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The following table shows the capacity required (in thousands of unspecified units) for the production of an Online service over the next 18 months.
Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Demand 25 30 32 33 32 31 30 29 28 28 29 31 30 32 33 32 34 35
Based on MAD, which model is better, a 6 month or a 4 month moving averages? Based on your selection, what is the forecast for month 25?
Based on MAD, which model is better, an exponential smoothing with smoothing constants of 0.7 or 0.8? Based on your selection, what is the forecast for month 25?
Does a linear regression model is better than any of the previous (four) models? Explain.
What is Little’s Law? Provide an example of Little's Law's application. Describe the business (a company you chose in your example) and then explain how the business could use Little's Law in its operations.
Many organizations do not integrate cost, schedule, and scope when measuring performance against plan. Fleming and Koppelman refer to this practice as traditional project cost management. How does a traditional “plan vs. actual” cost monitoring appro..
What functional strategies does an organization need. What might provide the basis upon which an organization decides on a competitive strategy
a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?
While monitoring the forecast values based on simple moving average method (averaging period = 3), the tracking signals are consistently coming out as large positive numbers (i.e., 4.0, 6.2, and 5.5). What should we do to the forecast model?
What decision would an optimist make? Why?
The administrator of the Life-Time Insurance Company HMO, Ms. Taylor, was anxious to solve potential problems before their new clinic opened in Austin, Texas. In Buffalo, New York, where the original clinic is located, the pharmacy had been extremely..
One of the reasons that hypermarket retailing chains are successful to realize economies of scale is that:
For market segmentation and targeting, direct marketers rely most heavily on:
Given Pitney Bowes' growth and globalization strategies, analyze the forces for and against maintaining an organizational culture that supports diversity as a business impertive.
The Goldman Cat House is a pet store catering to the needs of felines. The store is a sole proprietorship, taking in revenues of approximately $1,700,000 annually. Products available include kittens, cat food, cat toys, cages, collars, cat litter and..
The firm WebsAreUs creates and maintains Web sites for client companies. There are two types of Web sites: “Hot” sites change their layout frequently but keep their content for long times; “cool” sites keep their layout for a while but frequently cha..
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