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The numbers of patient arrivals to the ER department at a local hospital for the past 5 weeks are: week: 1 , 2 , 3 , 4 , 5 arrivals: 405 ,420 , 400 , 380 , 411 a) Compute a three-week moving average forecast for the arrival of medical clinic patients in week 6. b) What is the forecast for week 7 given the available information? c) If the actual number of patient arrivals in week 6 is 415, what is the forecast error for week 4? d) What is the updated forecast for week 7 given the info in part c)? e) Calculate the forecast for week 7 using the exponential smoothing method with a smoothing factor ? = 0.2. f) Which of the two forecasting methods is providing more accurate forecasts? Compare their performance to recommend one to the hospital for continued use.
Illustrate what is optimal order quantity. Illustrate what is annual holding cost. Illustrate what is annual ordering (setup) cost. Illustrate what are annual costs of silverware itself with an optimal order quantity.
Which behaviors, thinking approaches, emotional stances, decisions, and business management actions can be found in the two readings that pertain to adaptability
What are the challenges faced in training expatriate managers? How would you design an effective expatriate traning program?
What is the total annual purchasing and transportation cost plus expected annualized disruption cost for option 1? What is the total annual purchasing and transportation cost plus expected annualized disruption cost for option 2?
Identify one of the three levels of management [Strategic, Middle or first line (operational) manager]. Identify the employee at the corresponding level of management. Specify how the four management functions are related to that management level
Discuss the basics of Just-in-Time using an example from the industry. Further, justify whether Just-in-Time is an inventory control policy or a process improvement methodology. Also, examine if it can be both.
As a result, Unverferth was able to eliminate costly paper catalogs also gain the ability to give up-to-the-minute information to its dealers. This incremental change which was aided by supplier involvement was an example of the approach to innova..
What is the expected number of airplanes circling the airport, waiting in queue for clearance to land? A new ground-approach radar system approved by the Federal Aviation Administration is being considered as a means of reducing congestion
Assume Poisson arrivals and exp1ntial service times. Illustrate what percentage of time is Judy idle. Explain how much time, on average; does a student spend waiting in line.
Discuss the principal reasons why project management has become such a popular business tool in recent years.
Define the decision variables clearly. Write the objective function also the of the decision variables. Plot the constraints also show the feasible region.
The activities needed to build an experimental chemical contaminant tracking machine at Charlie Cook Corp. are listed in the following table. Construct an AON network for these activities.
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