Tuesday Wednesday Thursday Friday Using this table above, solve for Mean Absolute Percent Error (MAPE) in to the last 2 decimals, example 9.6568->9 66 113 120 140 115 135
Q: Twelve identical products were put on test for 65 days, by which time 9 had failed at 21, 25, 29,…
A: Given data: The total number of days of operation = 21, 25, 29, 33, 38, 43, 49, 56 & 65 Products…
Q: From a technical perspective, how should the threat be classified? What kinds of dangers do people…
A: With the development of information and communication technologies and increasing accessibility to…
Q: Reverse logistics is important in managing the supply chain. Distinguish between forward logistics…
A: Reverse logistics:- Reverse logistics refers to the series of steps necessary to recover value and…
Q: Case study: container shortage challenges Unexpected events have resulted in a global container…
A: The given case study is about the situation of container shortage due to the pandemic. The shipping…
Q: Gas Me Up is considering offering bagged ice sales through a self-service company that would locate…
A: Breakeven point = Fixed Costs ÷ (Revenue per unit – Variable costs per unit) 1.
Q: new shopping mall is considering setting up an information desk manned by one employee. Based upon…
A: Given data: Arrival rateλ = 20 per hour Service rate μ =1 question2 minute…
Q: a single-server waiting line system has an arrival pattern characterized by a poisson distribution…
A: With the given data we can calculate two things: Probability that the system is idle Expected…
Q: 3. Hoosier Gasoline Company, or HoosCo as they are known, produces two blends of gasoline, regular…
A: The question is to find the quantity of each type of gasoline that should be produced to maximize…
Q: A company uses a special widget (SP) in its production process. The company uses 100 SP units per…
A: Given data, Annual demand=Monthly uniform demand×Total number of months in a year Annual…
Q: Why is randomization important in an experiment?
A: Randomization is important because : Randomization, which helps to reduce bias, can increase the…
Q: The fixed cost at Harley Motors are $ 1Million annually. The min. product has revenue of $26.64 per…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Discuss the major influences that Operations has on Competitiveness.
A: Organizations should be competitive to sell their products and services in the market.…
Q: Many organizations are offering more flexible work arrangements that help their employees balance…
A: Workplace flexibility generally accentuates the desire or willingness and the capability to adapt to…
Q: Describe how you will implement the following types of change ; operational change, proactive change…
A: Change Management:- The phrase "change management" (often shortened as "CM") refers to any…
Q: Why is Strategy important and what are the types of Strategy?
A: Strategy can be stated as the action plan that is designed by the management of the organization for…
Q: Calculate the forecast for Week 16 using - a 2-period moving average - a 3-period moving average…
A: Given data is
Q: 8.- A small construction company specializes in the construction and sale of family homes. The firm…
A: The firm should build a combination of Model A and Model B that would maximize its profits. In this…
Q: E-commerce Is Growing – Are You Growing with It? By the end of 2019, e-commerce was a fast-growing…
A: i. Ecommerce refers to businesses and individuals that buy and sell products and services through…
Q: Analytics Exercise 18-1 (Algo) Starbucks has a large, global supply chain that must efficiently…
A: Mean Absolute Deviation: The ideal MAD value is zero (no forecasting error) A model with higher MAD…
Q: List the typical components of direct e-mails and memos.
A: E-mails and memos are among the various modes of communication in an organization. While E-mail is…
Q: Question I - You are a co-founder of a start-up firm making electronic sensors. After a year of…
A: Due to the superiority of the new sensor, which will improve purchases and disrupt the market,…
Q: GENERATE THE DECISION VARIABLE SOLUTION AND GENERATE A SENSITIVITY REPORT CASE 1. Julia's Food Booth…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Question : Describe in detail about the facility layout of a garment industry. Need urgent…
A: Facility layout is the arrangement of various production materials, equipment, and manpower in such…
Q: A project consists of five activities listed below. The project network is shown for the activities.…
A: Formulae used: Expected time of an activity= ( O + 4.M + P )6 Where, O=OptimisticM= Most…
Q: in what ways are consumer preferences changing) in the auto industry and how Ford has responded
A: Customer demand for sophisticated highly connected automobiles which offer advanced features is…
Q: Question 3 Regular output capacity is 130 units per month. Regular cost per unit = K600. Overtime…
A: Explanation: Level: If demand or forecast is greater than production, it goes backlog and satisfied…
Q: Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses…
A: Given data is Component Manufacturing cost($) Purchase cost($) Frame 37 50 Support 10.50 14…
Q: Explain the limitations of the PERT network as a planning tool.
