Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May–December in thousands per month Average:59Standard Dev:2 AndreiAyaLorenzoClaireByronRuthConsensus020406080   Model B: Monthly Estimated Demand May–December in thousands per month Average:29Standard Dev:6 AndreiAyaLorenzoClaireByronRuthConsensus020406080   Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer   Model A Model B Unit Price $210.00 $250.00 Unit Cost $135.00 $155.00 Unit Profit $75.00 $95.00 Markdown (liquidation) Price* $121.50 $46.50 Monthly Holding Cost $4.20 $5.00*at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model Ak/month Model Bk/month *Please write a short statement about the strategy yo

Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line. Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines. However, the board of your company is interested in your personal estimates as well. The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products. Model A: Monthly Estimated Demand May–December in thousands per month Average:59Standard Dev:2 AndreiAyaLorenzoClaireByronRuthConsensus020406080   Model B: Monthly Estimated Demand May–December in thousands per month Average:29Standard Dev:6 AndreiAyaLorenzoClaireByronRuthConsensus020406080   Unit Data with Options as Chosen costs are an estimate from the lowest-cost contract manufacturer   Model A Model B Unit Price $210.00 $250.00 Unit Cost $135.00 $155.00 Unit Profit $75.00 $95.00 Markdown (liquidation) Price* $121.50 $46.50 Monthly Holding Cost $4.20 $5.00*at the end of the year, all models left in stock will be sold to a consolidator at this price Enter your demand estimates This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April. Model Ak/month Model Bk/month *Please write a short statement about the strategy yo

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
See similar textbooks
icon
Related questions
Question

Congratulations, the design options for the two mobile phone lines have been specified. You will now have to predict the total demand for each product line.

Your forecasting team members have come up with a consensus for what they believe demand will be for the mobile phone lines.

However, the board of your company is interested in your personal estimates as well.

The numbers you will forecast after entering the forecasting room will not affect your production schedule, but they will help you later as you determine where and how to source your products.

Model A: Monthly Estimated Demand May–December

in thousands per month
Average:59Standard Dev:2
AndreiAyaLorenzoClaireByronRuthConsensus020406080
 

Model B: Monthly Estimated Demand May–December

in thousands per month
Average:29Standard Dev:6
AndreiAyaLorenzoClaireByronRuthConsensus020406080
 

Unit Data with Options as Chosen

costs are an estimate from the lowest-cost contract manufacturer
  Model A Model B
Unit Price $210.00 $250.00
Unit Cost $135.00 $155.00
Unit Profit $75.00 $95.00
Markdown (liquidation) Price* $121.50 $46.50
Monthly Holding Cost $4.20 $5.00
*at the end of the year, all models left in stock will be sold to a consolidator at this price

Enter your demand estimates

This is your forecast for what monthly demand will be each month from May through December. There is no demand expected from January through April.

Model Ak/month
Model Bk/month
*Please write a short statement about the strategy you
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
SEE MORE TEXTBOOKS