Reference no: EM13719424
Individual Project The purpose of this simulation project is to provide you with an opportunity to use the POM-QM for Windows software to solve a forecasting problem. POM-QM for Windows software For this part of this project, you will need to use the POM-QM for Windows software:
1.Read Appendix IV of the Operations Management (Heizer & Render, 2011) textbook.
2.Launch the POM-QM for Windows software and from the main menu select Module, and then Forecasting.
3.Next, select File, New, and Least Squares - Simple and Multiple regression. Individual Project problem
1.Use the forecasting module that you opened in the POM-QM for Windows software to solve the case study on page 146 of the Heizer and Render (2011) textbook (Southwestern University). For this case study, you are required to build a forecasting model. Assume a linear regression forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of the POM software.
2.Answer the three discussion questions for the case study, except the part requiring you to justify the forecasting technique (Heizer & Render, 2011, p.146), as linear regression would be used.
|
What is the recoil speed of the hydrogen atom
: What are the energy, momentum, and wavelength of a photon that is emitted by a hydrogen atom making a direct transition from an excited state with n=9 to the ground state? What is the recoil speed of the hydrogen atom
|
|
Find what is the current in the circuit
: At 20°C, the carbon resistor in an electric circuit connected to a 6.7-V battery has a resistance of 2.5 x 102 ohms. What is the current in the circuit when the temperature of the carbon rises to 75°C
|
|
Positronic products manufactures three lines of heavy
: Positronic Products manufactures three lines of heavy equipment for electrical, chemical, and atomic research. Each of the three lines constitutes a third of the total sales of Positronic. The contribution margin ratio is 10 percent for the e..
|
|
Find the stopping distance of the object
: An object having mass of 5 kg and moving with uniform velocity of 2 m/sec is decelerated to rest upon application of a force of constant magnitude equal to 4 N. Find the stopping distance of the object from the point of application of force to the ..
|
|
Build a forecasting model
: Build a forecasting model. Assume a linear regression forecasting model and build a model for each of the five games
|
|
Find the magnitude of net gravitational force acting on moon
: During a solar eclipse the Moon is positioned directly between Earth and the Sun. The masses of the Sun, Earth, and the Moon are 1.99 × 1030 kg, 5.98 × 1024 kg, find the magnitude of the net gravitational force acting on the Moon
|
|
Tax calculations
: Tax calculations For each of the following cases, determine the total taxes resulting from the transaction. Assume a 40% tax rate. The asset was purchased 2 years ago for $200,000 and is being depreciated under MACRS using a 5-year recovery ..
|
|
Classification of expenditures
: Classification of expenditures Given the following list of outlays, indicate whether each is normally considered a capital expenditure or an operating expenditure. Explain your answers.
|
|
Operate a supermarket bakery system
: Do doctors'' offices generally have random arrival rates for patients? Are service times random? Under what circumstances might service times be constant?
|