Analyze six sigma impacts on quality improvement

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Reference no: EM132261718

1. Analyze six Sigma's impacts on quality improvement and the cost of care. Has the emphasis on Six Sigma helped quality improvement?

2. As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing. The actual demand in year 2013 was 800. The forecast demand in year 2013 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 forecast value?

3. If annual demand is 30,800 units, the ordering cost is $45 per order, and the holding cost is $0.65per unit per year, which of the following is the optimal order quantity using the fixed-order-quantity model? Please keep your answer with 2 decimal places.

Reference no: EM132261718

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