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Using exponential smoothing, calculate the forecasts for months 2, 3, 4, 5, and 6. The smoothing constant is 0.2, and the old forecast for month 1 is 245. smoothing factor (alpha) 0.2 Month Actual Demand Forecast Demand 1 260 245 2 230 3 225 4 245 5 250 6 8.12. Given the following average demand for each month, calculate the seasonal indices for each month. Month Average Demand Seasonal Index January 30 February 50 March 85 April 110 May 125 June 245 July 255 August 135 September 100 October 90 November 50 December 30 Total Average 8.13. Using the data in problem 8.12 and the seasonal indices you have calculated, calculate expected monthly demand if the annual forecast is 2000 units. Annual forecast 2000 Monthly deseasonalized forecast Month Seasonal Index Forecast January February March April May June July August September October November December 8.17. The Fast Track Ski Shoppe sells ski goggles during the four months of the ski season. Average demand follows: a. Calculate the deseasonalized sales and the seasonal index for each of the four months. b. If next year’s demand is forecast at 1200 pairs of goggles, what will be the fore- cast sales for each month? Next year total forecast 1200 Month Average Past Demand Seasonal Index Forecast Demand Next Year December 300 January 400 February 220 March 130 Total Deseasonalized monthly demand 8.19. For the following data, calculate the mean absolute deviation. Period Forecast Actual Demand Absolute Deviation 1 100 105 2 105 95 3 110 90 4 115 135 5 120 105 6 125 120 Total 675 650 MAD.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
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Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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