Two years ago Top-Slice Company moved from just making golf balls to also producing oversized drivers. Top-Slice makes three different models: the Bomber, the Hook King, and the Sir Slice-A-Lot. As the names suggest, the last two clubs help correct for golfers who either hook or slice the ball when driving. While Top-Slice is pleased with the growing sales for all three models (see the following tables), the numbers present Jacob Lee, the production manager, with a dilemma. Jacob knows that the current manufacturing work cell is capable of producing only 2,700 drivers a month, and total sales seem to be rapidly approaching that number. Jacob’s staff has told him it will take at least three months to plan for and implement an expanded work cell. Develop a forecast for Top-Slice Company. Which forecast model works best? Why? Suppose information is received that makes clear that sales are expected to go down. How would this affect the choice of a forecasting model?
Two years ago Top-Slice Company moved from just making golf balls to also producing oversized drivers. Top-Slice makes three different models: the Bomber, the Hook King, and the Sir Slice-A-Lot. As the names suggest, the last two clubs help correct for golfers who either hook or slice the ball when driving. While Top-Slice is pleased with the growing sales for all three models (see the following tables), the numbers present Jacob Lee, the production manager, with a dilemma. Jacob knows that the current manufacturing work cell is capable of producing only 2,700 drivers a month, and total sales seem to be rapidly approaching that number. Jacob’s staff has told him it will take at least three months to plan for and implement an expanded work cell. Develop a forecast for Top-Slice Company. Which forecast model works best? Why? Suppose information is received that makes clear that sales are expected to go down. How would this affect the choice of a forecasting model?
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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Two years ago Top-Slice Company moved from just making golf balls to also producing oversized drivers. Top-Slice makes three different models: the Bomber, the Hook King, and the Sir Slice-A-Lot. As the names suggest, the last two clubs help correct for golfers who either hook or slice the ball when driving.
While Top-Slice is pleased with the growing sales for all three models (see the following tables), the numbers present Jacob Lee, the
- Develop a forecast for Top-Slice Company. Which forecast model works best? Why?
- Suppose information is received that makes clear that sales are expected to go down. How would this affect the choice of a
forecasting model?
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