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Hospitality hotels forecast monthly labor needs.
A)given the following monthly labor figures, make a forecast for june using a three-period moving average and a five-period moving average.Month Actualjanuary 32february 41march 38april39may 43
B) what would be the forecast for june using the native method?
C) if the actual labor firgure for june turns out to be 41, what would be the forecast for july using each of these models?
d) compare the accuracy of these models using the mean abosolute error (MSE)
For this unit, you will write a 3-5 page paper (excluding title and reference pages) summarizing what you have learned about your chosen profession so far.
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. Determine annual cost of ordering and carrying cloth.
It takes four days for an order to be delivered. Safety stock is 65 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
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Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes.
From this fast food case illustrate what process do you think is the most efficient and why. Which competitive dimensions has each firm selected for their process and which focus dimensions have they traded-off.
Why is technical complexity greatest with continuous-process technology? How does technical complexity affect organizational structure?
Evaluate characteristics of new workplace. Assume you are a manager with over 20 years of experience. Illustrate what challenges have you faced as required competencies have changed.
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