Operations and Supply Chain Management
14th Edition
ISBN: 9780078024023
Author: F. Robert Jacobs
Publisher: MCG
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Chapter 18, Problem 1AE
Summary Introduction
Case Summary: Company S runs a global supply chain and is required to supply to more than 17,000 stores. The coffeemaker L is sold to these stores which has steady sales. The coffeemaker’s sale is not seasonal; however, its demand fluctuates. Company S wants to estimate
To calculate: Mean absolute deviation (MAD), Mean absolute present error (MAPE), and Tracking signal (TE).
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Sam's Pet Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.00 per bag.
The following information is available about these bags:
> Demand
95 bags/week
> Order cost $52.00/order
> Annual holding cost = 25 percent of cost
> Desired cycle-service level = 80 percent
>Lead time 4 weeks (24 working days)
> Standard deviation of weekly demand = 15 bags
> Current on-hand inventory is 320 bags, with no open orders or backorders.
a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only 75 bags per week. How much higher will total
costs be, owing to the distorted EOQ caused by this forecast error?
The costs will be $
higher owing to the error in EOQ. (Enter your response rounded to two decimal places.)
Chapter 18 Solutions
Operations and Supply Chain Management
Ch. 18 - Prob. 1DQCh. 18 - It is a common saying that the only thing certain...Ch. 18 - From the choice of the simple moving average,...Ch. 18 - All forecasting methods using exponential...Ch. 18 - Prob. 5DQCh. 18 - Prob. 6DQCh. 18 - What implications do forecast errors have for the...Ch. 18 - Causal relationships are potentially useful for...Ch. 18 - Let’s say you work for a company that makes...Ch. 18 - Prob. 10DQ
Ch. 18 - Prob. 11DQCh. 18 - What is the term for forecasts used for making...Ch. 18 - Prob. 2OQCh. 18 - Given the following history, use a three-quarter...Ch. 18 - Prob. 4OQCh. 18 - Prob. 5OQCh. 18 - Prob. 6OQCh. 18 - Prob. 7OQCh. 18 - Prob. 8OQCh. 18 - Prob. 9OQCh. 18 - Prob. 10OQCh. 18 - Prob. 11OQCh. 18 - Prob. 12OQCh. 18 - Prob. 13OQCh. 18 - Prob. 14OQCh. 18 - Historical demand for a product is
Using a...Ch. 18 - Prob. 16OQCh. 18 - Here are the actual tabulated demands for an item...Ch. 18 - A particular forecasting model was used to...Ch. 18 - Prob. 19OQCh. 18 - Prob. 20OQCh. 18 - Prob. 21OQCh. 18 - Your manager is trying to determine what...Ch. 18 - After using your forecasting model for six months,...Ch. 18 - Zeus Computer Chips, Inc. used to have major...Ch. 18 - Prob. 25OQCh. 18 - Prob. 26OQCh. 18 - Prob. 27OQCh. 18 - Prob. 28OQCh. 18 - Prob. 29OQCh. 18 - Prob. 30OQCh. 18 - Prob. 31OQCh. 18 - Prob. 32OQCh. 18 - Prob. 33OQCh. 18 - Prob. 34OQCh. 18 - Prob. 35OQCh. 18 - Prob. 36OQCh. 18 - Prob. 37OQCh. 18 - Prob. 38OQCh. 18 - Analytics Exercise: Forecasting Supply Chain...Ch. 18 - Prob. 2AECh. 18 - Prob. 3AECh. 18 - Prob. 4AECh. 18 - Prob. 1PECh. 18 - Prob. 2PECh. 18 - Prob. 3PECh. 18 - Prob. 4PECh. 18 - Prob. 5PECh. 18 - Prob. 6PECh. 18 - Prob. 7PECh. 18 - Prob. 8PECh. 18 - Prob. 9PECh. 18 - Prob. 10PECh. 18 - Prob. 11PECh. 18 - In each of the following, name the term defined or...Ch. 18 - Prob. 13PE
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