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Q. 1. Illustrate what is a qualitative forecasting model also when is its use appropriate?
2. Elucidate why forecasting devices such as moving averages, weighted moving averages also exponential smoothing are not well suited for data series that have trends.
3. Give examples of industries that are affected by seasonality. Why would these businesses want to filter out seasonality?
4. Give examples of industries in which Demand forecasting is dependent on the Demand for other products. Elucidate how does that affect their forecasting method?
5. Illustrate what are some of the obstacles also benefits to creating a flexible workforce? Illustrate what industries likely can take advantage of flexible workforce?
6. Illustrate what are some of the obstacles also benefits to subcontracting? Illustrate what industries likely can take advantage of subcontracting?
Find out in your organization an aspect of the operational process which could benefit from use of one or more of the given techniques: business or predictive analytics, dashboards, decision support systems and supply chain management.
Find the solution that minimizes moving costs using Microsoft Excel. Illustrate what would you have to do to the costs to assure that A always sends a car to D as part of the optimal solution.
Explain why does Video Vault differ from Blockbuster in number of copies of movies it stocks. Would a studio that owns title to movie be indifferent between stocking policies of Video Vault and Blockbuster.
Illustrate what do the initial control charts tell you. Do any out-of-control conditions exist. Illustrate what is the process capability. Illustrate what do the process capability indexes tell the company.
Over past week, plant has rendered an average of 7.3 tons per day because third shift has devoted much of ir time to preventive maintenance. Illustrate what is utilization of plant.
The distances in miles from the waiting taxis to the customers are given in the subsequent table. Find out the optimal assignment of taxis to customers so as to minimize total driving distances to the customers.
A single machine work center has 5jobs assigned to it. Using first-come-first-served priority rule, illustrate what is number of late (tardy) jobs.
Evaluate the idea of supplying generic printers to the Europe DC and integrating the product by packaging the power supply and the instruction manual at the DC just prior to delivery to the European resellers.
Show your supporting calculations. If construction manager were an optimist, illustrate what criterion would he choose. Illustrate what would be choice of dwelling for that criterion. Show your supporting calculations.
From above scenario, Classify different entities, logical processes, data flows and data stores that are involved, starting from time you submitted your time sheet.
A short discussion on the elements considered necessary for research to be considered good research.
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. Determine annual cost of ordering and carrying cloth.
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