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Beaumont Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
Year
Mileage
Year 1
3,000
Year 2
4,000
Year 3
3,400
Year 4
3,800
Year 5
3,700
Use a weighted 2-year moving average with weights of 0.4 and 0.6 to forecast next year's mileage, the weight of 0.6 is for the most recent year
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In the chapter "Transportation-location problem for a solar stove distributing nonprofit organization" Berenguer et al describe a supply chain
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