East Texas Seasonings is preparing to build one processing center to serve its four sources of seasonings. The four source locationsare at coordinates shown below. Also, the volume from each source is provided. What is the center of gravity?X-coordinateY-coordinateVolumeAthens, TexasBeaumont, Texas30301502010350Carthage, TexasDenton, Texas10701005050400OX-28.125; Y = 31.25OX= 32500; Y = 35000%3DX 32.5; Y = 35X- 27.5; Y 40O center of gravity 28

Answered: Image /qna-images/answer/b813d6fe-010c-4381-82ab-b8b861ce32ba.jpg

Answered: East Texas Seasonings is preparing to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Thus historical demand for periods is 70, 60, 80 , and respectivelyWhat is the two-period weighted moving average forecast for period assuming equal weights of 0.5 each
The following table shows the actual demand observed over the last 11 years: Year Demand 1 7 Year Forecast 2 8 2 3 4 3 4 10 4 Using exponential smoothing with a = 0.30 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). 3 2 4 5 6 T 8 9 Year 1 Forecast 6.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers) 5 12 5 6 7 6 7 8 11 14 7 8 9 10 9 10 10 10 13 11 11 11 8 12 12
3
Amalgamated Products which produces chemical materials has the following demand pattern for one of its key products. Weekly demand data is show below: Week Demand 1 1000 2 1250 3 800 4 1900 5 1640 6 2200 7 1870 8 2670 9 3210 10 2850 11 2200 12 2980 13 3790 14 4210 15 4716 Apply the Holt’s Model in forecasting the demand for period 16 What are the optimal values for alpha and beta if the decision-maker wishes to restrict both values to be between 0.25 and 0.65 What is the value of the minimized error term in this context? Show all related EXCEL plotsＢ Note: Include all EXCEL regression output and any plots
Match the following attributes of a city with the appropriate scale of measurements: Attribute (P) Average temperature (°C) of a city (Q) Name of a city (S) (R) Population density of a city Ranking of a city based on ease of Business Scale of Measurement (I) Interval (II) Ordinal (III) Nominal (IV) Ratio Which one of the following combinations is correct? A) (P)-(I), (Q)-(III), (R)-(IV), (S)-(II) B) (P)-(II), (Q)-(I), (R)-(IV), (S)-(III) c) (P)-(II), (Q)-(III), (R)-(IV), (S)-(I) D) (P)-(I), (Q)-(II), (R)-(III), (S)-(IV)
Problem 18-3 (Algo) Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec. Last year This year JAN 150 170 FEB MAR 170 190 190 APR MAY 235 225 175 245 270 Forecast for the third quarter JUN 250 215 SEP 175 AUG JUL 195 185 OCT 250 ▸ NOV DEC 275 295
Use the sales data in the table ( attached Image) and apply the same forecast method when α = 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7, 0.8, 0.9, and 1. What is the best value for α? What does the best value of α indicate or show in regards to the forecast model? (Hint: Use Microsoft Excel to solve the question)
UNIT - III 6. Below are given the figures of production ('000 tonnes) of a coal mine. B. Year 2002 2004 2005 2006 2007|2008 2011 D. Production 80 95 104 93 100 110 108 ('000 qtls) 12604-3550-(P-7)0 12604-3550-(P-7)(Q-9)(22) ( 4 )
The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: The value of the forecast is Week Actual No. of Patients 45 49 IT 56 40 44 55 Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0.333 on the present period, 0.250 one period ago, 0.250 two periods ago, and 0.167 three periods ago. a) What is the value of your forecast? patients (round your response to two decimal places). 123456
The demand for a product of a company in each of the last twelve months is shown in the table below; Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Demand 37 40 41 37 45 50 43 47 56 52 55 54 Use the table to compute the following forecast demand for the company; a. Four months simple moving average b. Four months weighted moving average using the weight of 40%, 30% and 20% and 10%respectively.
The number of internal disk drives (in millions) made at a plant in Taiwan during the past 5 years follows: F Year 4 Disk Drives 142 164 196 204 216 B a) Using simple linear regression, the forecast for the number of disk drives to be made next year-isk drives (round your response to one decimal place)
Using the information provided below, answer the following questions.INFORMATIONThe data in the table below shows the number of Next-generation Rangers exported to over 100 countries through Durban’s roll-on roll-off (RORO) vehicle terminal during 2022 and the first quarter of 2023. A demand planner wants to compare the relative performance of the weighted moving average method against the simple exponential method in forecasting the volume of export of the next-gen Ranger from the Silverton Assembly Plant.Required:5.1. Using the simple exponential smoothing method (SESM), compute the forecasts for the February 2022 to March 2023 period.Use a smoothing constant of 0.2 and assume a forecast of 7 000 units for January 2022.5.2. Compute the three-month weighted moving average (3MWMA) forecasts for the April 2022 to March 2023 period, using weights of 0.2, 0.3, and 0,5 (oldest data to newest data, respectively).5.3. Using the forecasts calculated for the April 2022 to March 2023 period,…

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