Operations Management: Processes And Supply Chains (12th Global Edition) - Does Not Include Mylab Operations Management
Operations Management: Processes And Supply Chains (12th Global Edition) - Does Not Include Mylab Operations Management
12th Edition
ISBN: 9780134890357
Author: Lee J. Krajewski, Manoj K. Malhotra
Publisher: Pearson Global Edition
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Chapter 8, Problem 20P
Summary Introduction

Interpretation: Simple moving average forecast is to be determined and public library is to be justified.

Concept Introduction: Analyzing overall trend in the data set is called moving average technique which is calculated taking specific periods attributes average excluding recent top values.

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Professor Very Busy needs to allocate time next week to include time for office hours. He needs to forecast the number of students who will seek appointments. He has gathere the following data: Week 6 weeks ago 5 weeks ago 4 weeks ago 3 weeks ago 2 weeks ago # Students 83 110 95 80 65 50 Last week What is this week's forecast using trend adjusted (double) smoothing with alpha=0.5 and beta = 0.1, if the smoothed forecast for last week was 60, and the smoothed trend estimate for last week's forecast was -5? 49.3 O 50.6 47.3 65.4 42.7
14 Community General Hospital finds itself treating many bicycle accident victims. Data from the last seven 24-hour periods is shown below:   Day                  Bicycle Victims 1                                  8 2                                  14 3                                  8 4                                  14 5                                  18 6                                  15   With an alpha value of 0.31  and a starting forecast in day 3 equal to the 21 , what is the exponentially smoothed forecast for day 4?  (Round  to two decimal places)  15 What is the exponentially smoothed forecast for day 5?     (Round  to two decimal places) 16
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Operations Management: Processes And Supply Chains (12th Global Edition) - Does Not Include Mylab Operations Management

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