Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Related questions
Question
Need help computing the mad with both a=.20 and b =.20 values
Transcribed Image Text:In the Bayside Fountain Hotel problem, for the adjusted
exponentially smoothed forecast with a = .20 and B = .20, compute the mean
absolute deviation (MAD) via Excel and/or POM-QM. It is (type number only, two
decimals)
80.16
Transcribed Image Text:The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000-
seat arena that is home to the city's professional basketball and ice hockey teams and
that hosts a variety of concerts, trade shows, and conventions throughout the year.
The hotel has experienced the following occupancy rates for the past 9 years, since
the coliseum opened. Compute an exponentially smoothed forecast with an a value
of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5
would be (type number only, two decimals)
Year
Occupancy Rate (%)
1
2
3
4
5
6
7
89
80.68
83
78
75
81
86
85
89
90
86
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 9 images
Knowledge Booster
Similar questions
- Take Quiz this should be raised promptly to your subject teacher. Failure to aanere to the make your appeal null and void. Question 11 Determine the current running in R4. 12V R₁ = 20 www R3 = 40 R4 = 50 w R5 = 60 www www R₂ = 30 R6 = 70arrow_forwardI need typing clear urjent no chatgpt use i will give 5 upvotesarrow_forwardA PMSI in consumer goods is automatically perfected upon attachment, and the perfection is valid for ___years. 4 5 3 No limitarrow_forward
- Only typed explanation otherwise leave itarrow_forwardA value proposition positions the product or services in alignment with the consumer's preferences. Select one: True Falsearrow_forwardThere are cracks in the foundation of Jessica's house, and she's concerned that an environmental hazard could get into the home as a result. What substance is she thinking of? mold asbestos PCBs radonarrow_forward
- List two examples each of variation, foreseen uncertainty, and unforeseen uncertainty that you have personally experienced in your studiesarrow_forwardCan you assist me with this problem. If possible can you write it out it is easirer to follow along. Thank youarrow_forward111) What is the range for the adjustment factor in the calculation of QALY? a) 0 - 1 b) 0 - 10 c) 0 - 100 d) 0 – 50arrow_forward
- 4. Mostly customers try to buy products . (1 Point) of lowest value in comparison to their benefit of lowest value in comparison to their cost of highest value that meets their wants and needsarrow_forward28 PDCA, developed by Shewhart, stands for which of the following? Select one: a. Plan-Develop-Check-Accept b. Problem-Do-Continue-Act c. Prepare-Develop-Create-Assess d. Plan-Do-Check-Act e. Problem-Develop Solution-Check-Actarrow_forwardWhat are Coca colas 5 sthrenght? what are coca colas 5 weaknessarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education 
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.