Weighted moving average method to forecast pancake sales

Assignment Help Operation Management
Reference no: EM13967299

John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 7 to the previous month's demand, 4 to demand two months ago, and 2 to demand three months ago. If sales amounted to 1000 pancakes in May, 2200 pancakes in June, and 3000 pancakes in July, what should be the forecast for August?

Reference no: EM13967299

Questions Cloud

Find out the revenue maximization : Architect Elaine Benes is managing director of Designed for Sales (DFS), Inc., an Evanston, Illinois-based designer of single-family and multifamily housing units for real estate developers, building contractors, and so on. Benes' challenge is to ..
Provide some examples of waiting lines in everyday life : Complete this essay in a Microsoft Word document, answer each of the essay question. Provide some examples of waiting lines in everyday life. What decisions must managers of such systems consider?
Cycle time for the vats is about two hours : A machine cell uses 256 pounds of a certain material each day. Material is transported in vats that hold 16 pounds each. Cycle time for the vats is about two hours. The manager has assigned an inefficiency factor of .10 to the cell. The plant operate..
Explain the ethical considerations discussed by the author : Describe the hypothesis and/or research question posed by your selected study.
Weighted moving average method to forecast pancake sales : John's House of Pancakes uses a weighted moving average method to forecast pancake sales. It assigns a weight of 7 to the previous month's demand, 4 to demand two months ago, and 2 to demand three months ago. If sales amounted to 1000 pancakes in May..
Shipping cost for shipments to a disposal center : A company that handles hazardous waste wants to minimize the shipping cost for shipments to a disposal center from five receiving stations it operates. Given the locations of the receiving stations and the volumes to be shipped daily, determine the l..
Output is monitored using means of samples of observations : An automatic filling machine is used to fill 1-liter bottles of cola. The machine’s output is approximately normal with a mean of .92 liter and a standard deviation of .02 liter. Output is monitored using means of samples of 28 observations.
How does the work culture in the us differ from germany : How does the work culture in the U.S. differ from that in Germany? What do you see as the basic advantages and disadvantages of each system? If you were the top operations executive for an international department store chain with stores in both Ger..
Schedule of cash collections : Schedule of Cash Collections of Accounts Receivable

Reviews

Write a Review

Operation Management Questions & Answers

  At what point does break-even occur

Also calculate the overall return on investment of the project and then present a break-even analysis. At what point does break-even occur?

  Present value of annuity problem

You will receive $1,000 at the end of the next 10 years, assuming a 7% discount rate, what is the present value of the cash flows?

  Hypothesize the changes that require improvement

Research and analyze the organization’ (southwest airlines) Human Resource Management programs, policies, procedures, or initiatives. Evaluate their effectiveness and select a program, policy, procedure or initiative which you believe needs to be cha..

  Quality management

Describe the process that you plan to use to conduct research, identify findings, and develop the Comprehensive Project on "Hotel Escargot" scenario.

  Was electric companys action to disconnect power right

A 93 year old man froze to death in his home after the municipal power company restricted his electricity because of an unpaid bill. He died of hypothermia — the medical examiner called it a slow, painful death. Was the electric company's action to d..

  Calculation of the total cost

ABC corporation found that its total indirect costs is $10 million per year.ABC employs 100 direct labor who work 40 hours per week over a 50 working weeks per year.

  What profit does cheapest earn per week with current system

Cheapest Car Rental rents cars at the Chicago airport. The rental market consists of two segments: the short term segment, which rents for an average of 0.5 weeks, and the medium-term segment, which rents for an average of 2 weeks. Identify throughpu..

  Under the weights and measures regulations

Under the Weights and Measures (Packaged Goods) Regulations 1986, display of the text '330 ml e' on a bottle of beer with nominal content volume of 330 ml means that not more than 2.5% of bottles may be deficient in content volume by more than the to..

  Roles and responsibilities and deliverables

Identify three TQM tools that may be used for ongoing process improvement. Be sure to describe who will use the tool, when it will be used, and what interval and how it will lead to process improvement.

  Determine a new allocation for the odifs

Determine a new allocation for the ODIFs using the two larger airplanes. Briefly summarize the major differences between the new allocation using two Boeing 757-200 airplanes and the original allocation shown in Figure 5.5.

  The term unethical behavior is defined as behavior

The term "unethical behavior" is defined as behavior that does not conform to generally accepted social norms.

  In brief explain three alternative systems for this

the owner of two pizza parlors located in adjacent towns wants to computerize and integrate sales transactions and

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd