Reference no: EM133174920
1. A Jamaican Plastic Manufacturer produces 500 Rhino Tanks in two 10-hour shifts. Due to higher demand, they have decided to operate three 8-hour shifts instead. They are now able to produce 600 Rhino Tanks per day. What has happened to productivity?
2. Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D typically utilize a:
3. Suppose that the demand in period 1 was 7 units and the demand in period 2 was 9 units. Assume that the forecast for period 1 was for 5 units. If the firm uses exponential smoothing with an alpha value of .20, what should be the forecast for period 3? (Round answers to two decimal places.
4. A local manufacturer of vegetable oil uses a weighted moving average method to forecast cases of vegetable oil sales. It assigns a weight of 5 to the previous month's demand, 3 to demand two months ago, and 1 to demand three months ago. If sales amounted to 1000 cases of vegetable oil in May 2200 cases of vegetable oil in June, and 3000 cases of vegetable oil in July, what should be the forecast for August?
5. The Jamaican Plastic Manufacturer produces 500 Rhino Tanks in two 10-hour shifts.
What is the productivity of the plant?
6. Gayles Metal Works produces Pipe wrenches on an assembly line, currently producing 1600 Pipe wrenches per shift. If the production is increased to 2000 Pipe wrenches per shift, labor productivity will increase by?
7. Given an actual demand of cases of vegetable oil this period of 61, a forecast for this period of 58 cases of vegetable oil, and an alpha of 0.3, what would the forecast for the next period be using exponential smoothing?
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