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Sales of quilt covers at Bud Banis’s department store in Carbondale over the past year are shown below. Management prepared a forecast using a combination of exponential smoothing and its collective judgment for the 4 months (March, April, May, and June): july 100 august 93 september 96 october 110 november 124 december 119 january 92 february 83 march 101 120 april 96 114 may 89 110 june 108 108 Compute MAD and MAPE for management’s technique. b) Do management’s results outperform (i.e., have smaller MAD and MAPE than) a naive forecast? c) Which forecast do you recommend, based on lower forecast error?
A worker-machine operation was found to involve 3.6 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The worker's time averaged 2.5 minutes per cycle
Review two of the project management software tools available via links in the course syllabus. Provide an overview of each software and decide if you will use either of the software for projects throughout the course and why. If you decide to use th..
How might Xerox be able to address the shortage of mechanical design engineers identified by the aggregate project planning analysis shown in Exhibit 4-9? List five ways Xerox could increase the capacity and five ways to reduce the demand for mechani..
Based on the scenario, prepare a brief training cost analysis for a training program of your choice, including estimated time requirements for each task and relating those time requirements to the overall cost you have identified for the project?
Write objective function and labor hours and machine hours constraints and formulate Objective Function, Assembly Hours Constraint, Labor Hours Constraint, and Desired Profitability Equation.
The Internet and the Web are not the same thing. What is the difference between the Internet and the Web? Let's discuss what the Internet is and how many kinds of traffic, including Web traffic, can run on the Internet. What are the key technologi..
The Human Resource Department provides a myriad of services for both the employees and the management of a college or company. What do you consider to be the three most important functions of a Human Resources Department and why? Based on your past w..
the statement has been made that a quality system is not just a series of boxes and arrows. it is an interconnected
AirBnB and similar companies were able to understand where consumers congregate and how to reach them. How would you do this with your own online business to attract consumers?
How many machines should the company buy initially? What is the expected payoff for this alternative?
What is the significance of testing a hypothesis? What leads to formulation of hypothesis from induction/deduction?
In your own words, discuss your point of view on affirmative action. Do you believe it is fair or does affirmative action create further discrimination.
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