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You are the manager for an electronics-manufacturing company. Use the following data to obtain forecasts for your company through various forecasting techniques.
Quarter Forecast Actual Demand Error4Q 2008 200 2201Q 2009 220 2152Q 2009 215 2103Q 2009 210 2204Q 2009 220 2251Q 2010 225 2402Q 2010 240 2553Q 2010 2604Q 2010 2701Q 2011
a)Find out the forecasts for 3Q 2010, 4Q 2010, and 1Q 2011.
b)Computed the forecasting error using the exponential smoothing technique.
c)Computed the forecasting error using the weighted smoothing average method.
What is the average setup cost per year? What is the total cost per year, including the cost of the lights?
Propose this portfolio selection problem by using linear programming. Solve using LP software such as Excel QM or QM for windows. Write out answer step by step if you can't use QM.
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Here, you are asked to select a business of interest and develop QA best practices that can be developed and implemented to increase revenues
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Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph..
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Solutions provides a computer-based document processing service
Explain however, government constraints put a maximum of 4,000 hours of overtime labour per month in April also May.
If demand is expected to increase to 84 customers for this flight segment in 3 years, illustrate what capacity requirement should be planned.
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