Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages forecasting, the computed sum of percentage error and MAPE should be: * a. 2.89% and 0.96% b. 1.60% and 15.00% c. 1.29% and 0.29% d. 0% and 0%
Q: -true&idCourse%=D108358&idUnit-0&idLessan-D1222409&page-18idWebuser 43485708edSection 15653 gives an...
A: Flex time or Flexible time is the work arrangement that allows the employees to choose the start and...
Q: Question 2 Bryan has been working for Habib Jewels for almost 12 years. He is well known for his ski...
A: In the given question Bryan has been working for Habib Jewels for pretty much 12 years. he's well-kn...
Q: . What is a schedule and why is it important in project planning? Explain your answer in detail.
A: A far-reaching process of designing a project schedule that outlines the project phases, tasks under...
Q: Max 3x, + lx, + 5x3 + 3x4 s.t. 3x, + lx, + 2x3 2x, + lx, + 3x, + 1x 15 2x2 = 30 I| + 3x, <25 X1, X2,...
A: Objective Function: Max Z = 3x1 + 1x2 + 5x3 + 3x4 Constraints: Subject to 3x1 + 1x2 ...
Q: How can a company effectively manage its projects at each stage of the project life cycle with the h...
A: Project management software is a comprehensive term directed to a wide range of schedules designed t...
Q: Mention one example for each type of offer
A: An offer means giving his intent to offere about a particular asset which he is willing to sell or t...
Q: For a manufacturing plant, which category is labor cost considered under higher than usual productio...
A: In the manufacturing plant, the usual cost of the labour will be considered as the fixed cost, but t...
Q: Research into organizational behavior is guided by five driving principles or anchors ' explain the ...
A: The study of how individuals interact inside organizations is known as organizational behavior. Thes...
Q: Chapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the S...
A: Decision variable- Suppose- Xij be the technical service provided by ith technician (i=1, 2, 3, 4...
Q: Organisations compete in a variety of ways, one of which is technical innovation. However, there are...
A: To be determined: Organizations compete in a variety of ways, one of which is technical innovation. ...
Q: 20. A teller at a drive-up window at a bank had the following service times (in minutes) for 20 rand...
A: Given-
Q: Air pollution control activity us going on in the suvera foods which has an expected activity time o...
A: The expected time is the most probable time that the company expects to complete the project success...
Q: What exactly is a balanced scorecard? Describe each of its four components.
A: The concept of the balanced scorecards was introduced by two veterans in 1992, who tools the perform...
Q: et's say that a local TV station plans to drop three Friday evening programs at the end of the seaso...
A:
Q: 15. A study reveals that a group of three semi automatic machines assigned to one operator operated ...
A: From the given question, the following information can be derived. 1. Operator service time is at an...
Q: Explain how to scale up or down the complexity of project planning and management tools and what eff...
A: A project schedule can be stated as the timeline that arranges or organizes activities, assets, or r...
Q: Case Study: NOCO UNITED SOCCER ACADEMY Subject: OPERATIONS MANAGEMENT Questions: Evaluate Dieken’...
A: Through the options, I have summed up answers accordingly. four options are there and the marketing ...
Q: PharmaPlus operates a chain of 30 pharmacies. The pharmacies are staffed by licensed pharmacists and...
A: Decision variable: Suppose-P = No. of full-time equivalent pharmacistsT = No. of full-time equival...
Q: cts to implement in project man
A: To be a good project manager, one must have a wide range of abilities. It requires a variety of skil...
Q: 1. Consider a walk time of 0.1 min, with loading and unloading time = 1.0 min and machine run time =...
A:
Q: what do you think are the pros and cons of a work breakdown structure?
A: A work breakdown structure in each project management & system design is a successful tool that ...
Q: Describe how strategic knowledge management contributes to the preservation of competitive advantage...
A: Strategic knowledge management (SKM) connects with the cycles and foundations associations use to ac...
Q: a) Labor productivity per labor hour for these tires = tires/labor hour (round your response to two ...
A: Productivity is a ratio of the output volume and the volume of inputs. It calculates how efficiently...
Q: Given the situations below, (a) discuss with reasons whether they fall into the category of applied ...
A: According to Gencore Industries' situation, the failure to execute proper applied research was the r...
Q: Recreation and wellness intrant project Health Coverage Cross selling 7 1/22/2022 1/30/2022 1 1/22/2...
