Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 4, Problem 34P
Question
•••• 4.49 Boulanger Savings and Loan is proud of its long tradition in Winter Park, Florida. Begun by Michelle Boulanger 22 years after World War II, the S&L has bucked the trend of financial and liquidity problems that has repeatedly plagued the industry. Deposits have increased slowly but surely over the years, despite recessions in 1983, 1988, 1821, 2001, and 2010. Ms. Boulanger believes it is necessary to have a long-range strategic plan for her firm, including a 1-year forecast and preferably even a 5-year forecast of deposits. She examines the past deposit data and also peruses Florida’s gross state product (GSP) over the same 44 years. (GSP is analogous to gross national product [GNP] but on the state level.) The resulting data are in the following table.
- a. Using exponential smoothing, with α =.6, then trend analysis, and finally linear regression, discuss which
forecasting model fits best for Boulanger’s strategic plan. Justify the selection of one model over another.- b. Carefully examine the data. Can you make a case for excluding a portion of the information? Why? Would that change your choice of model?
Refer to My OMLab for these additional homework problems: 4.50–4.62
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
The Department of Housing and Urban Development's proposed rule on disparate impact will:Question 1 options:
Be permanently tabled
Have no significance
Go into effect shortly after publishing
Never go into effectQuestion 2 (1 point) Who invented the credit scoring model most banks rely on for mortgage lending?Question 2 options:
Fair Isaac Corporation (FICO)
Fair Housing Administration
Urban Institute
Secondary mortgage marketQuestion 3 (1 point) In 2019, how much did the L.G.B.T.Q. client base of Better.com increase in terms of married couples?Question 3 options:
Remained the same
Increased by 500%
Doubled
Increased tenfoldQuestion 4 (1 point) The Fair Housing Act of 1968 prohibits lenders from considering which factors in mortgage underwriting?Question 4 options:
Race
High school attended
Social media profile
Vacation spotsQuestion 5 (1 point) Which company originated 98 percent of its mortgages using a digital platform last year?Question 5 options:
Roostify
Quicken Loans
Better.com…
QUESTION 26
In the case of a recession, the Federal Reserve (Central Bank) to stimulate demand and the economy, it may
a.
Increase infrastructure spending by building bridges and highways
b.
Reduce taxes
c.
Lower interest rates
d.
Raise interest rates
QUESTION 27
About 70% of Coca Cola revenues and profits come from sales outside the US. Therefore as the US currency loses value relative to the other main international currencies like the Japanese yen, euro, British pound, Korean won and as Coca Cola sales revenues and profits increase overseas then most likely
a.
Coca Cola profit denominated in American dollars decreases
b.
Coca Cola profit denominated in American dollars increases
c.
Coca Cola profit denominated in foreign currencies decreases
d.
None of the above
QUESTION 28
According to Engel’s Law, if a family income rises from $500 to $700, then we expect that approximately
a.
money spent…
Question 3
The Canadian government usually runs
A surplus
An export surplus
O A deficit
A debt
Chapter 4 Solutions
Operations Management: Sustainability and Supply Chain Management (12th Edition)
Ch. 4 - What is a qualitative foretasting model, and when...Ch. 4 - Identify and briefly describe the two general...Ch. 4 - Identify the three forecasting time horizons....Ch. 4 - Briefly describe the steps that are used to...Ch. 4 - A skeptical manager asks what medium-range...Ch. 4 - Explain why such forecasting devices as moving...Ch. 4 - What is the basic difference between a weighted...Ch. 4 - What three methods are used to determine the...Ch. 4 - Research and briefly describe the Delphi...Ch. 4 - What is the primary difference between a...
Ch. 4 - Define time series.Ch. 4 - What effect does the value of the smoothing...Ch. 4 - Explain the value of seasonal indices in...Ch. 4 - Which forecasting technique can place the most...Ch. 4 - In your own words, explain adaptive forecasting.Ch. 4 - What is the purpose of a tracking signal?Ch. 4 - Explain, in your own words, the meaning of the...Ch. 4 - What is the difference between a dependent and an...Ch. 4 - Give examples of industries that are affected by...Ch. 4 - Give examples of industries in which demand...Ch. 4 - Prob. 21DQCh. 4 - Prob. 22DQCh. 4 - The following gives the number of pints of type B...Ch. 4 - 4.2 a. Plot the above data on a graph. Do you...Ch. 4 - Refer to Problem 4.2. Develop a forecast for years...Ch. 4 - A check-processing center uses exponential...Ch. 4 - The Carbondale Hospital is considering the...Ch. 4 - The monthly sales for Yazici Batteries, Inc., were...Ch. 4 - The actual demand for the patients at Omaha...Ch. 4 - Daily high temperatures in St. Louis for the last...Ch. 4 - Lenovo uses the ZX-81 chip in some of its laptop...Ch. 4 - Data collected on the yearly registrations for a...Ch. 4 - Use exponential smoothing with a smoothing...Ch. 4 - Consider the following actual and forecast demand...Ch. 4 - As you can see in the following table, demand for...Ch. 4 - Following are two weekly forecasts made by two...Ch. 4 - Refer to Solved Problem 4.1 on page 138. a. Use a...Ch. 4 - Solved example 4.1 Sales of Volkswagens popular...Ch. 4 - Refer to Solved Problem 4.1. Using smoothing...Ch. 4 - Consider the following actual (At) and forecast...Ch. 4 - Income at the architectural firm Spraggins and...Ch. 4 - Question 4.20 Resolve Problem 4.19 with =.1 and ...Ch. 4 - Question 4.21 Refer to the trend-adjusted...Ch. 4 - Question 4.22 Refer to Problem 4.21. Complete the...Ch. 4 - Question 4.23 Sales of quilt covers at Bud Baniss...Ch. 4 - Question 4.25 The following gives the number of...Ch. 4 - Prob. 25PCh. 4 - Question 4.27 George Kyparisis owns a company...Ch. 4 - Question 4.28 Attendance at Orlandos newest...Ch. 4 - Question 4.29 North Dakota Electric Company...Ch. 4 - Question 4.33 The number of internal disk drives...Ch. 4 - Dr. Lillian Fok, a New Orleans psychologist,...Ch. 4 - Emergency calls to the 911 system of Durham, North...Ch. 4 - Using the 911 call data in Problem 4.43, forecast...Ch. 4 - Question 4.47 Storrs Cycles has just started...Ch. 4 - Question 4.49 Boulanger Savings and Loan is proud...Ch. 4 - Question 4.24 Mark Gershon, owner of a musical...Ch. 4 - Lori Cook has developed the following forecasting...Ch. 4 - Prob. 45PCh. 4 - Question 4.32 The following data relate the sales...Ch. 4 - Question 4.34 The number of auto accidents in...Ch. 4 - Question 4.35 Rhonda Clark, a Slippery Rock,...Ch. 4 - Accountants at the Tucson firm, Larry Youdelman,...Ch. 4 - Sales of tablet computers at Ted Glickmans...Ch. 4 - Question 4.38 City government has collected the...Ch. 4 - Using the data in Problem 4.39, apply linear...Ch. 4 - Bus and subway ridership for the summer months in...Ch. 4 - Thirteen students entered the business program at...Ch. 4 - Question 4.48 Dave Fletcher, the general manager...Ch. 4 - The following are monthly actual and forecast...Ch. 4 - Prob. 1CSCh. 4 - Prob. 2CSCh. 4 - Prob. 3CSCh. 4 - For its first 2 decades of existence, the NBAs...Ch. 4 - For its first 2 decades of existence, the NBAs...Ch. 4 - For its first 2 decades of existence, the NBAs...Ch. 4 - For its first 2 decades of existence, the NBAs...Ch. 4 - Forecasting at Hard Rock Cafe Video Case With the...Ch. 4 - Forecasting at Hard Rock Cafe Video Case With the...Ch. 4 - Forecasting at Hard Rock Cafe Video Case With the...Ch. 4 - Forecasting at Hard Rock Cafe Video Case With the...Ch. 4 - Forecasting at Hard Rock Cafe Video Case With the...
Additional Business Textbook Solutions
Find more solutions based on key concepts
What is precedent, and how does it affect common law?
Business in Action (8th Edition)
The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in a...
Operations Management: Processes and Supply Chains (12th Edition) (What's New in Operations Management)
Feeding America Each year, the Feeding America network helps provide food to more than 46 million people facing...
Operations and Supply Chain Management 9th edition
Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinkin...
Operations Management: Processes and Supply Chains (11th Edition)
What are the three major business functions, and how are they related to one another? Give specific examples.
