Managing forecasting projects involves many of the same management skills as managing other projects. Are there certain characteristics that are more significant than others?
Q: Tom's, Inc., produces various Mexican food products and sells them to Western Foods, a chain of groc...
A: Range for constraint is that range for which the optimal solution stays same and does not change unl...
Q: .
A: Autonomous transportation is the system which can provide automatic transfer of people or other r...
Q: What is computerized short-term scheduling that overcomesthe disadvantage of rule-based systems by p...
A: LPT (Longest processing time) FCS (Finite capacity scheduling) FCFS (First come first serve)
Q:
A: One of the most often used Non-destructive Examination (NDE) procedures in the industry is liquid pe...
Q: In a typical network model representation of the transportation problem, the nodes indicate a. ...
A: A transportation problem indicating a method of identifying the optimal resources allocation based o...
Q: Use the BIP branch-and-bound algorithm to solve the following problem. Using Breadth first left as a...
A: (solution after this is continued in step 2) solution for subproblem A- similarly, the other sol...
Q: Explain why satisficing exists and why someone would not require an optimal solution
A: Satisficing refers to a decision-making strategy where the main focus is on achieving satisfactory o...
Q: In terms of catastrophe recovery, what is the major goal?
A: The major goals in terms of catastrophe recovery are, 1. Minimization of the the interruptions to th...
Q: Demonstrate why a trained project manager is required for difficult tasks.
A: Project management is the management in which different kinds of skills and knowledge are required t...
Q: a. Formulate an integer programming model to identify a feasible deployment plan to the sales repres...
A: A Small Introduction about Sales Management Sales management is the method involved with getting ...
Q: Lq Ls Average Number of customers waiting for service hou Average time customers wait in line Averag...
A:
Q: What are systems or solutions selling? How can an organization be successful in this area of sales? ...
A: A Small Introduction about Sales Management Sales management is the most common way of getting so...
Q: Determine the critical path and project completion time.
A: A PERT diagram indicating the activity duration in three dimensional process which helps to calculat...
Q: Describe training priorities you would recommend for the organization.
A: A Small Introduction about Performance Management Performance management is a framework intended ...
Q: Santura furniture makes study tables. The weekly dollar value of its output, including finished good...
A: Productivity refers to the ratio of output to the input. Every organization wants to have a higher p...
Q: Identify & discuss the pros and cons of having a bargaining department in the basemen
A: The name comes since a segment of a department store, typically at the floor or basement Level wher...
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: A small firm produces and sells novelty items in a five-barangay area. The firm expects to consolida...
A: The Break-even point is the point where the production cost and production revenue of the company ar...
Q: The meanings assigned to activities may be shared but may also be complete.
A: Shared Activities imply: those explicitly distinguished activities shared between the gatherings and...
Q: What is the difference between tangible and intangible resources? Which do you find to be more valua...
A: An organisation requires different varieties of assets in order to successfully carry out it's produ...
Q: Engineering Management What is leading? Why is it important to the engineer manager?
A: Engineering amalgamates the science and mathematics in the drawing or design and development of fram...
Q: eral businesses
A: When an employee or worker does the same task over and over again, a learning curve is created to sh...
Q: Problem 1 The following information applies to the City View Restaurant. May 1 Food inventory value:...
A: Inventory control is also described as the control of stock and is a means of managing of inventory ...
Q: What is TPS?
A: A transaction processing system often called TPS gives an implementation environment that makes sure...
Q: Problem #2- Brown Manufacturing-Modified, from textbook page #198 If the annual demand is reduced to...
A: Given:Annual demand = 8,000 unitsDaily demand=60 unitsProduction per day= 80 unitsOrdering cost=$120...
Q: What is Takt time? Calculate the Takt time for an 8-hour day that has two 10-minute breaks and one 3...
A: Takt time is the amount of time available to you to create a product to meet customer demand. It is ...
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: Digital Controls, Inc. (DCI), manufactures tvo models of a radar gun used by police to monitor the s...
A: Range is the imit for which the optimal solution stays same and does not change unless the values go...
Q: The University of Cincinnati Center for Business Analytics is an outreach center that collaborates w...
A: Fees for the Symposium = $70 per person Rental cost for auditorium = $150 Registration processing co...
