Forecast demand levels, Lori produces Final Exam Care

Forecast demand levels

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Reference no: EM1333599

1. Lori produces Final Exam Care Packages for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages.

a.) What is Lori's productivity?

b.) Lori thinks that by redesigning the package, she can increase her total productivity to 133 care packages per day. What will be her new productivity?

c.) What will be the percentage increase in productivity if Lori makes the change?

2. Consider the following actual and forecast demand levels for hamburgers at a local restaurant:

Day Actual Demand Forecast Demand

Monday 88 88

Tuesday 72 88

Wednesday 68 84

Thursday 48 80

Friday

The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, what is the forecast for hamburger demand for Friday?

Reference no: EM1333599

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