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The classified department of a monthly magazine has use a combination of qualitative and quantitative methods to forecast sales of advertising space. Results over a 20 month period are as follows. Month Error 1 -8 2 -2 3 4 4 7 5 9 6 5 7 0 8 -3 9 -9 10 -4 11 1 12 6 13 8 14 4 15 1 16 -2 17 -4 18 -8 19 -5 20 -1 a). Compute a tracking signal for months 11 through 20. Compute an initial value of MAD for month 11, and then update it for each month using exponential smoothing of alpha =.1. What can you conclude assuming limits of plus or minus 4. b). using the first half of the data, construct a control chart with 2s limits. What is the implication of this?
Discuss the advantages of using work sampling to understand how employees allocate their time among work activities.
Solve the following linear program using the decomposition principle: minimize z = ?2x1 ? 5x2 subject to x1 + 2x2 = 13.5 x1 + 3x2 = 18.0 x1 ? 9 x2 ? 5 x1, x2 ? 0. Let the first two
The local technology store WiredIn hired you to manage their inventory, which consists of 2 products configurations, type L and type J. Below are the data for the products. The hol
Explain Upward Communication. Upward Communication: It moves in the form of feedback from subordinate to the superior. It takes the forms of: - Reports through Subordinat
In the solutions manual for Operations Management problem is (b-a) ^/6 1, what are the numbers for b and a and how do you enter this in excel showig the fomulas
Briefly explain the management implications of information technology
What do you see as the main organizational problems that are likely to be associated with implementation of a transnational strategy? Explain
>>Why are isoquants negatively-sloped? Along a single isoquant, the firm can substitute the use of one input for another while holding the total level of output constant Beca
A system consists of three identical components. In order for the system to perform as intended, all of the components must perform. Each has the same probability of performance. I
1) What makes a constraint critical or active? Explain. 2) Jim has used the theory of constraints to maximize the production of his active constraints and match the production r
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