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For a product the demand data has been shown in the table below for the year. Compare the forecasts using a forecasting method with a period of 5 months and an Exponential smoothing Method with an α of 1/3. For Exponential Smoothing use the midpoint of first 5 month range of the average as the initial Forecast. (Updated Hint: the Exponential Smoothing Forecast therefore in March 2013 for April 2013 will be 4951)
Month Demand
jan 4576
Feb 5568
Mar 3240
Apr 5978
May 5395
Jun 4644
Jul 5880
Aug 6096
Sep 5967
Oct 5828
Nov 5808
Dec 6076
From June to December which method of forecasting outperform the others?
A production plant with annual rent of 100,000 SAR and a total salary of 25,000 SAR per month. The variable cost per unit is 40 SAR and it is sold for 100 SAR. What are the break-even quantity and cost? Illustrate with a break-even chart.
Develop the new aggregate plan and compute its costs. Comment on the staffing level with five accountants. Was it a good decision to hire the additional accountant
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Please distinguish between Management and Leadership and refer to the areas of the application of each of them.
A fleet repair facility has the capacity to repair 500 trucks per month. However, due to scheduled maintenance of their equipment, management feels that they can repair no more than 450 trucks per month. Last month, two of the employees were absent s..
Let’s assume you have been offered a job by Jekyll Corporation, a company in the consumer products industry. The job is in your chosen career path. Jekyll Corporation has offered you a position that would begin 2 weeks after you graduate. What start..
Confidentiality, Autonomy, Fidelity and Truth Telling are situations in which the law and ethics have similar expectations. Explain each situation with an example you can share.
Ettlie Engineering has a new catalyst injection system for your countertop production line. Your process engineering department has conducted experiments and determined that the mean () is 8.02 grams with a short-term standard deviation () of 0.035. ..
Describe the role of emotional intelligence (EI) in the effectiveness of a leader.
What are the major costs of international logistics? Given about the World Trade Organization, what trend do you expect these costs to follow?
Describe the differences between measuring human performance and metrics for task completion - Where would this activity (task) be performed within the organisation?
write a proposal of no more than 750 words outlining the research approach you will use for your strategic plan due in
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