Forecasting adn Time Series Anlaysis, Operation Management

Assignment Help:
To answer Question 1:
Use the forecasting module that you opened in the POM-QM for Windows software to solve the Southwestern University case study at the end of Chapter 4 of the Heizer and Render (2014) textbook. For this case study, you are required to build a forecasting model. Assume a trend analysis (regression over time) forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of the POM software. Answer the three Discussion questions given in the case study. Explain your reasoning or show your calculations.
Question 2
Print Page
• Launch the POM-QM for Windows software and from the main menu select Module and then Waiting lines.
Scenario: During registration at a university, an adviser must approve students’ course selections. It takes the adviser an average of 2.8 minutes (exponentially distributed) to approve each schedule, and students arrive at the adviser’s office at the rate of 20 per hour (Poisson distributed).
To answer Question 2:
Address the following using the POM software.
• Compute the average time a student spends in the waiting line. Students have complained to the registrar about the length of time they must wait to have their schedules approved. The registrar is considering several ways to reduce the waiting time.
• One way to reduce the waiting time is to assign some assistants to the adviser. Each assistant would reduce the average time required to approve a schedule by 0.2 minutes, down to a minimum of 1.0 minute. How many assistants should the registrar assign to the adviser if the registrar feels that a waiting time of ten minutes is not unreasonable?
• About one-fifth of the students identify their cases as routine. The advisor can serve these kinds of routine cases in one minute (with negligible variance). Hence, another way the registrar can reduce the waiting time is to provide an assistant to handle routine cases, while the advisor handles the non-routine cases. Do you find this option acceptable?
NOTE: I can send the attachment related to Q1

Related Discussions:- Forecasting adn Time Series Anlaysis

Explain theories of scientific management, • Compare and contrast the theor...

• Compare and contrast the theories of scientific management with that of the human relations management approach. • Determine whether there is one best approach to management,

Operations management, Operations Management refers to those activities whi...

Operations Management refers to those activities which are more or less directly concerned with the creation and delivery of goods and services. The course is intended to give you

Difference between classical and neo-classicaal theory, Explain d ifferenc...

Explain d ifference between Classical Theory and Neo-Classical Theory of Organisation. Difference between Classical Theory and Neo-Classical Theory of Organisation : The c

Decreasing value a demerit of reducing project scope, Why is decreasing val...

Why is decreasing value a disadvantage of reducing project scope to accelerate a project?

Rules related to the arrangement of the work place, Related to the arrangem...

Related to the arrangement of the work place: 1.       There  should  be a definite and fixed place  for all tool sand material. 2.        Tools  materials and controls sho

Transportation, In VAM method when two penalties are same then which one is...

In VAM method when two penalties are same then which one is to be selected

Explain bruce wayne routinely participates in activities, Bruce Wayne routi...

Bruce Wayne routinely participates in activities such as skydiving, rock climbing and bungy jumping. His employer told him to stop the activities or they would cancel his health in

Explain assignment of contract rights, What is the difference between assig...

What is the difference between assignment of contract rights and delegation of contract duties? Illustrate your answer with examples.

Explain how much would he receive under the incentive plan, Fulton Enterpri...

Fulton Enterprises is trying to determine standard production per day for an incentive program. Suppose that the incentive program will pay $1 per unit produced above standard rate

String diagram, String diagram is a simple tool for analyzing and desi...

String diagram is a simple tool for analyzing and designing work space such that movement can be minimized. The basic diagram is a scale plan or model on which a t

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