1 Publisher Shipping Decision Problem Formulation 2 3 4 Your Publisher Clients' production facilities are located in: 5 P Albany Zip Code 12250 6 The production facility operates 250 days per year. 7 8 His Customers' warehouses are located in: 9 1 Rye New York Zip Code 10580 10 2 Irving Texas Zip Code 75015 11 3 Charlotte North Carolina Zip Code 28201 12 4 Sioux Falls 13 5 Tustin South Dakota Zip Code California 57117 Zip Code 92780 14 15 The books are usually shipped in one of two sized packages: 16 17 18 A Height 9 inches B Height 10 inches Length 3 inches Length 6 inches Width 7 inches Width 2 inches Weight 5 pounds Weight 5 pounds 19 Your Publisher ships 4 of the A packages and 8 of the B packages to each of the 5 warehouses daily N 0 P 0 R S 20 21 Your task is to select the best shipper for the publisher. 22 23 24 25 22 Do not schedule a pickup for these books as that may skew the results of the statistical test that we're trying to get you in a position to do. Also, if asked for a value of each package, enter $100.00.

1 Publisher Shipping Decision Problem Formulation 2 3 4 Your Publisher Clients' production facilities are located in: 5 P Albany Zip Code 12250 6 The production facility operates 250 days per year. 7 8 His Customers' warehouses are located in: 9 1 Rye New York Zip Code 10580 10 2 Irving Texas Zip Code 75015 11 3 Charlotte North Carolina Zip Code 28201 12 4 Sioux Falls 13 5 Tustin South Dakota Zip Code California 57117 Zip Code 92780 14 15 The books are usually shipped in one of two sized packages: 16 17 18 A Height 9 inches B Height 10 inches Length 3 inches Length 6 inches Width 7 inches Width 2 inches Weight 5 pounds Weight 5 pounds 19 Your Publisher ships 4 of the A packages and 8 of the B packages to each of the 5 warehouses daily N 0 P 0 R S 20 21 Your task is to select the best shipper for the publisher. 22 23 24 25 22 Do not schedule a pickup for these books as that may skew the results of the statistical test that we're trying to get you in a position to do. Also, if asked for a value of each package, enter $100.00.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Two different forecasting models were used to forecastsales of a popular soda on a college campus. Actual demand andthe two sets of forecasts are shown. Use MAD to explain whichmethod provided a better forecast.
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K Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of gallons: Week 1 2 3 4 Forecast Method 1 0.95 1.05 0.97 1.20 Actual Demand 0.68 1.05 0.96 1.00 Week 1 2 3 4 Forecast Method 2 0.82 1.21 0.88 1.17 The MAD for Method 1 = thousand gallons (round your response to three decimal places). Actual Demand 0.68 1.05 0.96 1.00 Save D