Q: What are the key traits and differences of Project and Review Technique (PERT)/Critical Path Method ...
A: Project management is the management in which different types of skills and knowledge is used to pro...
Q: Which one of the below evolved team roles is correct: Select one: O a. Teamworker – Single-minded, s...
A: Every member has different characteristics and roles when working in a team, and each team member is...
Q: Maria sells banana que every afternoon. She sells her product everyday except during Sundays. The nu...
A:
Q: Explain how an aggregate production plan is made.
A: Aggregate production planning - is reasonable for operation management. It is linked with the persev...
Q: mplified the task of accounting for products before the time of production usage?
A: Inventories are a common feature in manufacturing processes. Materials management is a critical serv...
Q: What are the trade offs and why is careful consideration of trade offs important in decision making
A: To determined: The trade offs and why the consideration of trade off is important in decision making...
Q: what can you say about the price movements of the stock? (JFC)
A: Prices of stocks change every day due to the changes in the market forces. This means that the price...
Q: Explain how Lean applies to services
A: The lean system is the system in which different lean principles are used to plan and manage busines...
Q: Assuming actual product demand were 1,500; 1540; 1,520; 1,550; and 1,560 for Weeks 1, 2, 3, 4, and 5...
A: Error represents the deviations in the forecasted values in comparison to actual value. %error= [(a...
Q: The Doan Modianos Manufacturing Company isputting out seven new electronic components. Each ofModian...
A: given,
Q: 3. The coach of an age group swim team needs to assign swimmers to a 200-yard medley relay team to s...
A: The administration of product and service transportation is referred to as supply chain management, ...
Q: confectioner buys plastic boxes in bulk and uses them to pack chocolates. The annual requirement of ...
A:
Q: Which of the following are potential advantages of alternative dispute resolution? I. Possible to p...
A: Alternative dispute resolution often called ADR is nothing but the process of settling or resolving ...
Q: A confectioner buys plastic boxes in bulk and uses them to pack chocolates. The annual requirement o...
A: Optimal order quantity is the order quantity that the company should purchase so that their inventor...
Q: identify and describe the type of international business of Sushiro.
A: Sushiro is a Japanese company whose major business is to deal in conveyor belt sushi stores. It is a...
Q: hen it operates overseas.
A: AKINO SUSHIRO CO., LTD. is primarily a sushi restaurant chain operator established in Japan. On a be...
Q: Our distributors are selling our products by Sales Representatives via face to face communication an...
A: Despite persistent cross-country differences, the COVID-19 crisis has enhanced dynamism in the e-com...
Q: a.To set clear guidelines as to how the project schedule will be developed, managed and controlled t...
A: A project schedule is a plan which enables the project manager to make schedules about the speed of ...
Q: Distinguish between the various types of software that project managers might employ to assist with ...
A: The various software types for project cost management are, 1. Oracle Primavera: This software in...
Q: What is a Lean producer?
A: The lean system is the system in which different lean principles and techniques are used to plan and...
Q: Explain the relationship between priority versus capacity that must exist within the production plan...
A: Capacity can be understood as how much a firm can handle at a given point of time. It is quite sign...
