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Since May of 2005, the purchase manager at a department store has been using a 4-period moving average to forecast sales in upcoming months. Sales data for the months of January through July are given in the table below.
Month Sales Jan 65 Feb 65 Mar 41 Apr 50 May 63 Jun 38 Jul 72
Compute the mean absolute deviation (MAD) for the four-period moving average forecasts. The forecast values are calculated with an accuracy of two decimal digits. Specify the MAD as a whole number by rounding.
Solve the following linear programming problem graphically by enumerating the corner points. MAX: 3X1 + 4X2 Subject to: X1 X2 4X1 + 6X2 X1, X2 > 0 First
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What do Klein Felds efforts at Siemens tell you about the difficulties of restructuring organizations?
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A bank is planning to serve the rural communities shown in figure 10.8 with automated teller machines (ATMs). The travel time in minutes between communities in the service area is
1) If an operation uses a pull system and lean manufacturing techniques do they need to use forecasts? How about production schedules and shop floor control systems? Explain why/wh
During the 1950s and 609, Mr. T. Ohno of Toyota developed the k an n Production System. Subsequently many other Japanese automobile companies adopted it. The net result with the Ja
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Most organizations possess some formal organizational chart showing the established lines of authority and the division of labour. Generally, formal processes of communication are
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