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Two independent methods of forecasting based on judgment and experience have been prepared each month for the past 10 months. The forecasts and actual sales are as follows:
WORKING AREA FORMODEL 1 MODEL 2 MODEL 3Month Sales F1 F2 F31 770 771 769 7742 789 785 7873 794 790 7924 780 784 7985 768 770 7746 772 768 7707 760 761 7598 775 771 7759 786 784 78810 790 788 788Performance MeasurementsCFEMADMSE
What are the 2s control limits for the third model? Plot the error terms. What is your conclusion about the forecasting model?
Formulating the linear programming model which can be employed to determine the production plan that will yield the maximum possible annual profit contribution for company.
Illustrate what are the 5 essential feature of the queuing systems at the consumer service counter, the garage also the car wash at thrifty car rental.
In reviewing all of the consumer protections identified, classify the two most harmful to citizens if the protection did not exist. State your rationale with your answer.
The industry has a mechanic who needs five hours to complete the average job with exponential service times. Use the information in Scenario C.5. Illustrate what is the average waiting time of trucks in line.
Coren Chemical, Inc. develops industrial chemicals that are used by other manufacturers to produce photographic chemicals, preservatives, and lubricants. One of their products, K-1000
Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.
Annual holding costs are 37 % of unit price. Three hundred also ninety boxes are to be shipped also every box has a price of $154. Which shipping alternative would you recommend.
Describe the key characteristics and differences of the qualitative, quantitative, mixed, and action research methodologies.
You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station
In a call center, the waiting time for a customer is normally distributed with an average of 65 seconds and a variance of 25 seconds. Assuming that the probability of a customer waiting more than
Identify explain how production processes are organized in a typical manufacturing organization. Illustrate what are some specific instances.
Safety regulations require that the time between airplane takeodds will be at lteast 3 minutes. When taking off, the run time of an airplance ont he runwy is 45 seconds.
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