Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Question
Chapter 14, Problem 1AL
Summary Introduction
Case summary:
Team feedback exercise.
Characters in the case:
There are no prominent characters.
To determine:
What behaviors by other team members did you most appreciate?
What behaviors of other team members did you least appreciate?
What do you think the team members appreciated about you?
What actions of yours might the team members have appreciated least?
Expert Solution & Answer
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are shown in the table below:
Time
Number sold
Month
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Number sold
2024.1 51
2024.6 54
2024.11 44
2024.2 35
2024.7 52
2024.12 47
2024.3 28
2024.8 48
2025.1
2024.4 32
2024.9 42
2024.5 48
2024.10 46
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(b) Using Naive approach, develop forecasts for 2025.1.
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(d) Using Exponential Smoothing usinga-0.1, a-0.5, -0.9, develop
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value is taken as the average of the first three observations.
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by drawing a picture. What is the better value of a to predict by viewing
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2. (a) Control charts are tools used to monitor the stability of processes over time.
Explain the purpose of the following control charts, with one example for
each chart.
i) Median chart
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List two specific methods for identifying assignable variation in a
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Sample
Mean Weight (kg) Sample
1
0.503
Mean Weight (kg)
11
0.502
2
0.499
12
0.505
3
0.501
13
0.504
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I
50,000
The following chart shows the historical spot buy price graph of nickel on the London
Metal Exchange (LME) from 1 May 2021 to 30 Nov 2022.
US$ per tonne
45,000
40,000
2/9/2021
35,000
US$19,365/ton
1/5/2021
US$17,477/ton
30,000
25,000
20,000
15,000
30/04/2021
26/05/2021
21/06/2021
14/07/2021
06/08/2021
01/09/2021
24/09/2021
19/10/2021
11/11/2021
06/12/2021
31/12/2021
26/01/2022
18/02/2022
1/5/2022
-US$32,000/ton
15/03/2022
07/04/2022
05/05/2022
30/05/2022
24/06/2022
19/07/2022
11/08/2022
2/9/2022
US$20,175/ton
06/09/2022
29/09/2022
24/10/2022
16/11/2022
Nick is the non-ferrous metals category manager (in-charge of nickel cathodes) of Better
Battery Co., a battery manufacturer. He has sourced his nickel cathode supplies from two
suppliers: Supplier A and Supplier B.
Throughout 2021, both Suppliers A and B complained of increasing nickel costs and
wanted to raise prices for the cathodes supplied to Nick's company. As Nick had a firm
fixed price contract with Suppliers A and B, he…
Chapter 14 Solutions
Understanding Management (MindTap Course List)
Ch. 14 - Prob. 1OTJVCCh. 14 - Prob. 2OTJVCCh. 14 - Prob. 3OTJVCCh. 14 - Prob. 1DQCh. 14 - Prob. 2DQCh. 14 - Prob. 3DQCh. 14 - Prob. 4DQCh. 14 - Prob. 5DQCh. 14 - Prob. 6DQCh. 14 - Prob. 7DQ
Ch. 14 - Prob. 8DQCh. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Prob. 4SLCh. 14 - Prob. 5SLCh. 14 - Prob. 6SLCh. 14 - Prob. 7SLCh. 14 - Prob. 8SLCh. 14 - Prob. 1GLCh. 14 - Prob. 2GLCh. 14 - Prob. 3GLCh. 14 - Prob. 4GLCh. 14 - Prob. 5GLCh. 14 - Prob. 1ALCh. 14 - Prob. 1EDCh. 14 - Prob. 2EDCh. 14 - Prob. 3EDCh. 14 - Prob. 1CFCACh. 14 - Prob. 2CFCACh. 14 - Prob. 3CFCA
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