Step by step
Solved in 2 steps
- Create a Group Control System Step 1 Form into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or her part. Step 2 Your assignment is to develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential rules to govern member behavior and consequences for breaking those rules. Step 3. first, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover: arriving late for a meeting; missing a meeting; failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation, such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that Start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group thinks a rule should cover that your group thinks a rule should cover.Cousins Jeri Lynn De Bose, Tish Hoover, and Josephine (Joey) Parks looked forward to meeting up during the Christmas holidays to compare notes on the results of midyear teacher evaluations. All were public school teachers in districts scattered over the state. In the pressured search for new levels of teacher accountability demanded by legislators, the state department of education joined 16 other States in implementing a new teacher evaluation system. The goal is to hold teachers account-able for student learning progress in the classroom. Under the guidance of the National Council for Teacher Quality, criteria varies by State, but in most cases, 40 percent of each teacher's accountability score would be based on the principal's evaluation and ranking based on personal observation, 30 percent would be based on personal observation by a master teacher from outside the district, and the Other 30 percent would be based on student test score gains. The state department of education would set a performance goal each school district, and the principal would set a performance goal for each teacher. In preparation, the State conducted intensive training sessions for principals and designated master teachers who would conduct the evaluations based on four class observations per teacher Officials used standardized achievement tests to derive value-added scores that measure student learning over the year. Teacher ratings were 1-5, with I am being the lowest and 5 representing near perfection. The publication of the first year's evaluations stirred interest and controversy, particularly among teachers who worried about the possible long-term effects on job retention and tenure. Now, with the first-year evaluations in hand, the three cousins pored over their experiences. The three represented different types of school systems within the state. Jeri Lynn worked for a metropolitan system in the state capital. The system included many low-income students whose first language was nor English, and several schools within the system were teetering on the brink of State takeover if improvement in student scores didn't materialize this school year. Tish worked in a county System dominated by upper-income residents, and Joey taught in the rural community in which all three grew up. The rural community had high unemployment, and a low percentage of graduates went on to college. As a result, the cousins came to the table with differing teaching experiences. "The numbers are all over the place," Jeri Lynn remarked as she studied the pages. "The whole system is flawed, and they need to make changes," Joey said. "It's too subjective. The principal and master teacher observations are subjective because there are personal factors that affect a true outcome." "Yeah, look at the numbers from your upper-income district," Jeri Lynn said to Tish. "How can 60 percent of the teachers score 5s?' Tish chuckled. "Yeah, lucky us. Our schools are overflowing with children from wealthy families. These are the kids who will apply to Ivy League schools. I can tell you that the principals are going to avoid confrontation on all fronts. No principal is going to give any indication that their students are receiving an education that's less than perfect, and that means cramming the rankings with 5s. They claim a higher level of motivation for students, and thus the selection of an elite team of educators. So with those pressures, I don't think we get personal feedback that is accurate." "At the other end of the spectrum, we have my rural district," Joey said. "The big problem is that the principals know everyone and have longstanding relationships with everyone in the county, so I think scores are based on personal history. We could almost predict who would get high or low scores before the observations. For principals, it can go back as far as 'his daddy and my daddy hated each other in high school, and now I get to evaluate his daughter "I think that in many cases, principals feel pressure to align scores with state expectations. The stare expected my district to have high scores and expected rural schools such as yours to be lower," Tish said. "But isn't that partially offset by lower goals for the rural school distracts responded Joey. "The key to the accountability system is the principal in each school," Jeri Lynn suggested. "With several of the schools in Metro teetering on the edge of state takeover by the end of the year, we had lots of strict principals who wanted to hold our feet to the fire with lower scores." "I thought the whole idea was to provide the teachers With feedback so that we would know the areas where we need improvement," Tish said. "The principals were supposed to conduct two observations in the fall and two more in the spring," Jeri Lynn said. think that's asking too much of them when they already have so much on their plates. I think a lot of them are skimping on their visits. know I only had one observation last semester, and I'm sure Mr. Talley just faked the second set of numbers. The master teachers make only two observations a year, which may be more objective but counts for less." "I'm wondering, too, how a principal measure performance in a course area outside his area of expertise, such as math," Joey said. "If the guy has a phobia about math, anything the teacher says or does is going to 100k brilliant-thus a 5." Tish and Jeri Lynn looked at each other and laughed. "Maybe we picked the wrong subjects," Tish said. "My question is one of perception," Jeri Lynn said. "A large percentage of my students are ELL. That affects their scores. How do you measure a 3 in my situation against a 5 for Tish? At the end of the school year, little Carlos is thrilled that his reading in English has improved, but there`s no Big Bang here. a slow steady improvement that may not actually show up in big strides for a couple of years: "So, the question is how do they create a system that is fair?" Tish asked. "And accurate," added Jeri Lynn. How might the state control the accuracy of principals who are conducting teacher evaluations? Explain.What forecasting techniques are used in the management of technology and innovation?
- What is the strategic importance of forecasting for a business such as Pinkie Ice Cream ? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations?What is the strategic importance of forecasting for a business such as One Stop Car Repairs? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations?What are some of the potential benefits of a more formalizedapproach to forecasting?
- Explain what are the main benefits that quantitative techniques for forecasting have over qualitative techniques? Describe what limitations do quantitative techniques have?Forecasting is an important guard against guess work in decision making. In light of this statement describe the significance of forecasting to business.