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Ms. Kathleen Boyd, director of logistics for the Scenic Calendar Company, wishes to evaluate two methods of time series forecasting. She has collected quarterly calendar sales data from the years 2008 and 2009.
a. Use the moving averages technique to find forecasted sales for the third quarter of 2009 based on actual sales from the previous three quarters.
b. Use simple exponential smoothing to forecast each quarter's sales in 2009, given that Ms. Boyd qualitatively forecasted 900 calendars for quarter 4, 2008. Ms. Boyd has assigned an alpha factor of .1 for time series sensitivity.
c. Repeat the simple exponential smoothing problem above (part 5b) with Ms. Boyd employing an alpha factor of .2.
d. How well do the moving averages and simple exponential smoothing techniques seem to work in Ms. Boyd's situation? In what ways do the techniques appear to fail?
Twelve containers are authorized for the part. Recall which p-bar is the average processing time per container not per individual part. Find out the value of the policy variable, α, which expresses the amount of implied safety stock in the system.
MiaPizza is a small family-run pizza parlor that accepts only cash. A customer places a pizza order by calling the store. MiaPizza takes the order over the phone. The order is entered into the system. Customer pizza is prepared and boxed. A customer ..
A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable variation is from .033 to .047 defective.
Illustrate what potential legal or ethical issues which might be encountered if this type of policy is implemented as well as ways to avoid these issues.
The oasis outpost of Abu Ilan, in the heart of the Neveg dessert, has population of 24 Bedouin tribesmen and 16 Farima tribesman. El Kamin, a nearby oasis, has a population of 8 Bedouin s and 36 Farima. What is the probability that he wandered into A..
Which is NOT an example of feedback in the communication? process?
Standard-setting process Canada Printing Group, Inc. (CPGI), has recently begun the process of acquiring small to medium-size local and regional printing firms across the country to facilitate its corporate strategy of becoming the low-cost provider ..
resources scenario provided by facilitator in week three and week three learning team assignmentcreate a 5- to 7-slide
A description of a business situation that presents a legal and ethical issue. A description of at least two ethical theories under which the situation will be analyzed. An explanation of the specific areas of law under which the situation will be an..
You are the project manager for a major IT project. You believe your contractor in a fixed-price contract is behind schedule. You decide to do an unannounced inspection of the work of the seller on the job site. Would you legally be permitted to do a..
A composer is commissioned to write a piece of music for a film that becomes the most downloaded single by itunes for the two weeks surrounding the films release. Who owns the copyright—the composer or the film producers? A high school theater group ..
Corruption and bribery are common in some countries. Would you avoid locating in such a country, or locate there and deal with it? If the latter, how would you deal with it?
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