The historical data for 4 periods demand are 65, 60, 80, and 70 respectively. Calculate the weighted moving average (WMA) forecast of period 5 with weights (0.4, 0.6). O a. 77 O b. 76 Oc. 74 O d. None is correct О е. 72
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Period Demand 1 2 3 4 5 64 ៩៩៨៖ 62 65 61 66 a. Compute a weighted average forecast using a weight of 0.4 for the most recent period, 0.3 for the next most recent, 0.2 for the next, and 0.1 for the next. (Round all your answers to two decimal points.) Forecast Period 5 Forecast Period 6 b. If the actual demand for period 6 is 65, forecast demand for period 7 using the same weights as in part a. Forecast Period 7
- Q23Need a and bThe purpose of this assignment is to utilize Distribution Requirements Planning (DRP) parameters and inventory data to determine planned order releases in central warehouses. address each problem using full sentences and proper spelling and grammar and submit in an Excel template. 2. For the warehouse of Figure 14.8, suppose actual demands were 24, 16, and 18 in periods 1, 2, and 3, respectively. The initial DRP record is: Forecast requirements In transit Projected available balance Planned shipments Q=40; lead time=1; SS=6. 6 1 20 40 26 Period 2 3 4 5 20 20 20 20 6 266 26 40 40 a. Create the other three DRP records as done in Figure 14.8. What problem is created in period 2? What can be done? b. Does error addback work for this set of circumstances?
- Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta of 0.40. If actual demand turned out to be 288, calculate the forecast including trend for the next period. A. 308 B. 250 C. 208 D. 245A) Forecast demand again with a weighted moving average in which sales in the most recent year are given a weight of 2 and sales in the other 2 years are each given a weight of 1. YEAR DEMAND FOR FERTILIZER (1,000S OF BAGS) 1 4 2 6 3 4 4 5 5 10 6 8 7 7 8 9 9 12 10 14 11 15Problem 3-24 (Algo) Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters: TWO LAST THIS YEAR YEARS AGO YEAR 4,775 3,505 4,305 2,970 3,465 2,678 3, 505 2,370 3,180 2,070 2,710 1,695 II II II III III III IV IV IV Use the regression and seasonal indexes to forecast demand for the next four quarters. (Round your Intermedlate calculatlons and answers to 2 declmal places.) Period Forecast (Units) II II IV
- Prepare a graph of the monthly forecasts and average forecast demand for Chicago Paint Corp., a manufacturer of specialjzed paint for artists.Scenario 1 | New Hybrid Cultures Will Develop and Personal Horizons Will Broaden Scenario 2 | Although the Outward Expressions of National Culture Will Continue to Become More Homogeneous, Distinct Values Will Tend to Remain Stable Scenario 3 | Nationalism Will Continue to Reinforce Cultural Identity Scenario 4 | Existing National Borders Will Shift to Accommodate Ethnic Differences Identify and post the secanrio and rationale of the cultural scenario that is seen as the most credible—that is, the forecast that you see most likely to prove accurate in the next decade.Kuwait-Arab Medical Supplies - started in January 2020 to help in protecting against COVID19. KAMS seasonal distribution of its products were: 1, 4. 2, 5 thousand boxes per season/ a season is 3 months. KAMS needs to know what is the expected production distribution in the first season of 2021.KAMS also requested the forecast for the first 2021 season if weights were recorded to be: 0.3, 0.4, 0.1, 0.2