Q4: The following time series shows the annual production of a factory: 2009 2008 2007 2006 2005 the year 17 12 9 5 4 annual production Required: Drawa trend line using moving averages method (cycle |length is three years)
Q: What technique does ERP use to link functional units?
A: The term ERP stands for enterprise resource planning. It is a type of business software system that…
Q: How might minimum stays (2 nights, 3 nights) help maximize revenue in a hotel?
A: Revenue management would mean to predict the customer behavior to sell the product at an optimal…
Q: ystem principles, a
A: Interdependence The term "interdependence" refers to the interdependence of the many parts of a…
Q: What is meant by a dysfunctional effect of change? Give appropriate example.
A: Change refers to the innovation in the startegy,technology,process or anything which could bring a…
Q: XYZ Limited is a multinational company which carries out a variety of businesses. This company is…
A: People management is described as the strategies that are used specifically to manage different…
Q: Accidents are part and parcel of driving in the Philippines . That’s largely due to the lack of…
A: Car accidents mostly happen due to carelessness while driving. In the last few years due to…
Q: how supply chain flows affect the success and failure of a company
A: Effect of Supply Chain Flows on success and failure of a company Supply chain has become a crucial…
Q: What is the difference between Preventive Maintenance and Predictive Maintenance?
A: Maintenance is the combination of the activities that help equipment to restore that stage in which…
Q: is known to have low risk and low control. is then the concept of this exchange between people or…
A: Supply chain management - is the managing of the flow of products & services it includes all…
Q: Job Cycle Times in minutes Rating |1 2 3 4 5 6 |1 20 10 17 15 32 16 110% 2 30 22 25 26 50 27 90% 10…
A: Mean observed time = Average of all the cycle times for a job Performance rating = Rating given for…
Q: A high-speed train operator schedules six trains per day departing from City A. The destination of…
A:
Q: Cite an example of ideas that involve identifying a new market for an existing product or service…
A: Market Penetration In a market penetration strategy, the firm purposes its products in the existing…
Q: Identify and explian how you will manage : One specific project management risk on a bookstore…
A: There are number of risks which might be faced by a bookstore website. A website must be designed in…
Q: To attract, satisfy, and retain the better customers during the upcoming year, a business would…
A: Customer satisfaction can be stated as the measurement that evaluates how happy the clients are with…
Q: Tom has several years of experience computer program. he signs a six month contract with the Metro…
A: Self-employment can be stated as the state of working for oneself instead of doing the job for…
Q: Is it conceivable that lean management ignores certain dimensions of organizational effectiveness?…
A: The goal of lean manufacturing (lean production) is to eliminate waste from a production system.…
Q: Q5: The following data represent the sales of the National Tigers Company for the period from…
A:
Q: Distinguish between functional, matrix, and project organizations. Describe how each structure…
A: The difference between between functional, matrix and project organization can be listed down as…
Q: Customers arrive at a video rental desk at the rate of 12 per minute(Poisson).Each server can handle…
A: Given data: Arrival rate λ = 12 customers per minute Service rate μ = 4.001 customers per minute…
Q: Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding…
A:
Q: What are several reasons on why it's beneficial to use operations management in the workplace?
A: Operations management is the management that ensures the highest possibility in the organization.
Q: Draw a Network Calculate Earliest Start Time, Earliest Finish Time, Latest Start Time and Latest…
A: Find the Given details below: Description of Activity Activity Duration (Days) 1-2 A 8 1-3 B…
Q: Firm XYZ makes custom outfits in three tailoring shops in Albany, Boston, and Hartford. These…
A: Given data is
Q: following activities required to complete this project together with the time estimates and…
A: The critical path tells the path which can be taken to complete the project within the minimum…
Q: Which act establishes responsibilities and rights for employers and * ?employees OSHA O RCRA SARA…
A: OSHA determines which standards and requirements apply to which workplace environments and sets them…
Q: Involving the use of problem solving and mutual respect to achieve an outcome that’s satisfying for…
A: Involving the use of problem solving and mutual respect to achieve an outcome that’s satisfying for…
Q: Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in…
A:
Q: Suppose we are formulating a Master Production Schedule (MPS) for an item. Week 0 projected on- hand…
A: MPS L4L is done when on hand inventory is lower than the maximum value of forecasted demand and…
Q: I am having trouble with d and e
A: To solve parts (d) and (e) excel solver needs to be used. Using Excel solver, you need to get the…
Q: Clean Up Project in Karbabad, what will be its completion time? Your answer should show the network…
A: The project completion time is depicted by the critical path of the project. It is taken as the path…
Q: Effective capacity is the maximum amount of output with interruption. True or False?
