OPERATIONS MANAGEMENT (LL) W/CONNECT
OPERATIONS MANAGEMENT (LL) W/CONNECT
14th Edition
ISBN: 9781265502942
Author: Stevenson
Publisher: MCG CUSTOM
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Chapter 11, Problem 9DRQ

Briefly describe the planning techniques listed as follows, and give an advantage and disadvantage for each:

a. Spreadsheet

b. Linear programming

c. Simulation

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Students have asked these similar questions
Explain the term Forcasting. Why forcasting are Forecasting is one of the important functions of management. It is a part and parcel of planning function. Forecasting means prediction about future. Forecasting means analysis of future about the operations of an enterprise. It involves looking ahead for future event. Forecasting means a process of providing the details supported by budget. Forecasting means drawing a conclusion about production, sales, profit on the basis of research, study & survey.
When Mikayla decided to open a café, she had to decide how much seating she should have in her café so she could rent a large enough space. In order to figure this out, she had to estimate the demand she might have, that is, how many customers she would likely have based on her products and location. Mikayla was: Group of answer choices a) Forecasting b) Production planning c) Managing operations d) Marketing
Describe how decision analysis is similar to and different from simulation analysis and scenario analysis (at least 75 words)

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OPERATIONS MANAGEMENT (LL) W/CONNECT

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