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A small family-owned restaurant uses a seven-day moving average model to determine manpower requirements. These forecasts need to be seasonalized because each day of the week has its own demand pattern. The seasonal relatives for each day of the week are: Monday, 0.445; Tuesday, 0.791; Wednesday, 0.927; Thursday, 1.033; Friday, 1.422; Saturday, 1.478; and Sunday 0.903. Average daily demand based on the most recent moving average is 194 patrons.What is the seasonalized forecast for each day of next week? (Remember: Seasons are noted as days of the week and not your typical months as we used in class problems.)
The holding cost is 10 percent of the purchase cost. How many units should R. C. order to minimize his total annual inventory cost?
What are some of the characteristics of a firm with a long cash cycle, How much cash does the company have? If current liabilities are $1,630. what are current assets?
Create a fictional company and develop a memo to communicate the importance of a business continuity plan to the board of directors.
Rolanda suggests that Mary Ann hire an accountant to audit the financial statements. Mary Ann is not sure what an audit involves. Explain auditing.
Explain how many more searches will it take until the search engine time gets down to 19 min.
In a one to two page paper identify an industry/ business which engage in this practice. Is this a logical business plan. Why or why not. Illustrate what are your thoughts.
Analyze the process of statistical quality control and determine which part of the process would be most difficult for you personally as well as what steps you could take to mitigate the anticipated difficulty.
Compare the steps described for the B2B buying process with the steps your own consumer buying process. Identify areas where the processes are similar as well as where the processes are different.
Define the decision variables clearly. Write the objective function also the of the decision variables. Plot the constraints also show the feasible region.
What is the economic order quantity? Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box
You are working on a calendar year basis and give all raises on january 1. your market position at the beginning of the new plan year is 4.0% below the market.
Health insurance is a concept developed in the United States and now appearing in many other nations of the world. Its history and development is an interesting story
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