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Jim's department at a local department store has tracked the sales of a product over the last 10 weeks exponential smoothing with an alpha of 0.3. In January, he forecasted $150,000 in sales and achieved $155,000 is sales. Using this same forecasting model, estimate Jim's February sales.
Swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is produced every 6 minutes. If mixed-model scheduling is used, how many of each saw will be produced before the cycle is repeat..
Consider various kinds of training and development formats, such as classroom, WebEx, off-site conferences, and even wilderness team-building trips. Which do you think would be the most effective for maintaining the skills of IT engineers? Which do y..
You are developing a system where teachers can record and update grades of students. Teachers should also be able to distribute report cards. Here is a complete list of the requirements for the system: A teacher can record grades. Whenever grades are..
A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model: D=2,000 – 3P. The accounting department estimates that the total costs can be represented by: C=5,00..
Gestalt, Inc., uses a kanban system in its automobile production facility in Germany. This facility operates 8 hours per day to produce the Jitterbug, a replacement for the obsolete but immensely popular Jitney Beetle. Suppose that a certain part req..
Metal frames for kick scooters are manufactured in two steps: Stamping and assembly. Each frame is made up of three pieces: one unit of part A and two units of part B. There are 8 workers in assembly. There is sufficient demand to sell every scooter ..
Determine which shipping alternative would be most economical to ship 70 boxes of parts when each box has a price of $240 and holding costs are 33 percent of price, given this shipping information: overnight, $400, two-day, $280, six-day, $200.
Do you think the federal government should regulate and control the compensation for executives? Why, or why not? If you are in favor of this idea, please share your ideas on how this could be done.
How will the creation of a Sustainability Index help Walmart manage quality and performance?
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. Based on the production run from last month, a 95% confidence interval..
Randy is a sales clerk at Buy-Mart, a huge discount store. He works in the hardware and gun department. One day, Lee asks to look at a rifle. Randy unlocks the case and hands Lee the rifle he wanted to see. Lee examines the rifle, and tells Randy he ..
Many textbooks on management state that you should plan like you work, by doing one thing at a time. Can this same practice be applied at the project level, or must a project manager plan all activities at once? Justify your response.
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