A: Effective capacity is the maximum of the output which can be achieved according to the operating…
Q: A Republican and a Democratic candidate are running for office in a heavily Republican county. A…
A: given, republic leads = 20% when compare with democratic welfare then republic leads =35%
Q: Compute the objective function value for the following problem: Min 260X + 65Y subject to : 2X>=0…
A:
Q: The Sime to assemble the first na production line is 19 hours. The leaming rate is 0.92.…
A: Given data: Time to assemble the first unit(T1) = 19hours Learning rate(p) = 0.92
Q: Identify some of the prominent differences between service operations and manufacturing operations.…
A: Working with the professional service teams, customer success teams, customer support teams, and…
Q: The Rockwell Electronics Corporation retains a service crew to repair machine breakdowns that occur…
A: Arrival rate λ=3 Service rate μ=8 NOTE: We are allowed to do the first three sub-parts only at a…
Q: 2) Place a checkmark next to all of the true statements regarding climbing Mt. Everest. You'll have…
A: Mount Everest is the highest mountain in the earth. It attract many climbers and tourists due to its…
Q: Scheduling in service organizations is different from manufacturing in all of the following ways…
A: Scheduling process in service organization and manufacturing organizations are different while…
Q: Describe the two types of operational responsibility.
A: Operational Responsibility:- Operational responsibilities take place in a company’s day-to-day…
Q: a) What challenges have been faced by various bodies when implementing e-procurement in…
A: A. Procurement directors wear several hats and are in charge of a wide variety of responsibilities,…
Q: What does quality customer service mean to you?
A: Quality refers to the ability of the firm to provide the product and services to its customers which…
Q: 2. Provident Capital Corp. specializes in investment portfolios designed to meet the specific risk…
A: Please note that as you have posted more than one question, the first question with two subparts is…
Q: ENGINEERING MANAGEMENT: In what specific activities may employees participate?
A: Employee engagement is a commitment the employee has to the organization and its goals. The purpose…
Q: If lead time increases from 1 to 4 weeks, will the standard deviation of demand during the lead time…
A: Lead time affects the amount of stock that a company needs to hold at any point in time. It is…
Q: efficiency and efficacy. Write a page describing how this technology will benefit an SCM. Identify…
A: Basically 3D printing call it as AM(Additive Manufacturing). And these two topics additive…
Q: center of gravity destination coordinates and shipment load: monthly quantity 200 destination x…
A: The center of gravity is used to locate single facilities considering existing facilities, the…
Q: draw the network diagram
A:
Q: The annual demand for a product of XYZ company is 12.000. The cost of ordering this product is CU25…
A: Find the Given details below: Given Details Annual Demand (D) 12000 Units/Year Setup Cost (S)…
Q: For a construction job, a contactor can haul rock by means of an ordinary 10-cubic-yard dump truck,…
A: Given data:
Q: 1. About a quarter of the volume of shipments is shipped to customers directly. These are larger…
A: The process of ordering, storing, using, and selling the inventory of a company is known as…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 6 images
- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.In the past Peter Kelles tire dealership in Baton Rouge sold an average of 1,100 radial each year. In the past 2 years, 220 and 240 respectively were sold in fall, 360 and 320 in winter and 140 and 160 in spring and 300 and 460 in summer. with a major expansion planned, Kelle projects sales next year to increase 1300 radials. Based on next years projected sales the demand for each season is going to be (enter your response as whole numbers) season demand fall [___]Forecast is calculating estimates of future cycle/s based on data of past cycles -- there is no?
