What value of alpha-the smoothing constant was the firm

Assignment Help Operation Management
Reference no: EM13842723

A company has had actual unit demand for four consecutive years of 100, 110, 125, and 150. The respective forecasts using exponentials smoothing were 120 for each of those four years. What value of alpha, the smoothing constant, was the firm using?

Reference no: EM13842723

Questions Cloud

Transformational leadership and groups : Review chapter 12 in the Essentials text.  What is their take on the evolution to transformational leadership?  How and why are companies, teams, and groups making this transition?
Measured counter-clockwise from the x axis : measured counter-clockwise from the x axis
Explain the safety measures ensure firefighters not affected : Detail the products of combustion and the correlation between these products and firefighter safety, both during an incident and during salvage and overhaul of the structure. List and explain the safety measures that should be in place to ensure t..
What would be the five years average return forecasts : Over a 25-year period, an investment in a broad market index yielded a arithmetic average return of 4 percent and a geometric average return o 3.6 percent. Using Blume's formula, what would be the 5-year and 10-yea average return forecasts?
What value of alpha-the smoothing constant was the firm : A company has had actual unit demand for four consecutive years of 100, 110, 125, and 150. The respective forecasts using exponentials smoothing were 120 for each of those four years. What value of alpha, the smoothing constant, was the firm using?
Human resource management important during project execution : Why is human resource management so important during project execution? How Maslow’s hierarchy of does needs affect motivation? What are some examples of motivators and hygiene factors, according to Herzberg? What are the three main categories in McC..
Directing and managing project execution : Describe practices that should be followed in directing and managing project execution. What are deliverables such an important output of project execution? What are some of the typical problems that project teams face during project execution?
What is involved in conducting procurements : What is involved in conducting procurements? How do project teams develop a list of qualified sellers? What are some of the main topics addressed in a contract or service agreement?
What is quality assurance and affect project execution : What is quality assurance, and how does it affect project execution? What are the tools and techniques used in performing quality assurance? How did Kristin's team use one of these tools to help improve quality?

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