Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
12th Edition
ISBN: 9780134741062
Author: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Publisher: PEARSON
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Chapter 8, Problem 6P

Marianne Kramer, the owner of Handy Man Rentals, rents carpet cleaners to contractors amid walk-in customers. She is interested in arriving at a forecast of rentals 50 that she can order the correct quantities of supplies that go with the cleaners. Data for the last 10 weeks are shown here.

Chapter 8, Problem 6P, Marianne Kramer, the owner of Handy Man Rentals, rents carpet cleaners to contractors amid walk-in

  1. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. What is the forecast for week 11?
  2. Calculate the mean absolute deviation as of the end of week 10.

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Marianne Schwartz, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the last 10 weeks are shown here. Week 1 2 3 4 8 9 10 Rentals 20 20 34 26 21 12 21 26 19 14 a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average. (Enter your responses rounded to two decimal places.) Week Forecast 6 25.25 7 23.25 8 20 9 20 10 19.5 What is the forecast for week 11? 20 rentals. (Enter your response rounded to two decimal places.) b. The mean absolute deviation as of the end of week 10 is rentals. (Enter your response rounded to two decimal places.)
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
Based on the following equation for a moving average forecast, what would have been the three week moving average forecast for week 53 for Small Town Restaurant (see downloaded file for actual demand)? Provide two decimal places and use normal rounding.   What happens if we increase the time periods in our moving average forecast to six weeks opposed to three? Group of answer choices It would be more accurate because it includes more data. There would be no change. It would be less sensitive to changes. It would be better at predicting a trend.

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Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)

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