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 test market prior to an advertising campaign, A research team condu...

A research team conducted a study of soft- drink preferences among residents in a test market prior to an advertising campaign for a new cola product. Of the participants, 130 are

Aspects of design: Product, Explain each of the following aspects of design...

Explain each of the following aspects of design Product Job and facilities in detail describing each ones effect on Productivity, as well as the combined effect

What are routine and strategic decisions, What are routine and strategic de...

What are routine and strategic decisions? Routine decisions are of repetitive nature that do not need much analysis and evaluation, are in the context of everyday operations of

Normal time, a time study was made of a punch press operator. the average o...

a time study was made of a punch press operator. the average observed time after discounting non normal occurrence was 0.52 minutes per unit. the operator performance was judged to

Explain how does the grapevine develop, Should a manager be concerned with ...

Should a manager be concerned with the grapevine within his or her organization? Why or why not? How does the grapevine develop? Is the grapevine a valid communication process? Sho

Point rating method, How to write point rating method for assignment

How to write point rating method for assignment

Explain units of output per dollar of input, A hamburger factory produces 4...

A hamburger factory produces 40,000 hamburgers each week. The equipment used costs $5,000 and will remain productive for 4 years. The labor cost per year is $9,500. a. What is the

What kind of financial ratio might provide insight, Mary Ann has always lov...

Mary Ann has always loved to cook and is interested in starting a catering business. Being aware of the failure rate of new businesses, she is considering buying an existing cateri

How to avoid the race condition, To avoid the race condition, the number of...

To avoid the race condition, the number of processes that may be simultaneously inside their critical section is A. 8 B. 1 C. 16 D. 0 E. None of the above

Explain switching methods, Which of the following switching methods is fast...

Which of the following switching methods is faster? A. cut-through mode B. source-route C.store and forward D. translational

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