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Select a product that you can purchase at a grocery store or at a discount retailer and respond to the following: Identify the factors that would impact the demand for the product that you have selected.
If you wish to develop a forecast of the demand for this product in a future month (or for other appropriate time period), identify what type of forecasting method would be appropriate.
Identify the variables for which you would need values to be able to calculate an actual forecast for a future month (using the forecasting method you selected).
Create an equation that you believe would accurately predict the demand for this product in a future month and solve the equation to derive a forecast for this product in the future month that you had selected.
Illustrate what is efficiency of line balanced as in d. Suppose which demand rose from 750 to 800 units per day. Illustrate what would you do? Show any amounts or calculations.
Explain the importance of correctly stating the objective function and constraints in linear optimization problems
You are designing a grocery delivery business. Via the Internet, your company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time
This is a long term strategic decision in which factors might change in the next 10 t0 20 yrs. Elucidate how will this influence the decision.
A hotel is considering changing its waiting line system. In the current system hotel guests divide themselves equally between the lines that form in front of 4 hotel clerks
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 15,000 units of output each month
There are two vendors who can supply you with empty cans used in your pickle business. One says he'll replace any cans you find defective free of charge.
Elucidate how much of a leading edge do you think which organisations using these tools also techniques in an integrated manner might gain from point of view of corporate performance.
Illustrate what are some of the obstacles also benefits to creating a flexible workforce. Illustrate what industries likely can take advantage of flexible workforce.
Describe how effective was the OD consultants' data gathering. The content of the data? The process of describe how the data were collected.
The subsequent tabulations are actual sales of units for six months also a starting forecast in January.Compute forecasts for the remaining five months utilizing simple exponential smoothing with.
illustrate what are your thoughts on having a "contingency" budget to use in event of these unplanned emergencies. Illustrate what are key managerial skills also competencies. Explain how they vary across management levels.
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