Choose the correct graph of the forecast demands below. ○ A. 70- 65- 60- 55- 50- 45- ○ C. Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 65- 50- 45- 40+ Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 70- 65 B. 60- 55 50 45- 404 D. Q 65- 60- 55- 50- 45- Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. Q Prepare a graph of the monthly forecasts and average forecast demand for Chicago Paint Corp., a manufacturer of specialized paint for artists. Compute the demand per day for each month (round your responses to one decimal place). Month Production Days Demand Forecast Demand per Day January 21 950 February 19 1,150 March 21 1,250 April 22 1,250 May 21 1,200 June 22 1,300 July 22 1,250 August 21 1,150 September 22 1,150 October 22 1,000 November 21 1,000 December 21 850
Q: Tombro Industries is automating one of its plants and developing a flexible manufacturing system. In…
A: Throughput Time (1-a):Identify relevant times: We need data on wait time, processing time, move…
Q: Owodkdld
A: Just-in-Time (JIT) stock management is a strategy that targets to reduce the amount of stock a…
Q: Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to…
A: 1. **Define the cost and revenue considerations**: - **Revenue per ticket**: $135 - **Cost of free…
Q: Why would we graph scatterplots and regression lines?
A: Scatterplots and regression lines are useful tools in data analysis for several reasons: Visualizing…
Q: Kindly provide an abstract to include the following A. Describe the research problem and why it is…
A: Detailed explanation:Unraveling the Essence of Effective Writing: An Academic Exploration A. In…
Q: Please help with this question!!!!! :)))
A: Answer:-(A)Assume customer arrival to be poisson distributed and service to be exponential…
Q: All but ___________ are examples of (international) nongovernmental organizations (NGO) A.…
A: The answer is: D. International Monetary Fund (IMF) ActionAid, Oxfam, and Red Cross are all…
Q: A cyclical pattern will depict a systematic increase or decrease in the mean of time series data and…
A: A cyclical pattern in time series data typically refers to repetitive fluctuations or oscillations…
Q: (Note: Task N is a dummy task. It must be included in the relationships, but its duration is 0. Be…
A: 1. We add up the daily costs for every resource to check for over-allocation: R1: The sum of the 200…
Q: In production plan 2, vary inventory if the ending inventory for March is -32, what will be the…
A: FEEL FREE TO ASK CLARIFICATIONS.
Q: 06 A B xfx 64000 C D E F G Roll up the individual product forecasts and compare them with the family…
A: Alternative for Calculating Unit Forecast (goal):If the total "Dollars/Unit" for all products isn't…
Q: A Kanban is a Japanese term for a production supervisor who is responsible for controlling the flow…
A: Limiting work in progress (WIP) by placing limitations on the amount of tasks or items that can be…
Q: Consider the scenario of customers entering a store. If the mean arrival rate of customers is 10…
A: The objective of the question is to find out the average number of customers in the store at any…
Q: Mode of Entry Analysis (Question 3)o Discussion of Yellowstone’s mode of entry strategy in Ukraine…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Please answer
A: 1. Teamwork is not only about collaboration; it's a powerful tool that drives organizational success…
Q: Introduction to IHRM and Staffing Policies: Provide an introduction to International Human Resource…
A: Introduction to International Human Resource Management (IHRM) and Staffing Policies The term…
Q: In operations management, what does JIT stand for? A) Just in Time B) Just in Transition C)…
A: Operation management involves supervising and designing, as well as engineering processes and…
Q: Which of the following is not a demographic shift that will impact the nonprofit sector in the…
A: The objective of the question is to identify which among the given options is not a demographic…
Q: Answer question 1
A: using linear programming techniques:1. Define the decision variables:Let:x = number of bowls…
Q: Patients enter an intensive care unit at the rate of 7 patients per day. On average, a patient…
A: The objective of the question is to find out the average number of patients in the intensive care…
Q: Problem 6 Part A:Available to promise in period 4 = 50Problem 6 Part B:PAB in period 7 = 35 In part…
A: Part 2: Approach to solving the question:To solve part A of the question, calculate the Available to…
Q: The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She…
A: Profit calculation and breakeven analysis are done before starting any project to determine ·…
Q: Better Fitness, Inc. (BFI), manufactures exercise equipment at its plant in Freeport, Long Island.…
A: Linear Programming (LP) is a mathematical method used for figuring out the best feasible outcome or…
Q: Q2. What do you mean by 'under conditions of a perfect competition in the product market'? a) MRP =…
A: A perfect competition is a theoretical product market. In this all companies sell similar/identical…
Q: The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is…
A: To better grasp the computations and suggestions, let's get into the details. (a) Annual Cost and…
Q: Case Study- Insta Cement Industries BACKGROUND India is the second largest cement producer in the…
A: From obtaining raw materials to delivering completed goods, supply chain management is the…
Q: An Insurance company samples claim forms for errors created by its employees as well as the amount…
A: Step 1:Step 2:
Q: Develop a comprehensive and practical Risk Management Plan for your Practice Project. The Risk…
A: The goal of the project "Design and Construction Supervision of a Modern 150 Bed Nursing Facility at…
Q: The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition…
A: Part (b) Order frequency:Number of orders per year = AD/Q= 180,000/15,000= 12 orders per yearSo,…
Q: How could Alicia have been better prepared for her negotiation with Katherine? Multiple Choice…
A: Alicia's preparation and planning for negotiations can be enhanced by enrolling in negotiation…
Q: Week Day 1 2 3 4 Sunday 40 35 39 43 Monday 54 55 54 59 Tuesday 61 60 65 64 Wednesday 72 77 78 74…
A: Trends:There isn't a clear overall trend in the data across the week, but there are fluctuations.…
Q: The manufacturer bakery had provided us with their specification limit, which was 145 g -155 g. Out…
A: The objective of the question is to determine which group of biscuit packets can be categorised as…
Q: Big Turkey Burger Farms (BTBF) produces a large turkey burger that is world famous. This burger is…
A: Part a - Monarch Burgers:Given:Average = 12 ouncesStandard Deviation = 0.10ouncesUSL = 12.23…
Q: A B с D E FL ד G H J K L M N P R S T U V 1 On Week 3 Forecast 4 2 a) Smell Fresh Customer Orders…
A: To complete the MPS time-phased record and update it after rolling through time, we need to follow…
Q: How can companies in Silicon Valley effectively forecast new products and services?
