Exponential smoothing forecast equivalent to naive forecast

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Reference no: EM132112253

1. Consider the simple exponential smoothing and the smoothing constant, α. Which value of α would make the exponential smoothing forecast equivalent to a naive forecast?

2. "Webster Manufacturing Inc. is implementing a Just-in-Time (JIT) system and wants to know how many Kanbans to use for the initial setup of its JIT system. The daily demand is 400 units and each Kanban (container) holds 15 units. The combined processing and waiting time per container is 0.7 days. If the initial alpha value for safety stock is 0.6, how many Kanban containers should be authorized? K = d(p + w)(1+?)/C".

Reference no: EM132112253

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