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Q. We are utilizing simple exponential smoothing can be used to predict electric shaver sales at Hook's Drug Store. At the end of October 2006, our forecast for December 2006 sales was 40.In November 50 shavers were sold also during December 45 shavers were sold. Assume alpha: 0.50. At the end of December 2006, illustrate what is our prediction for total number of shavers which will be sold during March also April of 2007?
Elucidate however, there is not enough money for a full-blown, cross-functional enterprise application, also you will need to limit first step to a single functional area or constituency. Illustrate what will you choose, also why.
Customers who collect four winning lottery tickets are eligible for "BIG SPIN" for large payoffs. Illustrate what is probability of qualifying for big spin if a customer fills up 7 times.
Currently manager orders once a month. Explain how much could industry save annually in ordering and carrying costs by using EOQ.
Explain how much more expensive is the next lowest cost option. For the optimal order quantity, illustrate what is the inventory position immediately after an order is placed.
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.
The jobs that consist of multiple operation, what states the sequence in which those operations must be performed?
RVW (Restored Volkswagens) buys 15 used VW's at each of two car auctions each week held at different locations. Formulate this problem as a transshipment linear programming model. Solve the problem using the computer. Provide a Excel file.
Explain how you could use JIT or Lean methods to make your life more efficient. Identify an activity or task which you do regularly also discuss application of JIT or Lean methods to eliminate waste.
This activity requires you to write down a Research Paper on the subject of your choice in Technology and Innovation Management.
Propose a linear programming model which can be used to find out the optimal production schedule that will best achieve the goals of Richland Manufacturing Company.
Explain your invention thoroughly (features, costs, training needed to operate and hardware requirements) and then outline its benefits to health information system and its benefits to patients as well. Include graphics, logo or some visual aid.
Concept of providing wireless access to workers from the perspective of worker benefits also the effect to the organization.
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