- The Grand Bakery produces 60 special sourdough rolls every day. Any rolls that are not sold each day are given to the employees. They have collected sales data from the past week: Day Rolls sold 1 50 2 50 3 48 4 60 5 53 6 60 What is the value of F6 if they use a 3-day weighted moving average with W1 = 0.6, W2 = 0.2, and W3 = 0.2? Using the data from above, calculate the forecast for period 7 using a four-period moving average:The number of heart surgeries performed at HeartvilleGeneral Hospital has increased steadily over the past sev-eral years. The hospital’s administration is seeking the bestmethod to forecast the demand for such surgeries in year 6.The data for the past 5 years are shown. The hospital’s administration is considering the followingforecasting methods. Begin error measurement in year 3 soall methods are compared for the same years.i. Exponential smoothing, with a = 0.6. Let the initial fore-cast for year 1 be 45, the same as the actual demand.ii. Exponential smoothing, with a = 0.9. Let the initial fore-cast for year 1 be 45, the same as the actual demand.iii. Trend projection with regression.iv. Two-year moving average.v. Two-year weighted moving average, using weights 0.6 and0.4, with more recent data given more weight.vi. If MAD is the performance criterion chosen by the admin-istration, which forecasting method should it choose?vii. If MSE is the performance criterion chosen by the…(4) The Great Northwest Outdoor Company is a catalog sales operation that specializes in outdoor recreational clothing. Demand for its items is very seasonal, peaking during the holiday season and during the spring. It has accumulated the following data for orders per season (quarter) during the past five years. Orders (1,000s) Year 1 Year 2 Year 3 Year 4 Year 5 Winter (Q 1) Spring (Q 2) Summer (Q 3) 18.6 18.1 22.4 23.2 24.5 23.5 24.7 28.8 27.6 31.0 20.4 19.5 21.0 24.4 23.7 Fall (Q 4) Total 41.9 46.3 45.5 47.1 52.8 104.4 108.6 117.7 122.3 132.0 Develop a seasonally adjusted forecast model for these order data. Forecast demand for each quarter for year 6, using the annual trend line as given: Y(t) = 96.33 + 6.89t (a) Find seasonal index for each quarter (b) Find seasonally adjusted demand forecast for each quarter for year 6 (c) Find MAD for seasonally adjusted forecasting for year 1 through 5.
- The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: Week Of August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 350 370 412 378 371 378 a) The forecasted demand for the week of October 12 using a 3-week moving average: response to two decimal places). 106 pints (round yourTucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $0.5 million each. Sales for these NCMS for the past two years were as follows: Use Exhibit 18.10. LAST YEAR THIS YEAR QUANTITY (UNITS) QUANTITY QUARTER (UNITS) QUARTER I 11 I 16 II 17 II 23 III 25 III 27 IV 15 IV 18 a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) Y = b. Compute trend and seasonal factor from a linear regression line obtained with Excel. (Do not round intermediate calculations. Round your answers to 3 decimal places.) Period Trend Forecast Seasonal Factors Last Year II IV This Year II III IVData collected on the yearly registrations for a Six Sigma seminar at the Quality College are shown in the following table: Year -1 2 Registrations (000) 5.0 5.0 Year Forecast 4 4.3 This exercise contains only parts a and b. a) Using a 3-year moving average, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place): 5 4.6 4 3 3.0 5 6 6.6 7 8 4 5 6 9 10 6.0 11.0 9.0 7.0 9.0 13.0 16.0 6 7 8.7 8 9 7 9 8.3 b) Using a 3-year weighted moving average in which the registrations in the most recent year are given a weight of 2, and registrations in the other 2 years are each given a weight of 1, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place): Year Forecast 8 10 9.6 9 11 12.6 10 12 15.3 11 11 17.0 12
- Worked Problems (Show your calculations in order to get full credit) 1. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells them to retail stores. They are conducting an inventory control study of all their items. The following data for the year 2006 are for one such item, which is not seasonal. [10 Points] | Month Sales Jan Feb Mar Apr May Jun Jul 19 11 14 17 12 14 16 Aug 15 a. Use trend projection to estimate the relationship between time and sales (state the trend line equation in this problem). b. Calculate forecasts for February 2007, April 2007, and February 2008The K&R Camera shop sells all the latest cameras and accessories. To meet customer demand, the manager must forecast demand for items she sells. Lately the XR-42S zoom lens has been very popular. Recent monthly demand for this item has been as shown: Number of Lenses Month Sold 1 12 17 2 3 4 15 20 18 23 6.QWE Inn has recorded the following number of rooms sold for the first quarter of the year: January 2100 February 2500 March 2550 What is the 3-month moving average forecast of rooms sold equal to for the month April?
