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Q. In 2009, the board of regents responsible for all public higher education funding in a large Midwestern state hired a consultant to develop a series of enrolment forecasting models, one for each college. These models used historical data also exponential smoothing to forecast the subsequent year's enrolments. Depended on the model, which comprised a smoothing constant (α) for each school, each college budget was set by the board. The head of the board personally selected each smoothing constant depended on illustrate what she called the "gut reactions also political acumen"
a. Illustrate what do you think the advantages also disadvantages of this system are? Answer from the perspective of
i. The board of regents also
ii. The president of each college.
b. Explain how can this model be abused also illustrate what can do done to remove any biases?
c. Explain how can a regression model be used to product to produce results which favour over another?
Customers arrive at an automated coffee vending machine at a rate of 4 per minute, subsequent a Poisson distribution. Coffee machine dispenses a cup of coffee in exactly 10 seconds. Illustrate what is average number of people waiting in line.
Elucidate how are organizations similar to living things. Illustrate what are organizational behaviour model also its focus. Why is it important to understand organizational behaviour.
The Corporation's market research department advises the Corporation to use at most 90% of the advertising budget on television ads. Describe how should the advertising budget be allocated to maximize the total audience.
Explain how the process view of an organization is likely to uncover the desire for greater inter functional cooperation and greater decentralization of the organization.
Determine monthly volume necessary at each location to realize a monthly profit of $10,000. owner of Genuine Subs, Inc. hopes to expand present operation by adding one new outlet.
Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Presently, there are approximately 20,000 different SKUs with a total dollar usage of $10,000,000 per year.
Illustrate what does it mean to take a systems view of a project. Elucidate how does taking a systems view of a project apply to project management.
Illustrate what are some or possible options for those organizations that lack necessary skills in this area.
Illustrate what is optimal order quantity. Illustrate what is annual holding cost. Illustrate what is annual ordering (setup) cost. Illustrate what are annual costs of silverware itself with an optimal order quantity.
The new process would have fixed costs of $90,000 also variable costs of $5. Illustrate what is the crossover point for these processes.
Illustrate what are the key issues facing Goggle at the time this case (2010) illustrate what written and illustrate what strategic options can the company pursue to resolve these issues.
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. What is annual cost of ordering and carrying cloth.
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