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- 10.3. The Ashton Furniture Company manufactures coffee tables and chests of drawers. Last year the company’s cost of goods sold was $3,700,000, and it carried inventory of oak, pine, stains, joiners, and brass fixtures, work-in-process of furniture frames, drawers and wood panels, and finished chests and coffee tables. Its average inventory levels for a 52-week business year were as follows: Raw Materials Average Inventory Unit Cost Oak 8000 $6.00 Pine 4500 4.00Brass fixtures 1200 8.00Stains 3000 2.00Joiners 900 1.00 Work-in-Process Frames 200 $30Drawers 400 10Panels 600 50Chests…State why forecasting is important for airlines industry ?Question 2: A manufacturing company produces 2 products, air conditioners and fan heaters: Each air-conditioner requires 3 hrs of wiring and 2 hrs drilling. Each heater needs 2 hrs wiring and 1 hr drilling. During the next production period, there are 240 hrs of wiring time available and 140 hours of drilling time. Each air-conditioner sold yields a profit of 25€. Each heater can be sold for 15€. Formulate this production-mix Linear Programming problem and find the combination of air-conditioners and heaters which gives the most profit.
- Locate the Treasury bond in Figure 8.4 maturing in November 2042. Assume a par value of $10,000. What is its coupon rate? (Enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) What is its bid price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What was the previous day's asked price in dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Coupon rate Bid price Previous day's asked price %Q.2.2 Compare and contrast between the grassroots forecasting technique and the Delphi method. Q.2.2 Explain integrated service providers in logistics management. Q.2.3 Explain how distribution requirements planning (DRP) is used. Q.2.4 An organisation produces customised wooden furniture. In your opinion, can the organisation utilise triple bottom line (3BL) to improve its production of wooden furniture? Justify your answer by discussing at least 3 key points.Seatwork Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential Smoothing Model (a = 0.2) С. What is your sales forecast for Period 8 using A and B? Period Actual Sales Forecast Error Error| Error |Error %| 1 39 2 44 3 40 45 38 6 43 39 MAD MSE МАРЕ
- Q(12)QUESTION 4 Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series: Quarter Seasonal Index Q1 72.4 Q2 85.3 Q3 109.6 Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4. Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below: Coefficients Intercept 2,506 Time 71.3 If the original value of the series in a Q1 was 2,040, then what is the seasonally adjusted value? (please round your answer to 1 decimal place)What is Lag strategy?
- PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below. Supply/Demand Info Pre-Q1 Q1 4,620 4,620 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 42 42 Q2 Q3 Q4 4,730 5,390 5,170 5.080 5.060 5.080 330 4 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost'unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 110 480 $85 $13 $820 $2,150 $119 110 110 46 46 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan?…Subject Name: Simulation & Modelling Q. Describe the following : • Simulation of a Multi-server queueing system • Simulation of an inventory systemA. Name at least five manufacturing businesses in the Philippines
