Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Demand Forecasting and Capacity Strategy There are three types of capacity that are inter-related, they are; Design or Nameplate Capacity Effective Capacity Actual Output Briefly describe each type of capacity. List three ways, with three examples each, how capacity might be Increased in the short to medium term Decreased in the short to medium term Discuss FIVE factors that may determine effective capacity Facilities Product and Service Process Human Policy Operational Supply Chain External Jean and Dinah had been in business for two years producing umbrellas to be sold to the cruise ship passengers when they docked. They found constantly out of umbrellas and had to do rush productions which has resulted in the increase of their production cost. Jean has a nephew who is enrolled in the UWIOC and he advised her to prepare forecasted quantities using the sales that they made over the past months. The data below represents sales for the last 9 months. In order to assist jean and Dinah you are asked to; Plot the data on a graph showing the trend line Determine the equation of the trend line Predict sales for month 10 and month 11. Months Sales 1 44 2 52 3 50 4 54 5 55 6 55 7 60 8 56 9 62 The manager of a large cement production factory in Road Town, Tortola has to choose between two alternative forecasting techniques. His production staff used both techniques in order to prepare forecasts for a six-month period. Using MAD as a criterion, which technique has the better performance record? FORECAST MONTH DEMAND TECHNIQUE 1 TECHNIQUE 2 1 492 488 495 2 470 484 482 3 485 480 478 4 493 490 488 5 498 497 492 6 492 493 493 An electrical contractor’s records during the last five weeks indicate the number of job requests Week 1 2 3 4 5 Requests 20 22 18 21 22 Predict the number of requests for week 6 using each of the following methods; The naïve approach A four figure moving average Exponential smoothing with α = .30. Use 20 for week 2 forecast INSTRUCTIONS
Use a three-month moving average method to forecast the sales for the months April through September. Also compute the mean squared error (MSE) based on the sales and forecasts for months April through August.
A recent OSHA inspection in your machine shop identified several serious deficiencies in occupational noise control. Serious violations were issued citing 29 CFR 1910.95(i)(2) and 29 CFR 1910.95(k). Using the PDCA framework, develop a plan that wi..
What do you think are the most important motivational needs for the majority of people? Do you think your needs differ from those of most people? Explain.
Establishing a worst-case scenario, discuss the known liability that Biovail has incurred for deceiving its investors. Perform a comparative financial analysis of Biovail
Mary Adams is helping her company develop a marketing program for a new product line. The program is designed to appeal most to less materialistic consumer groups who are likely to prize experience, not acquisition. The marketing program is most like..
As an analyst, you have been asked to review the order entry process with the goal of assessing whether this process is causing the problems.
Why is a vision statement with ideal characteristics, rather than ideal interventions allow for more flexibility in how the vision will be accomplished? Develop two vision statements, one using ideal characteristics and one using ideal interventions,..
Construct a Pareto diagram for the following data on returned wrong selection-50,000; refused-195,000; wrong address-68,000; order canceled -5,000; and other-15,000. What are the major problems that demand investment. Recommend solutions to solve the..
Provide an explanation of the Risk Register Database and the Project Summary Risk Report of their links to other procedures. Use the references. Below are excerpts from the references for both the Risk Register Database and the Project Summary Ris..
What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim
Private insurers provide social and economic benefits to society. explain the following benefits of the insurance to society. explain the major costs of insurance to society. Private insurance provides numerous coverage’s that can be used to meet spe..
Assuming that within 0.2 ms there is an increase of 0.5μ C of charge stored in the capacitor. What is the average value of the charging current within this 0.2ms
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd