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Forecasting is a critical step in inventory management. However, forecasting accuracy can vary significantly depending upon the demand type like random demand, demand with trend and seasonality, intermittent demand, demand lumpiness, etc. Specially, forecasting intermittent demand has gained a lot of attention in recent years. Your assignment is to define demand intermittency, describe how you classify demands in your company, and present a roadmap for forecasting such intermittent demand items for your company or another organization
Explain the various strategies for capital investment needs, including bonds and equity as well as other nontraditional financing options.
Determination of chance probability and respective payoffs: A General Manger of Harley-Davidson has to decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility. The company has collected informa..
At what point (in terms of workers) do we see evidence of diminishing marginal product? At the point (in terms of number of workers) 3 we see evidence of diminishing marginal product.
Using the expected activity times as the normal times and the following crashing information, determine the activity crashing decisions and revised activity schedule for the warehouse expansion project.
Use the following business rules to create an ERD which include all appropriate connectivities and cardinalities. A department employs many employees, but each employee is employed by one department. Some employees, known as “rovers,” are not assigne..
Regardless of how well a team works together, at some point issues will arise, whether in trying to decide on a solution, recognizing that there is a problem, or in implementing a change. Based on this, why should problem-solving teams use structured..
Jack’s Outlet had an average inventory investment of $2 million last year. The annual cost of goods sold was $4 million. What was the outlet’s inventory turnover last year?
What are the pros and cons of an airline implementing a policy that heavier customers need to buy a second seat? Research an airline and provide their policy on heavier customers and seats. Do you agree or disagree with this policy?
What are the various threats to information security in your view? Are you doing your share to protect your information? Why and why not? What can you do to improve your information security practices?
he is likely to be optimistic about the others as well. For you simulation, this means that if on probability increases, the others are likely to increase. How might you incorporate this information into your simulation?
You are a middle manager helping to implement a new corporate cost-cutting strategy, and you're meeting skepticism, resistance, and in some cases, outright hostility from your subordinates. In what ways might you or the company have been able to avoi..
During the course of a day, employee Jennifer Anniestown (an accountant) constantly opens and updates her Facebook account on her iPad, checks on her lottery ticket numbers.
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