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YEAR SEASON 2 3 4. Winter 1,400 1,200 1,000 900 Spring 1,500 1,400 1,600 1,500 Summer 1,000 2,100 2,000 1,900 Fall 600 750 650 500

YEAR SEASON 2 3 4. Winter 1,400 1,200 1,000 900 Spring 1,500 1,400 1,600 1,500 Summer 1,000 2,100 2,000 1,900 Fall 600 750 650 500

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.5: Multistage Decision Problems
Problem 18P
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Question
George Kyparisis owns a company that manufactures
sailboats. Actual demand for George's sailboats during each of
the past four seasons was as fo llows:                                                                                                                 George has forecasted that annual demand for his sailboats
in year 5 will equal 5,600 sailboats. Based on this data and the
multiplicative seasonal model, what will the demand level be for
George's sailboats in the spring of year 5 ?
YEAR SEASON 2 3 4. Winter 1,400 1,200 1,000 900 Spring 1,500 1,400 1,600 1,500 Summer 1,000 2,100 2,000 1,900 Fall 600 750 650 500
Transcribed Image Text:YEAR SEASON 2 3 4. Winter 1,400 1,200 1,000 900 Spring 1,500 1,400 1,600 1,500 Summer 1,000 2,100 2,000 1,900 Fall 600 750 650 500
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