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Q. 1. Illustrate what is a qualitative forecasting model also when is its use appropriate?
2. Elucidate why forecasting devices such as moving averages, weighted moving averages also exponential smoothing are not well suited for data series that have trends.
3. Give examples of industries that are affected by seasonality. Why would these businesses want to filter out seasonality?
4. Give examples of industries in which Demand forecasting is dependent on the Demand for other products. Elucidate how does that affect their forecasting method?
5. Illustrate what are some of the obstacles also benefits to creating a flexible workforce? Illustrate what industries likely can take advantage of flexible workforce?
6. Illustrate what are some of the obstacles also benefits to subcontracting? Illustrate what industries likely can take advantage of subcontracting?
The solution does a great job of answering the question. The solution is brief and very easy to follow along. All the steps are clearly shown. It can be easily understood by anyone with basic understanding of topic.
Elucidate how do they tend to differ from the more adversarial relation of the past. Why might suppliers be hesitant about JIT purchasing.
Elucidate how often (illustrate what percentage of time) is each service desk idle. Illustrate what is the probability that both service clerks are busy.
Airline knows from past history that an average of 25 customers cancels ir reservation or do not Show for flight. Revenue from a ticket flight is $125. By explain how many seats should super discount overbook flight.
Outdoor furniture manufactures two products, benches and picnic tables. The firm has 2 main resources: its carpenters(labor force) and supply of redwood for use in furniture. This query contains 1 Linear programming problem solved by using QM for wi..
Find out the optimal solution by using the graphical solution procedure. How many tons of each product must be produced and what is the project total profit contribution?
Specifications for the 12-ounce bar are 330 grams to 350 grams. Illustrate what is the largest standard deviation (in grams) that the machine that fills the bars molds can have and still be considered capable if the average fill is 340 grams.
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Due to the physical separation of these 2 steps, an additional delay of 0.5 days is allowed for transportation. If daily demand = 13 units, Elucidate what is the production. Lead Time between Steps 1 also 2.
describe whether you relied on external or internal sources of information to help you make every decision also whether you think you were more linear or nonlinear in describe how you processed which information.
Develop, in equation form, linear programming model that will determine the optimal number of pickup trucks and moving vans Bay City Movers should purchase.
Illustrate what is number of orders per year if manager uses current order quantity of 1600. Also illustrate what is number of orders per year if manager uses Economic Order Quantity.
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