Executive judgment as its primary component for forecasting

Assignment Help Operation Management
Reference no: EM131729258

1. A tracking Gantt chart does NOT allow for:

A. looking at today's activity progress and determining whether a single activity is behind schedule.

B. future projections of the project's status.

C. looking at today's activity progress and determining whether the entire project is behind schedule.

D. looking at today's activity progress and determining whether a single activity is ahead of schedule.

2. Which of the following forecasting methods uses executive judgment as its primary component for forecasting? ? Support your answer with a brief explanation.

A. Historical analogy

B. Time series analysis

C. Panel consensus

D. Market research

E. Linear regression

Reference no: EM131729258

Questions Cloud

Describe the six step process for green sourcing : In your own words, describe “the six step process for Green Sourcing”
What would be the actual output of plant in chips per day : What would be the actual output of the plant in chips per day?
Ecological and legal factors on this case study : Great lakes: Great decisions case study. please explain the techonolgical, Ecological and legal factors on this case study.
Work environment and academic environment : Alternative dispute resolution (ADR) has become a very important tool for conflict resolution in the work environment and academic environment.
Executive judgment as its primary component for forecasting : Which of the following forecasting methods uses executive judgment as its primary component for forecasting? ? Support your answer with a brief explanation.
Methodologies is considered causal forecasting technique : Which of the following forecasting methodologies is considered a causal forecasting technique?
Describe a non-manufacturing business : Describe a non-manufacturing business that could benefit from the use of standards.
What is the probability that at this time : What is the probability that at this time: All three machines will be out of action? None of the machines will be out of action?
Signed contract to deliver products to three locations : New Millenium Company just signed a contract to deliver products to three locations, and it is trying to decide where to put its new central warehouse.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd