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Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows:a. Compute the MSE and MAD for each forecast. Does either forecast seem superior? Explain.b. Compute MAPE for each forecast.c. Prepare a naive forecast for periods 2 through 11 using the given sales data. Compute each of the following; (1) MSE, (2) MAD, (3) tracking signal at month 10, and (4) 2s control limits. How do the naive results compare with the other twoforecasts?
daily demand for a product is approximately normally distributed with a mean of 138 and a standard deviation of 24 units. Order lead time is 9 days. Illustrate what is appropriate reorder point (in units) if target service level is 82%.
A Quality Assurance (QA) Program is essential to the success of any business.In establishing your grocery delivery business, what are some of the Quality Control (QC) processes that you envision employing? Why? Provide examples of potential metric..
An automobile emissions testing center has six (6) inspectors and tests 50 autos per hour. What does the math look like
Consider how the tools of reallocation (seeding, nurturing, pruning, harvesting) could be applied to organizations for which you have worked (even a small business). Give example that other students will understand. (in 160 characters)
you have just calculated the present value of the expected cash flows of a potential investment. management thinks your
Flying Lukas needs to check in at Columbia Airport to take his flight to New York. He can choose either to check in with a self-service counter or with an agent. During busy periods, a new passenger walks to a self-service counter every minute (with ..
When a patient is sent to another hospital, the hospital has to put a staff with adequate skills to guarantee the patient's life, which costs the hospital $200 per patient sent
oneses sue Morrisons for their injuries. Explain whether Morrisons owe a duty of care to Andrew also Arvid.
What are the pros and cons of doing business in China? Why America outsource so much? Summarize doing business in China.
Select and administer a formative assessment to students. Report the results of the formative assessment. Reflect on the experience. What did you learn about students' abilities? What did you learning about the process of administering the assessm..
What steps/actions would an organization take to determine whether the supply management operation has the appropriate internal competencies to achieve competitive advantage? Respond to at least two of your classmates' postings.
Develop a PowerPoint presentation for your company or an imaginary company for an upcoming all-staff meeting detailing some of the metrics you are proposing for measuring the company's supply chain performances. Analyze a minimum of three (3) metr..
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