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After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three periods from 1 to 4, for an average of +10 units. Period Actual Period Actual 1 211 6 265 2 225 7 262 3 227 8 283 4 241 9 285 5 260 10??? Use? =.5 and? =.1, and TAF of 250 for period 5. Obtain forecasts for periods 6 through 10. (Round your intermediate calculations and final answers to 2 decimal places.) T Period TAFt 6 7 8 9 10
Question 1: (a) Using appropriate examples, explain in details the different approaches that operations managers can use to reconcile capacity and demand. (b) Critically S
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