Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute occupancy index for the subjecthotel.Rooms Available (Supply)Rooms Sold (Demand)RevenueThe subject hotel10'0007'000700'000Hotel A9'0003'000400'000Hotel B9'0008'000700'000Hotel C10'0007'000700'000Hotel D000י75'000500'000Hotel E11'0008'000700'000Hotel F8'0004'000400'000

Find the Given details below: Given Details: Rooms Available (Supply) Rooms Sold (Demand)…

Answered: Use the table provided below showing…

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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Find the MAD and Tracking signal in below table. Do you think this forecast is acceptable? Why? How many units this company shall keep as the safety stocks if service level is 90%? Period Actual Demand Forecast 220 200 2 300 310 3 400 340 4 340 350 5 280 300 250 270
8.6 Using exponential smoothing, calculate the forecasts for months 2, 3, 4, 5, and 6. The smoothing constant is 0.2, and the old forecast for month 1 is 245. Month 1 2 3 4 5 6 LO Actual Demand 260 230 225 245 250 Forecast Demand
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I'm trying to determine optimal order quantity but only have a Mean forecast and a standard deviation of it to use for sales data. How would I determine the sales data to use in the optimal order quantity formula?
Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation. Annual sales $24,324,000 Net income 2,975,000 Cost of goods sold 12,600,000 Total assets 10,550,000 Inventory 2,875,000 Receivables 3,445,000 The Midwest Outdoor Equipment Corporation has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its raw material inventory inside the manufacturer’s plant and bills only the manufacturer when the manufacturer consumes the raw material. This is expected to reduce total assets by $2 million. What is the expected change in return on assets? Note: Round your answer to 2 decimal places.
A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR₁ = 0.9, SR₂ = 0.95, SR3 = 1.05, and SR₁ =1.1, The trend equation is: Fr=9+ 41. Over the past nine quarters, demand has been as follows: Period, t: Demand: Click here for the Excel Data File Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) Period, t 1 2 3 4 5 6 7 1 2 3 4 5 6 7 В 9 14 18 20 22 28 30 36 42 45 89 Demand 14 18 20 22 28 30 36 42 45 MAD Tracking signal
A restaurant manager with analyzing records of the last 6 weeks summarizes the daily demand figures in terms of the number of meals served as follows (Please fill the empty cells of the following table): Weeks Number of Meals 3-periods Moving Average [Actual - Forecast] (Actual - Forecast)2 1 60 -- -- -- 2 96 -- -- -- 3 103 -- -- -- 4 61 5 122 6 101 1. Which one of the following is closest to the forecast of the next week ( F7 ) for the number of meals to be served daily using the 3-periods moving average method ? a)143 b)95 c)57 d)62 2. Which one of the following is closest to the forecast error ( in terms of MAD ) for the weeks 4, 5 and 6 using the 3-periods moving average method ? a)22 b)29 c)30 d)24 3. What is the forecast error ( in terms of MSE ) for the weeks 4, 5 and 6 using the 3-periods moving average method ? a)641 b)577 c)705 d)897
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Plot these forecasts AND the original demand data on graph paper or spreadsheet. Use a key to distinguish among your three lines. Please use the graph in the attached picture for the answer.
A restaurant manager with analyzing records of the last 6 weeks summarizes the daily demand figures in terms of the number of meals served as follows (Please fill the empty cells of the following table): Weeks Number of Meals 3-periods Moving Average [Actual - Forecast] (Actual - Forecast)2 1 60 -- -- -- 2 96 -- -- -- 3 103 -- -- -- 4 61 5 122 6 101 1. Which one of the following is closest to the forecast of the next week ( F7 ) for the number of meals to be served daily using the 3-periods moving average method ? a)143 b)95 c)57 d)62 2. Which one of the following is closest to the forecast error ( in terms of MAD ) for the weeks 4, 5 and 6 using the 3-periods moving average method ? a)22 b)29 c)30 d)24 3. What is the forecast error ( in terms of MSE ) for the weeks 4, 5 and 6 using the 3-periods moving average method ? a)641 b)577 c)705 d)897
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