A: PERT diagram or Program evaluation and review technique which is a statistical tool that used in…
Q: You manage a production line that operates using a monthly production cycle. There are five…
A: Line capacity = 500 hrs. Product 1 Product 2 Product 3 Product 4 Product 5 Monthly Demand…
Q: The Cause-and-Effect diagram (commonly known as the fishbone diagram) is a schematic technique often…
A: A fishbone diagram is a visual representation of the causes of a certain problem. It helps to…
Q: The Copperfield Mining Company owns two mines,which produce three grades of ore: high, medium,…
A: Decision Variable: Suppose-x1 be the no. of hours to operate the mine-1x2 be the no. of hours to…
Q: Q1. Aliya has recently enrolled for a computer software development course and now she will be…
A: Given data is
Q: A manager checked production records and found that a worker produced 180 units while working 40…
A: Productivity = Ouptut / Input Change in productivity = (New productivity - Previous…
Q: Give a brief explanation of five major process scheduling policy factors.
A: Process scheduling is a concept used by organizations to handle their core operations. It is…
Q: PLEASE I ONLY NEED ANSWERS ON 7 AND 8
A: 2. Naïve methodThe naïve method is the simplest forecasting method and just predicts that the value…
Q: 1. a.) What is forecasting? b. Explain the importance of forecasting for managers like you? c.) What…
A: A. Forecasting The ability to accurately predict future events is crucial for running a successful…
Q: Mother and Carlene, my big sister, planned and booked a trip to Beijing, China. Three days before…
A: Travel management can be stated as the approach to a multitude of tasks such as understanding and…
Q: Q-The company has kept at one of its plants 24 months records of the total number of failures…
A: Given data-
Q: Expected Table Format: See bellow DMUU: Letter/Value Reason Perfect Optimism: Perfect Pessimism…
A: MInimax regret: Minimax regret: Determine worst regret for each alternative and chose alternate…
Q: Management realized that the optimal product mix, taking setup costs into account, might be…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: a. plot the data on a graph showing the trend b. determine the equation of the trend line c.…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: for the group to break even v
A: We need to calculate the time required for reaching the break even point to check if $22.50 is…
Q: Warehousing activities play a significant role in an efficient distribution goods to the customer.…
A: Inventory management is described as a means of managing the stock of the business products and…
Q: (d) Because of increased competition, Deegan is considering reducing the price of model DRB such…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: List the tool of quality in operation management
A: When businesses realized they needed to ensure customers received only the highest quality goods and…
Q: Pharasalia skincare Inc. has developed a new lotion that will help to improve skin ageing. Total…
A: Cost category Amount Product recalls $ 625,000 Downtime due to defects $ 600,000…
Q: What is KPI's & how it will be calculated? Q): What is EVA & how it will be calculated?
A: The term KPI stands for key performance indicators. They are a visual standards of the performance.…
Q: Include a summary of the training and certification requirements, as well as some real-world…
A: Certifications can be stated as the designated or appropriated credentials gained by the individual…
Q: Compute a 3-month weighted average forecast for months 4 through 9. Assign weights of 0.55, 0.33 and…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. There are…
Q: discuss the four steps in strategic sourcing process, highlighting how DHL can apply each step to…
A: Strategic Sourcing:- A order for a firm known as "strategic sourcing" integrates data gathering,…
Step by step
Solved in 3 steps with 2 images
- QUESTION 1 Sales of Fat Lips Burgers for 2012 are shown in the table below. 1. Do the 2 month SMA forecast 2. Do 2 month WMA forecast using the information below WMA – 2: last month, 1 – last 2 months 3. For the month of January 2012, the forecast was 438. Do the EMA forecast with the smoothing constant = 0.3. What is the forecast for Jan 2013? 4. Compare the forecasts above using MAD, MSE and MAPE. Which forecast method gives the least errors? Month Actual Sales Forecast Jan 2012 438 Feb 420 March 414 Apr 318 May 306 June 240 July 240 Aug 216 Sep 198 Oct 225 Nov 270 Dec 315 Jan 2013 - QUESTION 2Dayang sells 5 kg bags of fertilizer to local farmers in Tg Karang. The sales data for the past 11 months is shown below. Month Demand (10s of bags) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15 1. Find the forecast for the month 12 using the methods below: a. Simple 4 month moving average (SMA) b.…Question 16 Daily demand for sandwiches at a local deli is shown in the table. Using a 3 period weighted moving average (most recent demands receive the highest weights) with weights W1 = 0.50, W2 = 0.30 and W3 = 0.20, what is the forecast for day 8? Group of answer choices a. 39.3 sandwiches b. 41.3 sandwiches c. 43 sandwiches d. 43.3 sandwiches e. Impossible to determineQUESTION ONE (b) The forecast of a product for the first week of January was 200 units, whereas the actual demand turned out to be 220 units. i. Find the forecast for the week of January assuming the smoothing constant 0.2 α = ii. Find the forecast for the third week of third week of January if the actual demand of the second week is 210 units
