Forecasting adn Time Series Anlaysis, Operation Management

Assignment Help:
To answer Question 1:
Use the forecasting module that you opened in the POM-QM for Windows software to solve the Southwestern University case study at the end of Chapter 4 of the Heizer and Render (2014) textbook. For this case study, you are required to build a forecasting model. Assume a trend analysis (regression over time) forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of the POM software. Answer the three Discussion questions given in the case study. Explain your reasoning or show your calculations.
Question 2
Print Page
• Launch the POM-QM for Windows software and from the main menu select Module and then Waiting lines.
Scenario: During registration at a university, an adviser must approve students’ course selections. It takes the adviser an average of 2.8 minutes (exponentially distributed) to approve each schedule, and students arrive at the adviser’s office at the rate of 20 per hour (Poisson distributed).
To answer Question 2:
Address the following using the POM software.
• Compute the average time a student spends in the waiting line. Students have complained to the registrar about the length of time they must wait to have their schedules approved. The registrar is considering several ways to reduce the waiting time.
• One way to reduce the waiting time is to assign some assistants to the adviser. Each assistant would reduce the average time required to approve a schedule by 0.2 minutes, down to a minimum of 1.0 minute. How many assistants should the registrar assign to the adviser if the registrar feels that a waiting time of ten minutes is not unreasonable?
• About one-fifth of the students identify their cases as routine. The advisor can serve these kinds of routine cases in one minute (with negligible variance). Hence, another way the registrar can reduce the waiting time is to provide an assistant to handle routine cases, while the advisor handles the non-routine cases. Do you find this option acceptable?
NOTE: I can send the attachment related to Q1

Related Discussions:- Forecasting adn Time Series Anlaysis

Ways of reorganization and create the new organizational, Reorganizing a co...

Reorganizing a company can be very difficult and time consuming. It involves various resources including human interactions as well as monetary investments. Reorganization can deal

Why a small business owner consider the demographics, Why should the small ...

Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are

Explain what is the market share, What is the market share, sales levels an...

What is the market share, sales levels and profit for the last 5 years for Subway Restaurant and Chick-Fil-A restaurant?

Explain supply chain activities, Compile a list of major system life-cycle ...

Compile a list of major system life-cycle activities. For each activity on the list, try to find the related supply chain activities. Present your finding in a table with the syste

Provide source of enlightenment to the problem, Assume you are the CFO of A...

Assume you are the CFO of ABC Corporation, a multi-state supplier of janitorial supplies. The CEO as just met with you and "suggested" your job might depend on your ability to hide

Factors determining production control, Factors Determining Production Cont...

Factors Determining Production Control 1. Nature of Production: In job oriented manufacturing products and operations designed for some particular order which may or may not b

Explain chooses to refurbish the equipment, Ski Boards, Inc., wants to ente...

Ski Boards, Inc., wants to enter the market quickly with a new finish on its ski boards. It has three choices: (a) refurbish the old equipment at a cost of $800, (b) make major mod

Explain the project charter, Which of the following documents serves as an ...

Which of the following documents serves as an informal contract between the project team and the project sponsor? A. The team members employment contracts B. The project char

Explain the fireside transportation department projects, Fireside Tire Comp...

Fireside Tire Company, a manufacturer of radial tires for sport utility vehicles, sells its products in the automotive aftermarket and distribution them throughout the United State

Explain forecast week 7 using a six-week moving average, Weekly sales of ry...

Weekly sales of rye bread at the corner store are shown below. Using this data, forecast Week 7 using a six-week moving average. Week Sales 1 415 2 389 3 420 4 382 5

Write Your Message!

Captcha
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