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Operations and Supply Chain Management (Mcgraw-hill Education)
15th Edition
ISBN: 9781259666100
Author: F. Robert Jacobs, Richard B Chase
Publisher: McGraw-Hill Education
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Chapter 20, Problem 3AE
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 forecasts by using simple moving average or exponential smoothing.
To compute: The number of sweaters to be ordered in the current year by using aggregate
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Students have asked these similar questions
Sales of tablet computers at Marika Gonzalez's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below:
Week
1
2
3
4
5
6
7
8
9
10
Demand 21 21
27
38 25
30 35
24 25
30
a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.50 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places):
Week
1
2
3
4
5
6
7
8
9
10
Demand 21
21
27
38 25
30
35
24 25 30
Forecast 21.0 21
21
24 31
28
29
32 28 26.50
b) For the forecast developed using exponential smoothing (a = 0.50 and initial forecast 21.0), the MAD = |||||sales (round your response to two decimal places).
Sales of tablet computers at Marika Gonzalez's electronics store in Washington, D.C., over the past 10 weeks are shown in the table below:
Week
Demand
1
2
3
4
5
6
7
8
9
10
21
21
27
38
25
30
35 24 25
30
a) The forecast for weeks 2 through 10 using exponential smoothing with a = 0.50 and a week 1 initial forecast of 21.0 are (round your responses to two decimal places):
Week
1
2
3
4
5
Demand 21 21
27 38
Forecast 21.0
☐ G
☐
☐
6
7
25 30 35
∞ ☐
8
9
10
24
25
30
Each machine costs $3 Million. Building the room with all its attendant safety protection and other ancillary costs increases the spending by an additional $2.0 million dollars per MRI suite. Each machine can perform 2000 scans per year.
Each reading of an MRI scan by a radiologist, along with other per-scan-related costs, is $500 per scan.
The machine will last five years.
Don’t worry about discount rates for this problem
Graph the total costs over 5 years as a function of sales for 0-3000 patients annually. Hint: you may need to add a second MRI at some point.
Suppose that you want to make a profit of $500 per scan at a target volume of 1000 patients per year, and you purchase only one machine. Superimpose the total revenue curve on top of the total cost curve in (1).
Chapter 20 Solutions
Operations and Supply Chain Management (Mcgraw-hill Education)
Ch. 20 - Prob. 1DQCh. 20 - Distinguish between in-process inventory, safety...Ch. 20 - Discuss the nature of the costs that affect...Ch. 20 - Under which conditions would a plant manager elect...Ch. 20 - What two basic questions must be answered by an...Ch. 20 - Discuss the assumptions that are inherent in...Ch. 20 - Prob. 7DQCh. 20 -
Which type of inventory system would you use in...Ch. 20 - Prob. 9DQCh. 20 -
When cycle counting inventory, why do experts...
Ch. 20 - Prob. 1OQCh. 20 - Almost certainly you have seen vending machines...Ch. 20 - Prob. 3OQCh. 20 - Prob. 4OQCh. 20 - Prob. 5OQCh. 20 - Prob. 6OQCh. 20 - Wholemark is an Internet order business that sells...Ch. 20 - Prob. 8OQCh. 20 - Prob. 9OQCh. 20 - Prob. 10OQCh. 20 - Prob. 11OQCh. 20 - Ray’s Satellite Emporium wishes to determine the...Ch. 20 - Dunstreet’s Department Store would like to develop...Ch. 20 - Charlie’s Pizza orders all of its pepperoni,...Ch. 20 - Given the following information, formulate an...Ch. 20 - Lieutenant Commander Data is planning to make his...Ch. 20 - Jill’s Job Shop buys two parts (Tegdiws and...Ch. 20 - Demand for an item is 1,000 units per year. Each...Ch. 20 - The annual demand for a product is 15,600 units....Ch. 20 -
Daily demand for a product is 100 units, with a...Ch. 20 - Item X is a standard item stocked in a company’s...Ch. 20 - Annual demand for a product is 13,000 units;...Ch. 20 - Gentle Ben’s Bar and Restaurant uses 5,000 quart...Ch. 20 - Prob. 24OQCh. 20 - Daily demand for a product is 60 units with a...Ch. 20 - University Drug Pharmaceuticals orders its...Ch. 20 - Sarah’s Muffler Shop has one standard muffler that...Ch. 20 - Prob. 28OQCh. 20 - Prob. 29OQCh. 20 - It is your responsibility, as the new head of the...Ch. 20 - Prob. 31OQCh. 20 - A local service station is open 7 days per week,...Ch. 20 - Dave’s Auto Supply custom mixes paint for its...Ch. 20 - Prob. 34OQCh. 20 - Demand for a book at Amazon.com is 250 units per...Ch. 20 - Palin’s Muffler Shop has one standard muffler that...Ch. 20 - Daily demand for a certain product is normally...Ch. 20 - A particular raw material is available to a...Ch. 20 - CU, Incorporated (CUI), produces copper contacts...Ch. 20 - In the past, Taylor Industries has used a...Ch. 20 - Alpha Products, Inc., is having a problem trying...Ch. 20 - DAT, Inc., produces digital audiotapes to be used...Ch. 20 - Prob. 1AECh. 20 - Analytics Exercise: Inventory Management at...Ch. 20 - Analytics Exercise: Inventory Management at...Ch. 20 - Prob. 4AECh. 20 - Prob. 5AECh. 20 - Prob. 1PECh. 20 - Prob. 2PECh. 20 - Prob. 3PECh. 20 - Prob. 4PECh. 20 - Prob. 5PECh. 20 - Prob. 6PECh. 20 - Prob. 7PECh. 20 - Prob. 8PECh. 20 - Prob. 9PECh. 20 - Prob. 10PECh. 20 - Prob. 11PECh. 20 - Prob. 12PECh. 20 - Prob. 13PECh. 20 - Prob. 14PE
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