- Question Four: ABC Company sells home appliances. Daily sales for a six-day period were as follows: Day Sales Saturday 20 Sunday 24 Monday 30 Tuesday 40 Wednesday 36 Thursday 44 Forecast Friday sales volume using each of the following methods: A three-day moving average. A four day weighted average using weights of 0.1, 0.2, 0.3 and 0.4 Exponential smoothing with a smoothing constant equal to 0.2, assuming Wednesday forecast of 42. Determine a linear trend line equation for ABC Company. Use the trend equation to forecast Friday sales volume.Question 21 A CFE of -140 suggests which of the following? Group of answer choices a. There is a bias towards over forecasting, though we cannot determine from the data provided whether that is severe bias or not b. There is a severe bias towards overforecasting c. There is a bias towards under forecasting, though we cannot determine from the data provided whether that is severe bias or not d. There is a severe bias towards under forecasting e. Bias is negligible in this caseQUESTION 1The table below shows the sales figures for a brand of shoe over the last 12 months.Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150 a. Using the following, forecast the sales for the months up to January the following year:-i. A simple three month moving average
- QUESTION 1The table below shows the sales figures for a brand of shoe over the last 12 months. Months SalesJanuary 69February 75March 86April 92May 95June 100July 108August 115September 125October 131November 140December 150 a. Using the following, forecast the sales for the months up to January the following year:- ii. A three period weighted moving average using weights of 1, 2 and 3. Assign thehighest weight to the most recent data.Discussion Questions: Question 1 (a) An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b) Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations? Question 3 Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.Question 35 Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been Actual Smoothed 54.4 76.8 54.4 75.5 72.3 53.2 74.8 39.2 57.6 What is the Mean Square Error of the smoothed series? (please round your answer to 1 decimal place)
- Question 2Chad and James are two veteran sales executives who have been working for a well-established car distributor selling new cars. About six years ago, believing that there were good prospects in starting a business in selling used cars, both gentlemen left their employment to venture out.Since the beginning of their company, sales had been quite positive, but the owners now wanted to know more about future sales using an appropriate forecasting method. For a start, they wanted to focus on the quarterly sales of a popular brand of used cars.The sales figures over the last five years were used for the forecast. They are presented in the table below. (c) Explain why forecasting, despite its usefulness or sophistication, should only be considered a useful tool for decision making in any business. What are other factors that need to be considered? (d) The business of selling cars in Singapore, like many businesses, is subject to uncertainties.Discuss three (3) external factors,…Question 1 Double Exponential Smoothing should be applied to time series with ____________________. Group of answer choices a. no trend and no seasonality. b. trend but no seasonality. c. seasonality but no trend. d. both trend and seasonality. Question 2 An analyst fits a Holt’s Double exponential smoothing model in StatTools to a time series data on sales with the smoothing parameters to be optimized by the software. In the output she notes that the optimized smoothing parameter for trend to be 0.0000. What does this imply? Group of answer choices a. There is no trend in the data. b. There is both trend and seasonality in the data. c. There could be trend in the data, but it is not smoothed over time by the model. d. This output does not make any sense!Question No. 1List the specific weaknesses of each of these approaches to developing a forecast:a. Consumer surveys.b. Salesforce composite.c. Committee of managers or executives. Question No. 2What kinds of capacity problems do many elementary and secondary schools periodically experience? What are some alternatives to deal with those problems? Question No. 3The XYZ company produces all type of office furniture. The “Executive Secretary” is a chair that has been designed using ergonomics to provide comfort during long office hours. The chair sells for $130. There are 480 minutes available during the day, and the average daily demand has been 50 chairs. There are eight tasks; TaskTime (min)Immediate predecessor A4- B7- C6A, B D5C E6D F7E G8E I6F, G Draw a precedence diagram of this operationWhat is the cycle time for this operation?What is the theoretical minimum number of workstations?Assign tasks to the workstationsWhat is the idle time per cycle?What is the efficiency of the…