A: Find the Given details below: Code Activity Activity Duration(Days) Start date End date A Recre...
Q: Manny is the Marketing Director for a children’s clothing line. He recently met with his boss, the C...
A: Controlling is the process of evaluating how well the goals are achieved. It also include improving ...
Q: State (2) two pros and (2) two cons of regional agreements. You must include examples of countries a...
A: A pact agreed by two or more countries to support the free flow of goods and services across their b...
Q: Indicate whether each of the following applications would be suitable for a queue. a. An ailing comp...
A: The study of the flow of people, things, or information along a line is known as queuing theory. Con...
Q: A visual aid used in loading and scheduling jobs is a:a) Gantt chart.b) planning fil e.c) bottleneck...
A: Scheduling in the context of project management can be stated as the approach of describing a projec...
Q: 3.4-17. Joyce and Marvin run a day care for preschoolers. They are trying to decide what to feed the...
A: Joyce and Marvin need to select different food items that would minimize the total cost while meetin...
Q: Let’s say that Glass For Sale, Inc. manufacturers replacement glass for the home remodeling industry...
A: Linear programming model formulation- Decision Variable: Suppose-F = The no. of windows manufactured...
Q: Calculate the variance expected activity time.
A: expected duration indicating the mean time for an activity and variance is the possible delays in th...
Q: Are there ethical issues associated with self-driving cars? If yes, develop.
A: In the context of the business, ethical issues can be stated as the situation where moral issues or ...
Q: The firm should the semiconductors because this decision has an expected cost of S
A: A decision tree indicating a graphical representation of available decisions alternative based on th...
Q: what will the change on the break-even volume
A: Breakeven point(BEP) is the unit volume or amount values which representing the revenue equals to th...
Q: 3. Five administrative assistants use an office copier. The average time between arrivals for each a...
A:
Q: Answer must b in 2 to 3 pages
A: Fran Jefferson supervised the Training Department of Metro Bank. One of her star employees, Judy Mar...
Q: Daniel's Barber Shop a t Newark Airport is open 7 days a week but has fluctuating demand. Daniel Bal...
A: given,
Q: A toy manufacturing company planned a new refinery activity in the production line which has an vari...
A: Variance = ((p - o)/6)2 Given, Variance = 3 o = 7
Q: The following set of seven jobs is to be processed through two work centers at George Heinrich's pri...
A: NOTE: We are allowed to do first three sub-parts only.
Q: The Maitland Furniture store gets an average of 50 customers per shift. The manager of Maitland want...
A: Queuing models are also known as waiting for line models. It is a study of waiting lines. A. basic q...
Q: Name the part of brand which can't be spoken but can be recognized. Question 17 options: Bra...
A: A branding is done to a product to make it unique in the market and helps to differentiate a product...
Q: A pharmaceutical company has been able to generate a capital of $5 million from a generous investor....
A: Capital is the amount of money invested by the owners of the company. It is used to cover operating ...
Q: reparation With your advice, Tom has continued to make strategic planning progress at Sun City Boar...
A: A Small Introduction about Organization Management Organization management alludes to the special...
Q: Draw the network path 2. Find the number of weeks/period to complete the task 3. Identify the crit...
A:
Q: Hi, I lead the Customer Support Team for the magazines category. Customer questions for one vendor ...
A: Customer satisfaction can be dedined as an estimation that decides how cheerful customers are with a...
Q: 2021 14,500 Although the business does not have a written vision and mission statement, it is clear ...
A: A Small Introduction about Decision Making Navigation is the method involved with settling on decis...
Q: What can be an enhancement to a nursing program? Such as a certain club or activity or project that ...
A: When you further your schooling in the nursing field, you gain proficiency with extra and progressed...
Q: A manager must whether to buy machine A or B. Machine costs are as follows: A $52,000 each; B $100,0...
A: Given-
Q: In your opinion, what do you think CEMEX should do in 2010 in relation to the following Human Resour...
A: CEMEX is a Mexican multinational company, that dabbles in the manufacturing of cement, ready mix for...
Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages
a. 2.89% and 0.96%
b. 1.60% and 15.00%
c. 1.29% and 0.29%
d. 0% and 0%
Step by step
Solved in 2 steps with 2 images
- Under what conditions might a firm use multiple forecasting methods?At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5, respectively. Using 2 as interval for moving averages forecasting, the computed sum of percentage error and MAPE should be: * o 1.60% and 15.00% o 2.89% and 0.96% o 1.29% and 0.29% o 0% and 0%
- 4 Trinity General Hospital had the following number of patient admissions during the past 8 weeksWeek Patient Admissions1 1202 1453 954 1125 1306 1107 1008 140 a. Develop a 3-week weighted average forecast forWeek 4 through 9 with weightsW1 = 0.2W2 = 0.3W3 = 0.5 b. Forecast patient admissions for week 9 using simpleexponential smoothing with α = 0.2. Assume that the forecast for Week 2 (F2) is the naïve forecast.2. A major airline uses an airport in a large city as a hub for its connecting flights. Each day the airline faces a number of claims from its passengers who lost their baggage. The number of lost baggage claims in the last 14 days have been 67, 25, 57, 58, 35, 29, 77, 44, 38, 36, 23, 69, 53, and 45 a. Use moving average method with N = 3 to forecast the expected number of claims for tomorrow. b. Use exponential smoothing method with parameter α = 0.7 to forecast the number of lost baggage claims that the airline should expect in the next 2 days. c. If the criterion for accuracy is the mean squared error (MSE), which of the forecasting methods in parts (a) and (b) are preferred? d. If you become in charge of providing forecasts for the number of claims in the next 2 days using exponential smoothing method, what would be your point and 90-percent prediction interval forecasts for the number of claims in each of the next 2 days? Use MSE as your evaluation criterion.A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: Year Attendance 4 years ago 10,000 3 years ago 12,000 2 years ago 18,000 Last year 20,000 What is this year's forecast using exponential smoothing with alpha = .2, if last year's smoothed forecast was 15,000? %3D A. 20,000 B. 19,000o C.17,500 D.16,000 E.15,000
- With alpha = 0.8, the Exponential Smoothing (ES) forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts1 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows. Week Auto Demand Weights1 9 0.12 11 0.33 8 0.64 125 106 137 78 12a Develop a 3-week moving average forecast for Weeks 4 through 9b Develop a 3-week weighted average forecast…4 Trinity General Hospital had the following number of patient admissions during the past 8 weeks Patient Week Admissions 1 120 145 3 95 4 112 5 130 6. 110 7 100 140 Develop a 3-weck weighted average forecast for Week 4 through 9 with weights a W1 = 0.2 W2 = 0.3 W3 = 0.5 Forecast patient admissions for week 9 using simple | exponential smoothing with a = 0.2. Assume that the forecast for Week 2 (F2) is the naïve forecast.
- Sales of the Crown Gems have been increasing over the past five years. The operations manager has estimated sales in 2017 to be 410 Crown Gems. Using exponential smoothing with a weight of α = 0.30, the forecasts for 2017 through 2022 were developed. The forecasts for 2017 through 2022 is: Year Forecast 2016 450 2017 450 2018 463.5 2019 479.85 2021 504.795 2022 528.5565 a. Advise Crown Gems of the benefits associated with this method of forecasting. b.Caution the manager on the limitations associated with your forecast.The following gives the number of pints of type Bblood used a t Woodlawn Hospital in the past 6 weeks: a) Forecast the dema nd for the week of October 12 using a3-week moving average.b) Use a 3-week weighted moving average, with weights of .I , .3,and .6, using .6 for the most recent week. Forecast demand forthe week of October 12.c) Compute the forecast for the week of October 12using exponentialsmoothing with a forecast for August 31 of 360 and a = .21. The Southern Pizza Parlor is a small restaurant. One of the customers' favorites is Southern Spicy Cheesy Pizza. Tim Owan, the manager, must forecast monthly demand for these special pizzas so that he can order the correct amount of pizza shells monthly. Based on records, the demand has been as follows: (Please see the table) a) Forecast the demand for Southern Spicy Cheesy Pizza for month 13-16, using the 3 and 4 period moving average method. Note: Round up all the forecast to the nearest hundredth. b) Forecast the demand for month 16, using weights of 0.5. c) Forecast the demand for month 10 to 16 using the exponential smoothing method with a = 0.3. d) Now, forecast the demand for month 10-16 using the exponential smoothing method with a = 0.6. How do they compare to that in part (c)? Please show your computations
