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Q. The following table contains the demand from the last 10 months:MONTH ACTUAL DEMAND1 312 343 334 355 37 MONTH ACTUAL DEMAND6 367 388 409 4010 41
a. Compute the single exponential smoothing forecast for this information using an ad of .30 and an initial forecast (F 1) of 31.
b. Compute the exponential smoothing with trend forecast for these information using an ad of .30, a d of .30, an initial trend forecast ( T 1 ) of 1 and an initial exponentially smoothed forecast ( F 1 ) of 30.
c. Compute the mean absolute deviation (MAD) for each forecast. Which is best?
The firm currently has an end of period inventory on hand of 90 units and a scheduled receipt of 120 units is due in week. Compute the order point. depict the use requirements in a time phased order point format for a 10 week period.
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Case study of Rittenhouse Medical
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In this 350 word response with references, circumstances in which objective function is more significant than constraints is discussed. The opposite is also discussed.
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