Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 5.2, Problem 1P
Summary Introduction

Interpretation: circumstances of actual demand and number sold to be close.

Concept introduction: Person M had the record of weekly demand for magazines which comprised the sum of magazines sold and the customer requirements which could not be contented. If he keeps only the traded magazines, it is tough to forecast the demand since the data won't have an apparent pattern.

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