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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.
How must organisations have the flexibility to demand occur? Forecasting demand can be complicated and unreliable into an uncertain environment. Therefore a balance requires to
During the analysis of a process that was evaluated, it was seen that the variability was non-random on several occasions, i.e, it did not meet acceptable quality standards. Howeve
Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that supplies a product or service to an MNE. How might yo
Advantage of Least Cost Method a. This method provides accurate solution as transportation cost is consider while making allocation. b. It is very simple and
Explain value chain analysis according to Porter. According to Porter’s value chain analysis: Value chain analysis (VCA) is a position audit element which examines the in
Q. What is need of computer aided manufacturing to manufacturing operations? Computer aided manufacturing (CAM) automates production for illustration programmable and robotic p
Samantha (Sam), a book dealer, has the following assets: a building worth $155,000, accounts receivable amounting to $32,500 due within the next three months, and $25,000 cash in t
I need help with writing an rcode to analyze an experiment for a two way layout without replication. There are two factors each with 3 levels.
Q. what are the quality circles? Quality circles is an American conceptual, whereby a group of five to eight employees, usually working in similar area, volunteer to meet onto
How do you determine as a project manager when project work should be contracted out, and how does risk enter into the decision?
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