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Altavox is considering a new option for distributing the model VC 202 where, instead of using five vendors, only a single vendor would be used. Evaluate this option by analyzing how accurate the forecast would be based on the DEMAND AGGREGATED ACROSS ALL REGIONS. Use the model that you think is best from your analysis of questions 1 and 2. Use a new criterian that is calculated by taking the MAD and dividing by the average demand. This criterian is called the mean absolute percent error (MAPE) and gauges the error of a forecast as a percent of the average demand.
Systems thinking is a way of understanding reality that emphasizes the relationships among a system's parts, rather than the parts themselves. What does this mean? Why is Systems Thinking needed? What works against the adoption of Systems Thinking?
If you see a sample of observations falls outside the control limits of a control chart,
When do the formulas for EOQ and EPQ become the same?
IT Professional work hard to protect key characteristics of an asset from security breaches. One of these characteristics is ______, or the property that data is accessible and modifiable when needed by those authorized to do. a) intergrity, b) confi..
multiple regression analysis is widely used in business research in order to forecast and predict purposes. it is also
How likely is it that the store owner will make between $6,000 and $7,000 if she implements your suggestion?
7-Eleven, Circle K and VanGO are the most popular convenience stores in Hong Kong. Analyze the industry structure of convenience stores in Hong Kong and assess its attractiveness with Porter’s five forces model. Give and discuss TWO of the limitation..
Compute MSE using the most recent value as the forecast for the next period. What is the forecast for month 8? Compute MSE using the average of all the data available as the forecast for the next period.
Determine the least squares regression line using Excel. Determine the MSE for the trend line (in a) and the 3 month moving average (in c.) Which forecasting method is better? Explain.
Sturbucks sells coffee in more than 62 countries, with more than 19,000 stores world wide... and it will open up to 50 coffee shops, starting in 2014 in Colombia, country ranked #4 in the world in coffee production and Starbucks being the main buy..
You are working on a client-driven project. You were told very specific operating guidelines up front, and the client has used these to critique you throughout the project. Nevertheless, your final output met or exceeded all client standards. Make co..
How much must setup time decline in order for the lot size to fall to 50 units? 25 units? 10 units? Explain how you determined the declines in setup time you calculated.
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