Monthly forecast for landing gear assemblies, Operation Management

Assignment Help:

1) Rocco wants to prepare the sales forecast for the next 24 months today. His company produces heavy-duty on/off timers used by large Christmas light displays and above ground swimming pool filters. He wants to use regression analysis to predict monthly sales volume based on the past 24 months. Is his plan sound? Why/Why Not? Advise Rocco on his plan and make suggestions as to what techniques from this course might improve his forecasting.

2) What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?

3) Bruce is in charge of a production area for a company that makes small personal aircraft. He is working late on a monthly forecast for landing gear assemblies. He has decided to use exponential smoothing and last year's landing gear production numbers to forecast demand for the next three years. Is he on the right track? Why/Why Not? Explain.


Related Discussions:- Monthly forecast for landing gear assemblies

Explain a market-product grid is a framework to relate the, A market-produc...

A market-product grid is a framework to relate the _____ to products offered or potential marketing actions by an organization. estimated expenses for products sold total ant

Describe alabama electric for a claim, Fred Flowers works for Alabama Elect...

Fred Flowers works for Alabama Electric and is a resident of the State of Florida. Following a series of storms in the Northeast, Alabama Electric sent Fred to Virginia as part of

Systems approach to process planning and design, Systems Approach to Proces...

Systems Approach to Process Planning and Design Knowledge about operations strategies, product / service designs, technologies of the production system, and markets are used t

Discuss entrepreneurship is more mundane, INC.. magazine claims, "Entrepren...

INC.. magazine claims, "Entrepreneurship is more mundane than it is sometimes portrayed . . . you don't need to be a person of mythical proportions to be very, very successful in b

Transportation problem, Calculate row or column penalty we take two values ...

Calculate row or column penalty we take two values namely the minimum and 2nd minimum? If 4 4 5 occurs in a problem, we choose 4 as a minimum and 5 the 2nd minimum why not another

Explain factors weighing the pros and cons, Examine each possibility and th...

Examine each possibility and the factors you will consider in weighing the pros and cons.

Define what are the steps and the benefits of a social audit, What are the ...

What are the steps and the benefits of a social audit?

What are the factors to effect capacity levels, What are the factors to eff...

What are the factors to effect capacity levels? Factors effecting capacity levels are as follows: • Resources accessible for example, labour and skills, machine time and

Explain overwhelming moral dilemmas, Should ethical concerns be part of lif...

Should ethical concerns be part of life's everyday experience, or is it only necessary when we are faced with overwhelming moral dilemmas? Please state why you have come to this co

Explain nnon-monetary motivation, Explain nNon-monetary motivation. No...

Explain nNon-monetary motivation. Non-monetary Motivation: The following are several of the techniques of providing motivation that are non-monetary in nature:- (i) Pra

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