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A ski repair shop at a resort in Colorado sells replacement poles each season. The shop needs to develop a forecast of next season’s sales so that they can place an order for poles with their supplier well in advance of the beginning of the season. Sales data for the past five years are shown below. Compare the forecasts given by the following models. Year: 1 2 3 4 5 Sales (units): 350 375 355 375 390 Develop forecasts using: A 5 year moving average. A weighted moving average model with weights of 0.2, 0.2, 0.1, 0.3, and 0.2 for years 1 through 5 respectively. An exponential smoothing model with year 1 forecast of 380 and α= 0.3.
Calculate a decrease using the equimarginal principle and satisfy the equimarginal rule to reduce total emissions by 50%, to 15 ppm per week.
Choose three of the food and beverage management opportunities discussed in the book and describe three unique challenges and three successful managerial characteristics for each.
From the newcomer's perspective, likely components for inclusion in the socialization process include addressing __________.
how these criteria will differ for a product positioned to have a Cost Advantage versus a Differentiation Advantage.
Prepare a mission statement that encompasses the purpose of the business and considers its target market.
ABC Company must decide whether to insource or outsource a new toxic-free miracle carpet cleaner that works with its new equipment. If it decides to insource the product, the process would incur $600,000 of annual fixed costs and $3.0 per unit of var..
Based on the nature of the product/service, recommend at least 3 possible ways to market the product electronically.
Exxon maintained a corporate policy that prohibited its pilots from flying corporate aircraft after they reached the age of 60 and forced such pilots to involuntarily retire at age 60. This rule mirrored a rule used by the FAA that applied to pilots ..
what basic information should be included in the business plan of a skilled nursing facility’s decision to add a new hospice program service line.
What would be the profit or loss if 7000 units were sold? How many units would need to be produced and sold in order to break even? How many units would need to be produced and sold in order to make a profit of $5,000? If design and effective capacit..
What is the service level implied by Ben's reorder point of 86 rolls?
Also assume that the firm's inventory turn is equal to 2 and the inventory carrying costs are equal to 38.1%.
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