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Consider monthly demand for the ABC Corporation as shown in Table 7-3. Forecast the monthly demand for year 6 using moving average, simple exponential smoothing, Holt's model, and Winter's model. In each case, evaluate the bias, TS, MAD, MAPE, and MSE. Which forceasting method do you prefer? Why?
What is the average value of a loyal customer (VLC) at Abby's restaurants (see Chapter 3)? What is the best way to increase revenue given your VLC analysis
Profits have been decreasing and power plant executives are considering whether to use a production process that decreases costs (and therefore increases profits) but adds to the p
Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?
One of the most important aspects of managing risk for a project is to accurately define the size of the project. Determine the criteria that must be considered to perform the proj
Q1 Evaluate the service to club members and casual flyers by completing a table similar to Table 3.1. Q2 Chart the five performance objectives to show the differing expectations
Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?
Location
A manufacturing company would like to measure total factor productivity and labor productivity. Given the following data for the last 3 years, find the total factor and labor ratio
Prepare a brief analysis of the vacation cruise industry using Porters Five Force Analysis. Briefly discuss the nature and strength of each of the five competitive forces. Identify
Identify and describe a current situation, within your current or former organization, where the challenges of the process of change, due to a competitive global environment, has
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