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Bruce is in charge of a production area for a company that makes small personal aircraft. He is working late on a monthly forecast for landing gear assemblies. He has decided to use exponential smoothing and last year's landing gear production numbers to forecast demand for the next three years. Is he on the right track? Why/Why Not? Explain.
Simulate 3000 days of operation to calculate the hotel's average daily cost due to overbooking and opportunity costs.
Mountain States Electric Service is an electrical utility company serving several states in the Rocky Mountains region. It is considering replacing some of its equipment at a generating substation.
The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2-year degree program they should pursue.
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 15,000 units of output each month
If you do not know the business it is important to find out everything you can about it. One of the most important things to do prior to purchasing a business is "due diligence".
The president of a small manufacturing firm is concerned about the continual growth in manufacturing costs in the past several years. The data series of the cost per unit for the firm's leading product
By the early 1970s IKEA had established itself as the largest furniture retailer in Sweden. What is IKEA's strategy towards its suppliers? How important is this strategy to IKEA's success?
SWOT Analysis Internal Analysis (Strengths and Weaknesses). For example: Describe the company's competitive advantage by discussing its efficiency, quality, motivation, and customer responsiveness.
When is the best time to promote? Is there seasonality in the market? Are there any wider environmental issues that suggest or dictate the timing of your market launch, or the timing of subsequent promotions?
When during the day would trucks be waiting. Explain how much truck waiting time would you expect. Illustrate what is the maximum number of trucks waiting during the day
Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
Illustrate what are the main objectives of work-center scheduling. Illustrate what are the differences among occupation shop, Group Technology cell and flow shop.
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