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Actual demand for a product for the past three months was Three months ago 410 units Two months ago 360 units Last month 325 units a. Using a simple three-month moving average, make a forecast for this month. (Round your answer to the nearest whole number.) Forecast for this month units b. If 284 units were actually demanded this month, what would your forecast be for next month, again using a 3-month moving average? (Round your answer to the nearest whole number.) Forecast for the next month units c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 460 units and the smoothing constant was 0.40? (Round your answer to the nearest whole number.) Forecast for this month units
Expando, Inc. is considering the possibility of building an additional factory that would produce a new addition to their product line. The company is currently considering three alternatives: build small plant, build large plant, and do nothing.
The moment a project is behind deadline, quality assurance tends to go out the window" (Alan Cox). Do you agree or disagree with this statement. List two challenges that project managers are likely to face while trying to balance between quality and ..
Four cargo ships will be used for shipping goods from one port to four other ports (labeled 1, 2, 3, 4). Any ship can be used for making any one of these four trips. Reformulate this problem as an equivalent transportation problem by constructing the..
Explain which three you think are the most important and why. Give one or two suggestions for coping with culture shock that are not in Ferraro and explain why you think they should be included in the list.
the expected benefit of selecting machine B is $80,000 with a probability of 50percent also the expected benefit of selecting machine C is $60,000 with a probability of 75percent.
Your computer application company has won a court settlement for a patent infringement, you have a choice of taking $50,000 now or $1,100 paid monthly over a 5-year period. The current rate of return on a fixed investments is an APR of 3% per year. W..
What other types of non-monetary motivators do you think are effective (e.g., handwritten thank you notes, attention, friendliness)? Herzberg suggests that over-the-top pay will not motivate if the higher order needs remain unfulfilled (e.g., esteem,..
An automobile brake supplier receives an average of 1,000 orders per week. An average of 500 orders are waiting to be processed.
Janie manages a small marketing department. She was told by her boss that she needs to do more to empower her staff and delegate responsibility. Why should she make the effort to empower/delegate?
As the promotional manager for a new line of cosmetics targeted to preteen girls, you have been assigned the task of deciding which promotional mix elements—advertising, public relations, sales promotion, and personal selling—should be used in promot..
Consider this with regard to both strategy formulations also strategy implementation. Illustrate what are shortcomings of using measures to justify project selection also illustrate what suggestions can you offer to address se shortcomings.
How many machines should be purchased to meet the upcoming year's demand without resorting to any short-term capacity solution?
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