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Sales of quilt covers at Bud Banis’s department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): july 100 august 93 september 96 october 110 november 124 december 119 january 92 february 83 march 101 120 april 96 114 may 89 110 june 108 108 Compute MAD and MAPE for management’s technique. b) Do management’s results outperform (i.e., have smaller MAD and MAPE than) a naive forecast? c) Which forecast do you recommend, based on lower forecast error?
In your own words, describe crashing, fast tracking, and scope reduction as means of schedule compression. When would each be appropriate? Which methods would you consider better first-choice methods by most project sponsors? Would any of these metho..
A bottle-filling process has three opportunities for success or failure the amount of product put into the bottle; the correct assembly of the lid; and the correct application of the bottle label. Find the defects per million opportunities (DPMO) giv..
Define and describe the competitive and macroenvironments of a business, including some of the elements in each.
Discuss ISO 14000 and ISO 14001 and briefly describe what companies must do to achieve this rating. Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material mu..
How high must reliability be? Prime business customers expect public carrier-class communications data links to be available 99.999 percent of the time. The so-called five nines rule implies only 5 minutes of downtime per year. Such high reliabi..
Bushwood Supermarkets is a major food retailer in the Philadelphia area. The chain has over 60 stores that receive merchandise from their Scranton, Pennsylvania warehouse.
a well-known professional baseball player is suspected of having used steroids and other performance-enhancing drugs.
The tennis club has a number of inventories it must manage and must minimize all its expenses to stay in business. For each inventor, describe a goo management policy or system
Identify some of the major risks that must be addressed by supply chain management and give examples of how those supply chain risks can be mitigated.
Describe the generic product development process described in this chapter. How does this process change for "technology push" products?
In operations management, as in life, a balanced approach is often best policy. One of best examples of benefits of this in operations management is lean approach. Explain basic factors that must be in place in order to achieve a balanced lean sys..
Superior Products Inc. is considering two potential equipment alternatives for production of their best selling product line. Option 1 involves proven equipment: Fixed cost investment of $800,000 Variable cost of $45/unit.
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