Operations Management, Binder Ready Version: An Integrated Approach
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Need immediate help with Econ question! The Bank of International Settlements (BIS), a somewhat secretive organization based in Switzerland, recently touted the idea of a Central Bank Digital Currency (CBDC). The CBDC has been gaining popularity among the so-called global elite. To quote a New York Times article To keep their money relevant, many central banks are experimenting with digital versions of their currencies. These currencies are virtual, like Bitcoin; but unlike Bitcoin, which is a private enterprise, they are issued by the state and function much like traditional currencies. The idea is for central banks to introduce these digital currencies in limited circulation — to exist alongside cash as just another monetary option — and then to broaden their circulation over time, as they gain in popularity and cash fades away...A central-bank digital currency can [sic] be a useful policy tool. Typically, if the Federal Reserve wants to stimulate consumption and investment, it can…arrow_forwardBond Valuation Theory Question 5 Discuss the concept of Bond Ratings, including its primary concern (use actual ratings e.g. AAA etc, in your discussion).arrow_forwardAssistance please. QUESTIONS Provide a brief summary of the main points in the article. (Maximum 30 words) Identify the type of market failure being discussed in the article and discuss why market failure occurs in this scenario. Suggest a relevant government policy that would yield the efficient outcome and carefully explain the process through which the implementation of the government policy will lead to the optimal outcome. (Maximum 30 words) How will the imposition of the chosen government policy impact consumer surplus, producer surplus and total surplus in this scenario?arrow_forward
- 4.3 Briefly describe the term circular flow (2) 4.4 Explain the role of the factor market in the circular flow? Discuss the interaction between household and firms in the economy (2x2) 4.5 (4) QUESTION 5: Study the graph below and answer the questions that follow. RAND TUMBLES TO 3-WEEK LOw. STOCKS FALL AS EARNINGS DISAPPOINT At 1600 GMT the rand was 2.2% weaker at R16.91 per dollar, its weakest since Jul Source : https://www.moneyweb.co.za/news-fast-news/rand-tumbles-to-3-week-I stocks-fall-as-earnings-disappoint/ 5.1 Identify the market above 5.2 List any type of notes used by South Africa Reserve Bank 5.3 Briefly describe the term market. GAUTENG PROVINCE © Gauteng Department of Education URKO SUTH CAarrow_forwardQuestion 3 a) Explain the difference between a treasury operating as a profit centre as opposed to a cost centre b) Explain the difference between a centralised and de-centralised treasury operation c) discuss the advantages and disadvantages of centralisation and decentralisation d) discuss the process by which a treasury would typically evolve from being a decentralised to either a regional or fully centralized treasury operationarrow_forwardcorrectly explain question and not copy paste Q) Give an example of policies that both the International Monetary Fund & World Bank should implement to fully rid the impoverishment in the Global Southarrow_forward
- Crisis for "Global Financial Crisis Of 2008-2009". *information is in the photo.arrow_forwardQ 10 – The intangible assets section of Ghazi Company at December 31, 2019, is presented below. Patents ($60,000 cost less $6,000 amortization) $54,000 Franchises ($48,000 cost less $19,200 amortization) 28,800 Total $82,800 The patent was acquired in January 2019 and has a useful life of 10 years. The franchise was acquired in January 2016 and also has a useful life of 10 years. The following cash transactions may have affected intangible assets during 2020. Jan. 2 Paid $45,000 legal costs to successfully defend the patent against infringement by another company. Jan – June Developed a new product, incurring $100,000 in research costs and $68,000 in development costs prior to technological feasibility. A patent was granted for the product on July 1. Its useful life is equal to its 20-year legal life. 3 Sept. 1 Paid $58,000 to an extremely large defensive lineman to appear in commercials advertising the company's products. The commercials will air in September and October. Oct. 1…arrow_forwardQUESTION 2 Aeona Shah Alam currently is a having mega clearance sale. All items are on reduced prices, with 70 percent to 90 percent less. If you are in the middle-income category, which salary approximately RM2800 per month. Explain your reaction towards this situation. 25°C Mostly su DELLarrow_forward
- Q3. Assume you are the manager of a financial institution. How would you structure your balance sheet using the maturity gap model if you expected interest rates to decrease? Choose the correct option 1. It would depend on the volatility of the market interest rates. 2. It would depend on the FI’s leverage level. 3. It would depend on the financial institution’s current profitability. 4. It would create a negative maturity gap. 5. It would create a positive maturity gap.arrow_forwardQUESTION 1 The following table provides yearly rate of returns on Dell and on IBM from 2020 to 2023: Year 2020 2021 2022 2023 Return on Dell Return on IBM 18 12 8 10 8 9 15 12 1.1 Calculate the variance of the return on Dell and the variance of the return on IBM. Is the return on Dell more volatile than that on IBM? Why? 1.2 Calculate the Return per unit of Risk Criterion (RRC) on Dell and on IBM (Hint: RRC = Mean Return/Standard Deviation); 1.8 Would you invest in Dell or IBM? Why or why not? QUESTION 2 The following table contains yearly productivity and wage at ABC Corporation from 2020 to 2023: Year 2020 2021 2022 2023 Productivity (%) 11 13 14 18 Wage ($/hour) 5 6 7 10 2.1 Calculate the variance of productivity and the variance of wage; 2.2 Calculate the covariance between productivity and wage. Is the relationship between productivity and wage negative? Why or why not? 2.8 Calculate the coefficient of correlation between productivity and wage. Is the relationship between…arrow_forward• Total sales revenue in Quarter 2 decreased by $10 million compared to Quarter 1. Sales revenue in the East was $78 million in Quarter 1. Sales revenue in the West increased by $46 million from Quarter 1 to Quarter 2. Question Arrange the sales revenue (in '000,000s) by quarter and the percentages in the East and West regions. $160 $120 $80 $40 120 50% 50% 80 50% 50% 5 of 7arrow_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.
Introduction to Forecasting; Author: Ekeeda;https://www.youtube.com/watch?v=5eIbVXrJL7k;License: Standard YouTube License, CC-BY