A: Forecasting the Future: Challenges and Techniques for New Products and Services in Silicon…
Q: Montreal Hardware Co. is making a make-or-buy decision. The market feedback shows that the optimal…
A: EMV (Subcontracting) = 50%(50000(10-6)) + 50%(100000(10-6)) = 300000EMV(process A) =…
Q: Operation 1 Work Center A 2B 3 4 C D SE 5 Hourly Unit 70 80 100 50 Output Rate 60 60 Assuming that…
A: Step 1: Step 2: Step 3: Step 4:
Q: For each of the following activities, determine the maximum delay in rting time relative to its…
A: Maximum delay in the starting time relative to its earliest start time that will allow all the…
Q: Need help with this pls answer it
A: Explanation:Power: This refers to the stakeholder's ability to influence Story Factory's decisions…
Q: Glenn Dental Clinic provides general dental care to residents of Philadelphia on a walk-in basis.…
A: Hi, Student. I hope I understood your needs and explained things simply. If you have any questions…
Q: The mayor would have had much better luck blocking the evacuation of the city, yet still receiving…
A: The objective of the question is to identify the conflict style that would have been most beneficial…
Q: Given the following information, determine the project schedule that minimizes the total project…
A: The table indicates that the optimal project duration is 6 weeks. This is because it minimizes the…
Q: Productivity and job satisfaction are improved while the perception of the corporate brand is…
A: It's crucial to realize that Employee Experience (EX) encompasses more than just creating a positive…
Q: I need both answers a) and b)
A:
Q: Muñoz Corporation's decision to produce a new line of recreational products resulted in the need to…
A: Muñoz Corporation Decision AnalysisYou're absolutely right!(a) Decision and Chance EventDecision:…
Q: A. Which machine would is constraint in the plant? B. Which product mix provides highest gross…
A: A. Machine B is the constraint in the plant because it is required for both products M and N, with a…
Q: Assume that Veronica has negative expectations about Ava’s intentions during their negotiations…
A: The objective of the question is to identify the type of trust or distrust that is being portrayed…
Q: 45:42 labor force is 180 million. The number of employed workers in this economy is Multiple Choice…
A: First, let's understand the concept of the labor force and employment:1. **Labor Force**: The labor…
Q: A. What is the maximum output per hour of the steel product? B. By how much would the output be…
A: Please see below explanation to above answers: Given that this is a sequential process, you'll have…
Q: I need typing
A: The step-by-step solution to convert the given transfer function into a state-space model is:The…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Under what conditions might a firm use multiple forecasting methods?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Sales of tablet computers at Ted Glickman's electronicsstore in Washington, D.C., over the past 10 weeks are shownin the ta ble below: a) Forecast demand for each week, including week 10, usingexponential smoothing with a = .5 (in itial forecast = 20).b) Compute the MAD.c) Compute the tracking signal.Given the following demand data, Period Demand 1 47 2 44 3 47 4 44 5 48 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) b. If the actual demand for period 6 is 48, forecast demand for period 7 using the same weights as in part a. Forecast Period 7 ______Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. (Round final answer to a whole number.) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Last year 165 185 200 230 240 265 210 200 195 265 290 315 This year 175 200 165 260 260 200 Forecast for the third quarter
- Using data in the below in class example, forecast GA operations using effective buying income (X2) as the independent variable. Develop forecasts for the years 2010, 2015, 2020 and 2030. Show your answers in a table. Questions: How does this forecast differ from that using employment as the independent variable? What is the coefficient of determination for this scenario and what does it imply? Service Area Year GA Operations (Y) Employment (X1) Effective Buying Income (X2) 2000 22,513 45,714 $8,433 2001 23,768 48,601 $9,207 2002 21,838 51,314 $10,106 2003 25,904 54,107 $10,457 2004 26,208 57,848 $11,055 2005 26,946 56,022 $11,016 2006 27,977 56,317 $11,399 2007 27,294 58,757 $11,883 2008 28,647 61,556 $12,119 2009 29,270 62,341 $12,213 Forecast 2010 66,533 $13,081 2015 73,491 $14,609 2020 82,189 $16,525 2030 99,584…Local city government statistics show the rate of new driver’s license applications to be as follows: Month week Applications Weekly Forecast May 1 338 2 299 3 315 4 312 June 1 307 2 310 3 305 4 Using weights 1/2, 1/3, and 1/6 (with maximum weight given to most recent past), make a weighted moving average forecasts through week 4 of June.Interpret the MAD of the most accurate among the forecasting models below. A. Naïve approach;B. 5-month SMA model;C. WMA model with weights 0.1, 0.3, and 0.6; orD. ES model with α = 0.5 and a forecast of 3,500 liters in the first month.