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

Define trade unions act 1926, Define Trade Unions Act 1926. Trade Union...

Define Trade Unions Act 1926. Trade Unions Act 1926 provides that any seven workers may form a union.

Explain free speech or false advertising, "Free Speech or False Advertising...

"Free Speech or False Advertising" Please respond to the following: •From the case study, determine if Nike engaged in commercial speech, or if its statements were political or soc

Logical process modeling, What is logical process modeling? What is physica...

What is logical process modeling? What is physical modeling?

General model of the operations function, General Model of the Operations F...

General Model of the Operations Function This figure illustrates the basic concept of the operations function. Firstly inputs are transformed (converted) to outputs with the m

Explain exempt and non-exempt employees, Differentiate between (1) exempt a...

Differentiate between (1) exempt and non-exempt employees and (2) line and staff employees.

How to avoid the race condition, To avoid the race condition, the number of...

To avoid the race condition, the number of processes that may be simultaneously inside their critical section is A. 8 B. 1 C. 16 D. 0 E. None of the above

Supplier relationships in a supply network, Supplier relationships in a sup...

Supplier relationships in a supply network are categorised in which ways:- Single, multiple, delegated and parallel

Describe why it is both a business pressure, Explain why IT is both a busin...

Explain why IT is both a business pressure and an enabler of response activities that counter business pressures?

Explain critical path consists of only five activities, You are working on ...

You are working on a project that has 12 activities. You determine that the critical path consists of only five activities. You then compute the variances for the five critical pat

Explain federal trade commission, 1. Please explain, in detail, the strateg...

1. Please explain, in detail, the strategic issues both external and internal that Whole Foods' faces. 2. Please explain, in detail, the strengths, weaknesses, opportunities and th

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