall…
Q: For a construction job, a contactor can haul rock by means of an ordinary 10-cubic-yard dump truck,…
A: Given data:
Q: 1. Using Microsoft Excel TM prepare a Gantt Chart for the following project. Activity Predecessor(s)…
A: given,
Q: Discuss five reasons why a project manager could utilise a Gantt chart as a tool, using one software…
A: Gantt chart:- A project manager could utilize a Gantt chart when scheduling tasks in order to…
Q: Define functional, matrix, and project organizations. Explain how each structure impacts project…
A: A functional organization is where the organization is organized into functional divisions primarily…
Q: company's bids for such sites have been successful. However, the company is also under pressure to…
A: A decision tree helps to analyze various alternatives available in a graphical/diagrammatical manner…
Q: How does an MDP augment a stationary Markov chain?
A: A Markov chain process (MDP) is defined by Set "S" of states Set "A" of actions P (St+1/St, At)…
Q: point, wu is $70 per chair per year. Given the following demand probabilities during the lead time,…
A: Given data: Reorder Point without stock-out = $200 chairs Carrying cost per year = $20 per…
Q: Indicate whether the following statements are true or false. If false, indicate how to correct the…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: In terms of focus, magnitude of change, and number, characterize the production processes used by a…
A: A production process is a technique of utilizing economic information or resources, such as - labor,…
Q: 8. Three types of motors are being inventoried by a company. The inventory carrying cost rate is…
A: carrying cost = Order quantity / 2 x carrying cost per unit Ordering cost = Demand / order…
Q: Spreadsheet Assume the specifications for a part (in inches) are 4.000.30, and the Taquchi loss…
A: Given data The target value (T) = 4.00The observed value (x) = 4.53 inches. Taguchi loss function…
Q: 3. A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year.…
A: As per guidelines we are supposed to answer only three subparts if there are multiple sub-parts…
Q: A process with five steps has a cycle time of 1.5 minutes per unit. The only inventory in the system…
A: Information turnaround time is the time gap between the submission and completion of the project.
Q: Describe how the SAP ERP system differentiates between a task, a job, and a person.
A: An SAP ERP is an enterprise resource planning that is made to integrate the main functions of an…
Q: The GEM maker of jewelry makes two bracelet designs, heart design and flower design. The bracelets…
A: given, store 28 ounces of gold 20 ounces of platinum profit P2500
Q: ) Discuss the registration process of ISO 9000 and list the benefits it offers to the organizations.…
A: ISO 9000 is described as a group of international measures on quality management & quality…
Q: 3. How much more does Dayton Pharmacy have to sell if it lowers its prices just to remain the same…
A: The formal records of financial activities and position of a business, person, or other entity are…
Q: Outline some features of a workplace program to prevent or control occupational diseases. For each…
A: An occupational disease can be stated as a health issue or disorder that is caused by the work…
Q: The production manager of Batasan Enterprises wants to improve its cycle efficiency by cutting on…
A: Given data is Original value add time = 9 hours = 540 minutes Original non-value add time = 146…
Q: According to Table 8-2, which describes a media selection problem, what would the objective function…
A: The objective function is equation written mathematically that shows the production output with…
Q: Compute the cycle time for Auburn Company given the following data: value add time is 12 hours and…
A: Cycle time consists of both value added time and non value added time. Given, Value added time= 12…
Q: What is the latest start (LS) of activity F ? Choose. Choose. What is the slack (SL) value of…
A: Slack = LS-ES
Q: The desired daily output for an assembly line is 540 units. This assembly line will operate 720…
A: Line balancing is a process which allocate activity to right workstation based on different…
Q: How can risk be assessed? How do risk assessments work?
A: Risk assessment is a term used to describe the overall process or strategy where you: Identify…
Q: Problem 1 The R& D division of the Progressive company has been developing 4 possible product lines.…
A:
Q: Discuss the rules for drawing networks and illustrate the above by drawing its network.
A: Project network is a visual representation of project activities and their duration to complete the…
Q: A location analysis has been narrowed down to two locations, A and B. The main factors in the…
A: Given data Weight of the raw material = .50 Weight of the transportation cost = .4 Weight of the…
Q: S7.20 Janelle Heinke, the owner of Ha'Peppas!, is considering a new oven in which to bake the firm's…
A: To find the volume that Janelle should switch ovens will be calculated by the indifference point.…
Q: Explain three asset complementarities that International Managem
A: IMG, initially acknowledged as the International Management Group, is a worldwide sport, events…
Q: Define capacity. Why is it important for a manufacturing business or a service business?
A: Capacity is important for any manufacturing business or a service business.
Q: Dabble, Inc. has sales of $980,000 and cost of goods sold of $640,000. The firm had an average…
A: Given that Sales = 980000 COGS=640000 Average inventory= 46000 Number of days in a year= 365
Q: Phil. Cable: Phil. Cable supplies cable access to all local residents. It was a very expensive…
A: Entrepreneurship is described as the process through which new ways of doing business are discovered…
Q: In global sourcing, a tariff is an official list or schedule showing the duties, taxes or customs…
A: Global sourcing is a procurement strategy in which a busines buys the goods and services from…
Q: cts are incomplete:
A: An improvement in employer's ability to monitor effort will decrease employment rents It was a false…
Q: Compute a weighted three-month moving average forecast using weights of (a) 10%, 30%, 60%, and (b)…
A: 10%= 0.1 30%=0.3 60%=0.6 25%=0.25 45%=0.45
How do you say "predictive analysis," and what is it? Describe how this might be used.
Step by step
Solved in 3 steps with 2 images
- What role does forecasting play in the planning process, and what are some methods and models used for making accurate predictions and projections?If descriptive analytics focuses on summarizing historical data to gain insights into past events and trends and predictive analytics focused on forecasting future outcomes. What is the significance of the relationship between the past and the future?What are the basic types of forecasts? What are their strengths and weaknesses?
- Identify the key differences between qualitative and quantitative forecasting methods. Which is better in your opinion andwhy?What exactly is a qualitative forecasting model, and when should it be used?What is Benchmarking and forecasting? which is a better planning tool Benchmarking or forecasting?