Question 4: MTS [Make-To-Stock] Family of Appliance [Stove, Fridge] Best Buy Company forecasted sales for 2021. Opening Inv. = 1000 units of all devices End. Inv. = 0 units of all devices Season Winter Spring Summer Fall Total Forecast 2000 3000 5000 7000 Demand/Sales Level (Plann ed) Production End. Inv. Level Production = MPS Lot size = 500 units Season Winter Spring Summer Fall Stove Forecast Demand 2000 3000 End. Inv. MPS Season Winter Spring Summer Fall Fridge Forecast Demand 2000 5000 End. Inv. 500 MPS

Question 4: MTS [Make-To-Stock] Family of Appliance [Stove, Fridge] Best Buy Company forecasted sales for 2021. Opening Inv. = 1000 units of all devices End. Inv. = 0 units of all devices Season Winter Spring Summer Fall Total Forecast 2000 3000 5000 7000 Demand/Sales Level (Plann ed) Production End. Inv. Level Production = MPS Lot size = 500 units Season Winter Spring Summer Fall Stove Forecast Demand 2000 3000 End. Inv. MPS Season Winter Spring Summer Fall Fridge Forecast Demand 2000 5000 End. Inv. 500 MPS

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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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

100%

Q. 4

Question 4:
MTS [Make-To-Stock]
Family of Appliance [Stove, Fridge]
Best Buy Company forecasted sales for 2021.
Opening Inv. = 1000 units of all devices
End. Inv. = 0 units of all devices
Season
Winter
Spring
Summer
Fall
Total
Forecast
2000
3000
5000
7000
Demand/Sales
Level (Plann
ed) Production
End. Inv.
Level Production =
MPS
Lot size = 500 units
Season
Winter
Spring
Summer
Fall
Stove
Forecast Demand
2000
3000
End. Inv.
MPS
ason
Winter
Spring
Summer
Fall
Fridge
Forecast Demand
2000
5000
End. Inv.
500
MPS

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