(b) Consider a M/s XYZ company, which is developing its annual plans in terms of threeobjectives: (1) Increased profits, (2) Increased market share and (3) increased sales. M/SXYZ has formulated three different strategies for achieving the stated objectives. The tablebelow gives relative weightage of objectives and scores project the strategy. Find theoptimal strategy that yields maximum weighted or composite utility.Measure ofPerformance ofThree objectivesWeightsStrategyS₁S₂S3ROI(Profit)0.2735% Increase(Market share)0.5465% Increase(Sales growth)Required:Find the optimal strategy that yields maximum weighted or composite utility.0.39710

Composite utility can be defined as the measure of a strategy's total effectiveness after accounting…

Answered: (b) Consider a M/s XYZ company, which…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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This a 4 part question that am confused about. Please show the work by hand not excel. 4-1 Sales of a particular product (in the thousands of dollars) for the years 2015 through 2018 have been $48,000, $64,000, $67,000 and $83,000 respectively. (a)What sales would you predict for 2019, using simple four-year moving avaerage? (b) What sales would you predict for 2019, using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.3, 0.15, and 0.05 for the three years before that? (I am able to calculate and know the answer for (a) $65,000 and (b) $73,000. What I don't understand is the following : 4-2 Using exponential smoothing with a weight of 0.6 on actual values: (a) If sales are $45,000 and $50,000 for 2017 and 2018, what would you forecast for 2019 ? (The first forecast is equal to the value of the preceding year.) (b) Given this forecast and actual 2019 sales of $53,000, what would you then forecast for 2020? 4-3 In Problem 4-1, taking…
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