Variables are used for short-range-long-range forecasting

Assignment Help Operation Management
Reference no: EM131034682

Select one industry from the list below: Bank, restaurant, health clinic/hospital, airline, or university.

What specific variables would be needed by that organization in order to forecast? Be sure you explain why you selected each variable and why it is important to forecasting.

Which variables are used for short-range forecasting, long-range forecasting, or for both. Make sure you support your selections.

Reference no: EM131034682

Questions Cloud

Forecasting is a critical step in inventory management : 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. Your assign..
How variation occur in asexually versus sexually reproducing : Compare how variations occur in asexually versus sexually reproducing organisms. Note what all protist groups have in common, then differentiate between feeding and living habits of the different groups.
Offensive-defensive strategy : Joseph Dawson's article "Jefferson Davis and the Confederacy's "Offensive-Defensive" Strategy in the US Civil War" What are the key elements of Davis' "Offensive-Defensive" strategy? Why does Davis choose this strategy?
Leverage the topic to create a more effective organization : Select a specific topic that aligns with one of the following topics ethics, sustainability, or stakeholder topic of your choice. Research and present the topic and then discuss ways a company with which you are familiar can leverage the topic to cre..
Variables are used for short-range-long-range forecasting : Select one industry from the list below: Bank, restaurant, health clinic/hospital, airline, or university. What specific variables would be needed by that organization in order to forecast? Be sure you explain why you selected each variable and why i..
Which is the most potent and irritating dose of tretinoin : . When looking under the microscope to diagnose an intravaginal infection, you see a cluster of small and oval to round shapes. What do you suspect they are?
Find an article about e-commerce advertising : Do a secondary data search and find an article about e-commerce advertising. Prepare a summary of the article. What impact does the essence of the article have on marketing? Include a copy of the article.
Describes the retail process in detail : discusses how a marketer can overcome internal hurdles that prevent the adoption of a superior marketing plan.
What makes conflict intractable and what paradigms exist : What makes conflict intractable and what paradigms exist to help move past impasse towards more constructive resolution? Provide an example of global conflict and briefly analyze it using a dynamic systems model and the ten guidelines for altering th..

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd