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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?
Discuss the project environment and illustrate what adjustments would desire to be made if the project was conducted in the United States versus this country.
The branch manager wants to improve the service and suggests dispatching buses every 0.5 minutes. She argues that this will reduce the average traveling time (a round trip) to 2.5 minutes . Is she correct? If your answer is negative, then what wil..
Think of a recent experience in a work environment in which the individuals' attitudes or emotions influenced their behaviors. What was the outcome? How could the outcome been different?
A wood products firm uses available time at the end of each week to make goods for stock. Currently, two products on the list of items are produced for stock: a chopping board and a knife holder.
forecast for demand they will use a normal distribution with a mean of 300,000 and a standard deviation of 106,000. How many kilograms should they place in this warehouse before the 2011 growing season?
Illustrates what capacity planning involves acquisition or disposal of fixed assets like buildings, equipment or facilities. Describe goals which they will pursue also decide upon specific actions for each area of the organization to take in pursui..
measurement is only a handmaiden to improvement but improvement cannot act without it. Do you agree or disagree with this statement? Why or why not? Provide at least three specific reasons to support your position.
In operations management, as in life, a balanced approach is often best policy. One of best examples of benefits of this in operations management is lean approach. Explain basic factors that must be in place in order to achieve a balanced lean sys..
Illustrate what can a organization do to detect also combat the efforts of unscrupulous foreign suppliers to deceive inspection/compliance teams.
Formulate a balanced transhipment problem (draw the transportation tableau) which can be used to minimize the shipping costs incurred in meeting consumers' demands. Solve the problem by utilizing QM for Windows.
Elucidate how would you have ruled on the case when it was tried in 2001. Elucidate. Would the result be any different today after the Supreme Court's 2005 decision in the New London, Connecticut, case. Elucidate.
What are some elements of a successful project communications plan?
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