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The problem considered is that of forecasting demand for single-period products before the period starts. We study this problem for the case of a mail order apparel company that needs to order its products preseason. The lack of historical demand data implies that other sources of data are needed. Advance order data can be obtained by allowing a selected group of customers to pre-order at a discount from a preview catalogue. Judgments can be obtained from purchase managers or other company experts. In this paper, we compare several existing and new forecasting methods for both sources of data. The methods are generic and can be used in any single-period problem in the apparel or fashion industries. Among the pre-order based methods, a novel 'top-?op' approach provides promising results. For a small group of products from the case company, expert judgment methods perform better than the methods based on advance demand information. The comparative results are obviously restricted to the speci?c case study, and additional testing is required to determine whether they are valid in general
Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt (with a 10 percent rate of interest)
a) Describe the different types of exchange rate risks, using appropriate numerical examples. b) ‘Transaction exposure will equally be managed externally by a forward hedge or
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We consider three methods based on advance demand information. Each of these methods ?rst forecasts total season demand in the upcoming season, denoted by M, for a group of SKUs N
you buy a car for ths 10000000 to be repaid in 3 years, with annua interest of 12%. preapare a loan amortization table
Theoretically Modigliani and Miller (1958) took a fairly straightforward view of the purpose of a company in an economy. They pointed out that companies take cash from providers o
The Minister of Finance decides to review the existing legislation regulating banks and non-banking entities. You have been appointed as Advisor to the Minister to work on the pro
ADIA is a government-owned investment organization that administers the sovereign wealth fund for Abu Dhabi, United Arab Emirates. As per the Sovereign Wealth Fund Institute's rank
how can i rank a project when there are conflict between IRR & NPV
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