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The production manager at company XYZ needs to prepare forecasts of product demand in order to plan for appropriate production quantities. In the past, demand for the product has been strongly dependent on the effort put in advertising and promoting the product. To show this, the marketing manager has compiled the data below on sales (in thousands of units) and advertising budget (in thousands of $) over the past 5 months. The marketing budget allocated to this product in the next month is $3,500. Use linear regression to develop an equation for the relationship between unit sales and advertising $, and generate a forecast for this product. Months sales advertising (thousands of units) (thousands of $) 1 264 50 2 116 26 3 165 28 4 101 20 5 209 40 6? 35
Automated Layout Design Programme or ALDEP Here the closeness relationship between two department is used to build up layout . Computer selects randomly the first facility and
For a project, following information is given: Activity I.P Expected Time in Weeks A - 5 B - 6 C A 7 D A,
Work Study and Value Analysis - Improving Productivity By considering how work is carried out (method study) or considering alternative approaches using a cost-benefit analys
What is the present value of $10000 to be received 20 years from now , if the principle is invested at 8% per year, compounded annually?
What are the standard rules of overtime pay? Provide examples of why it is not always simple to administer. Address issues such as double pay, pyramiding, compulsory overtime, and
A small rural county has experienced unprecedented growth over the past 6 years, and as a result, the local school district built the new 500-student North Park Elementary School.
what are the benefits of effective operations management. Discuss.
• Determine the main reasons why a greater involvement in employees' personal lives, as opposed to non-involvement, is inevitable in many international HRM activities, especially i
Some organizational culture characteristics make project success more likely. These characteristics include all of the following EXCEPT: A. Support for cross-functional teams
Objectives of Good Layout Any of the following objectives might be achieved through a good layout: Provide enough production capacity. Reduce material handlin
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