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make a recommendation for how many units of each style Wally should make during the initial phase of production.

make a recommendation for how many units of each style Wally should make during the initial phase of production.

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 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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Given the information in Exhibit 1-10, make a recommendation for how many units of each style Wally should make during the initial phase of production. Assume that all of the 10 styles in the sample problem are made in Hong Kong and that Wally's initial production commitment must be at least 10,000 units. Ignore price differences among styles in your initial analysis. Note: The minimum production quantity for a style of parka is 600 units in Hong Kong.

Sport Obermeyen, Ld. 695-022 Exhibit 10 Sample Buying Committee Forecasts, 10 Styles of Women's Parkas Individual Forecasts Average Standard Forecast Deviiation Deviation 2x Std. Style Price Laura Carolyn Greg Wendy Tom Wally Gail S110 1,000 900 1,300 S00 1,200 1017 194 Isis S99 800 700 1,000 1,600 950 1,200 1,042 323 646 Entice S80 1,200 1,600 1,500 1,550 950 1,350 1,358 248 496 Assault S90 2,500 1,900 2,700 2,450 2,800 2,800 2,525 340 680 Teri $123 800 1,000 1,100 950 1850 1,100 381 762 900 Electra $173 2.500 1,900 1,900 2,800 1,800 2,000 2,150 404 807 Stephanie $133 600 900 1,000 1,100 950 2,125 1,113 524 1,048 Seduced S73 4,600 4,300 3,900 4,000 4300 3,000 4J017 556 1,113 Anita S93 4,400 3,300 3,500 1,500 4,200 2,875 3,296 1,047 2094 Daphne S148 1,200 3,500 2,600 2400 2,300 1,600 2.383 1,394 697 Totals 20,000 20,000 20,000 20,000 20,000 20,000 20,000 "Obermeyer's wholesale price Notes Laura Komashiewicz was marketing director Carollyn Gray was customer service manager Greg Hunter was production manager Wendy Hemphill was production ooordinator Tom Tweed was a sales representative Wally Obermeyer was vice president Exhibit 11 Forecast Distribution for the Electra Parka (Forecast parameters from Exhibit 10)
Transcribed Image Text:Sport Obermeyen, Ld. 695-022 Exhibit 10 Sample Buying Committee Forecasts, 10 Styles of Women's Parkas Individual Forecasts Average Standard Forecast Deviiation Deviation 2x Std. Style Price Laura Carolyn Greg Wendy Tom Wally Gail S110 1,000 900 1,300 S00 1,200 1017 194 Isis S99 800 700 1,000 1,600 950 1,200 1,042 323 646 Entice S80 1,200 1,600 1,500 1,550 950 1,350 1,358 248 496 Assault S90 2,500 1,900 2,700 2,450 2,800 2,800 2,525 340 680 Teri $123 800 1,000 1,100 950 1850 1,100 381 762 900 Electra $173 2.500 1,900 1,900 2,800 1,800 2,000 2,150 404 807 Stephanie $133 600 900 1,000 1,100 950 2,125 1,113 524 1,048 Seduced S73 4,600 4,300 3,900 4,000 4300 3,000 4J017 556 1,113 Anita S93 4,400 3,300 3,500 1,500 4,200 2,875 3,296 1,047 2094 Daphne S148 1,200 3,500 2,600 2400 2,300 1,600 2.383 1,394 697 Totals 20,000 20,000 20,000 20,000 20,000 20,000 20,000 "Obermeyer's wholesale price Notes Laura Komashiewicz was marketing director Carollyn Gray was customer service manager Greg Hunter was production manager Wendy Hemphill was production ooordinator Tom Tweed was a sales representative Wally Obermeyer was vice president Exhibit 11 Forecast Distribution for the Electra Parka (Forecast parameters from Exhibit 10)
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