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Sales of vegetable dehydrators at Bud Banis' discount department store in St. Louis over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the upcoming four months (March, April, May, and June of 2010). Month 2009-2010 Unit Sales Forecast Managements Forecast July 100 August 93 September 96 October 110 November 124 December 119 January 92 February 83 March 101 120 April 96 114 May 89 110 June 108 108
(a) Compute MAPE for management's technique
(b) Do management's results outperform (ex have smaller MAPE than) a naive forecast?
(c) Which forecast do you recommend, based on lower forecast error?
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
How are Hypothesis Development and Theoretical Framework employed in Healthcare? How does the Measurement of Variables (Operation Definition) play a role in Healthcare Field.
The problem deals with discussing the differences between constrain and objective function under linear programming.
Determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs.
Formulating the linear programming model which can be employed to determine the production plan that will yield the maximum possible annual profit contribution for company.
How many days should the marketing manager allow for completion of the critical path if he wants to be 99% sure that the critical path will be completed within this allowed time?
This solution explains some of the risks that are inherent with doing business in China. For many global companies, China represents a highly attractive market in terms of size and growth rate.
Operations Management problem relating to an organisation with which you are familiar and undertake a critical review
A single pigeon has a 0.7 probability of arriving at the proper destination in a timely fashion. How many pigeons, each carrying an identical set of orders, must Grant send in order for him to have 98% confidence (reliability) that the orders reach G..
Define the business research and its purpose. Discuss the business problems under investigation. Explain the data collection methods used in the research project.
This solution describes key aspects of corporate social responsibility. Explain the five areas of CSR which you would deem important to change in any organization in order to make an emerging paradigm with regard to social responsibility.
As an introduction to this training series, write a two-to-three page paper outlining the common law tradition and sources of law
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