OPERATIONS MANAGEMENT CNCT W/EBK
OPERATIONS MANAGEMENT CNCT W/EBK
14th Edition
ISBN: 9781264344017
Author: Stevenson
Publisher: MCG
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Chapter 9, Problem 4DRQ

a)

Summary Introduction

To determine: The typical characteristics of a television set using the dimensions of quality.

Introduction: Service quality helps to assess the degree of satisfaction that the customer received from the delivered service. It is the kind of evaluating the grade of how well the service delivered meets the expectation of the customers. It also helps to identify the problems in the service and improve the client satisfaction.

b)

Summary Introduction

To determine: The typical characteristics of a restaurant meal (product) using the dimensions of quality.

Introduction: Service quality helps to assess the degree of satisfaction that the customer received from the delivered service. It is the kind of evaluating the grade of how well the service delivered meets the expectation of the customers. It also helps to identify the problems in the service and improve the client satisfaction.

c)

Summary Introduction

To determine: The typical characteristics of a restaurant meal (service) using the dimensions of quality.

Introduction: Service quality helps to assess the degree of satisfaction that the customer received from the delivered service. It is the kind of evaluating the grade of how well the service delivered meets the expectation of the customers. It also helps to identify the problems in the service and improve the client satisfaction.

d)

Summary Introduction

To determine: The typical characteristics of painting a house using the dimensions of quality.

Introduction: Service quality helps to assess the degree of satisfaction that the customer received from the delivered service. It is the kind of evaluating the grade of how well the service delivered obeys the expectation of the customers. It also helps to identify the problems in the service and improve the client satisfaction.

e)

Summary Introduction

To determine: The typical characteristics of surgery and post-surgery care using the dimensions of quality.

Introduction: Service quality helps to assess the degree of satisfaction that the customer received from the delivered service. It is the kind of evaluating the grade of how well the service delivered obeys the expectation of the customers. It also helps to identify the problems in the service and improve the client satisfaction.

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In the following problems assume, unless otherwise stated, that S = $40, σ = 30%, r =8%,and δ =0. 13.1 Suppose you sell a 45-strike call with 91 days to expiration. What is delta? If the option is on 100 shares, what investment is required for a delta-hedged portfolio? What is your overnight profit if the stock tomorrow is $39? What if the stock price is $40.50?
Question 1 M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12 months as shown in table 1below: TABLE 1 Month Sales (Units) 1 120 2 135 3 150 4 165 5 180 6 200 7 195 8 210 9 225 10 240 11 255 12 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent month having the highest weight), calculate the forecast for month 13. [2 marks] b. If the company applies an exponential smoothing method with a smoothing constant (a) = 02, and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13. [6 marks] c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method and weighted moving average method using the actual sales data for Months 4 to 12 and determine which method is more accurate. [8 marks] d. Compute the values of a (intercept) and b (slope) using the least squares method. [7 marks] e. Use the…
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