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The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50.09, holding cost is $12 per unit per year, and the production rate is 36500 per year. Working day is 300. The production order quantity for this problem is approximately
a. 174
b. 99
c. 184
d. 164
e. 134
Joe, a sales manager at a car dealership, is trying to convince his general manager, Bill, that they have increasing sales. As a proof, he does a forecasting following the Holt's method. What are the smoothing constant Gamma using MSE as the measure?
Year
Cars
2000
3890
2001
3993
2002
4003
2003
3903
2004
4115
2005
4502
2006
4553
2007
4359
2008
4559
2009
4907
Select one:
a. 0.118
b. 0.342
c. 0.887
d. 0
e. 0.453
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