Explain manager intends to install new equipment, Operation Management

Assignment Help:

Freight car loadings over a 12-year period at a busy port are as follows: Week Number Week Number Week Number 1 220 7 350 13 499 2 245 8 360 14 475 3 284 9 423 15 526 4 275 10 380 16 510 5 305 11 425 17 507 6 310 12 450 18 541 a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 3 decimal places.) formula110.mml = + t b. Use the trend equation to predict expected loadings for weeks 22 and 23. (Round your intermediate calculations and final answers to 3 decimal places.) The forecasted demand for week 22 and 23 is and respectively. c. The manager intends to install new equipment when the volume exceeds 777 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately what week? (Round your intermediate calculations to 3 decimal places and final answer to the nearest whole number.) It would take approximately more weeks.


Related Discussions:- Explain manager intends to install new equipment

Define monte carlo simulation is a technique used as part of, Monte Carlo s...

Monte Carlo simulation is a technique used as part of: Answer Risk identification Risk assessment Risk monitoring and control Risk handling

Describe how trade lowers the costs of making computer parts, closing case:...

closing case: Logitech Best known as one of the world's largest producers of computer mice, Logitech is in many ways the epitome of the modern global corporation. Founded in 198

Find breakeven as well as target profit volume, Happy Ten Produces sports s...

Happy Ten Produces sports socks. The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. 1. Compute the contribution mar

Elements, what are the elements of production forecasting?

what are the elements of production forecasting?

Explain ventures to move into the global marketplace, Many entrepreneurs en...

Many entrepreneurs enter the global market for a variety of reasons. Why is it important for entrepreneurs to learn to think globally? What are the advantages and disadvantages of

Explain one of the disadvantages of technology, One of the disadvantages of...

One of the disadvantages of technology is that it does not allow older workers to postpone retirement. True False

Explain what is the most that should be paid for forecast, Nick has plans t...

Nick has plans to open some pizza restaurants, but he is not sure how many to open. He has prepared a payoff table to help analyze the situation. States of Nature Alternatives Good

Explain collective bargaining process is seniority, One of the most importa...

One of the most important issues discussed in the collective bargaining process is seniority. It is one of those components of the workplace that seems to impact every worker, whet

I need to cancel my order i made earlier today, I want to cancel my order I...

I want to cancel my order I made earlier today. How do I do this and get a full refund?

Explain misunderstandings in the future, Jeremy Moss's credit card was bill...

Jeremy Moss's credit card was billed $450.00 by the Langford Inn. The charge was a "no-show" charge that resulted from Mr. Moss not arriving at the hotel on a night that "he" had r

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd