Determine the best Alternative, if data are PROFIT "maine the course
Q: An automatic lathe produces rollers for roller bearings, and the process is monitored by statistical…
A: Given data N= 4 The central line with respect to the sample means is fixed at 8.60 and mean range…
Q: Examination questions Question 1 ■ On 1 September each year, Salemis Limited begins the task of…
A: Since you have submitted a question with multiple subparts, as per guidelines we have answered first…
Q: Factory 1 Factory 2 Factory 3 Factory 4 Demand Market 1 Market 2 Market 3 Market 4 Capacity $5 $4 $6…
A: Given data is
Q: Using the attached template answer the following question. (Note that the data from P06_40.xlsx is…
A: Given data is Available to invest = $25 million per year
Q: The Operations Manager of supermarket has received the following customer complaints for a 4-week…
A: A check sheet is a quality tool where the data related to the defects/complaints are collected and…
Q: Braneast Airlines uses 500 taillight per year. Each time an order for taillights is placed, an…
A: Economic Order quantity (EOQ) is a inventory ordering method which helps to identify the optimal…
Q: Suppose 3M Corporation granted a Belgium firm the rights to manufacture “Post-It-Notes” in Belgium…
A: A "licencing agreement" is a formal, written agreement between two parties that permits one party to…
Q: According to your understanding, what does the mission statement mean? 2. Why is it important for…
A: A vision statement can be stated as the statement that generally describes what an organization to…
Q: creativity and innovation, Mr. Francois is pondering about manufacturing something, but he has to…
A: Value chain:- A value chain is a business model that outlines all the steps involved in producing a…
Q: Activity Greet customer Take order Process order Print receipt Activity Time per Customer 5 seconds…
A: Given data Demand rate = 20 customer per hour
Q: VI. LEARNING ACTIVITIES The NHOL Company has an annual sale of 20,000 television sets. Each…
A: NOTE: We are allowed to do one question only at a time. EOQ=2*D*SHAnnual holding cost(HC) =…
Q: What are the capacity requirements for the next four years? (Assume that there is no learning.)…
A: Plastic sprinklers:1 machineCapacity 240,0005 workersTotal available capacity = 240,000 * 1 =…
Q: Is there anything wrong with the set-up of the firm? If you were MaryAnn, what will you do?
A: Managing team members across manifold sites can become challenging. When you’ve many teams to…
Q: Paula Caplin is manager of a major electronics repair facilityowned by Fisher Electronics. Recently,…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: Each hour, 100 students want to ride a bus from the student union to Fraternity Row. The admiration…
A: Number of students (D) = 100 Waiting cost (h) = $5/student/hr. Bus cost (S) = $10 per bus
Q: PROBLEM 7 Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M. to…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: An event when denotes a particular task or activity is frequently shown as a round circle and called…
A: A network diagram in project management is described as a means of visualization of the logical and…
Q: A local real estate investor in Orlando is considering three alternative investments: a motel, a…
A:
Q: Woolworths drives innovation and change in food retailing supply chain (AUS 2018) Australian large…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 1. Determine the critical path for the project network in the following Figure:
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: The introduction of diversity into the workplace brings with it a host of barriers and challenges.…
A: The term diversity can be understood as variety or distinction between humans on different basis…
Q: how many days, are required for each refinery to operate to obtain the minimum cost?
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Explain the difference between a moving-average and an autoregressive process.
A: Moving-average and autoregressive process are the statistical model used for forecasting the values…
Q: The company wants to know how many units of each product to produce on each machine to maximize…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: What is a scheduling technique used to achieve an optimal, one-to-one combination of tasks and…
A: Scheduling is the process of arranging the production activities in order to complete the…
Q: a. Write the linear programming model for this problem. b. Present the optimal solution and…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: a) GOT7 Soda Pop, Inc., has a new fruits drink. The production planner has assembled the following…
A: General notes : This is a case of aggregate plan with multiple possible answers based on the…
Q: Am I on the right track to do this question correctly? If not please show me where I went wrong and…
A: Below is the replica of the sheet provided in the question. Formulas:
Q: during a trial run: Diameter 1.281 1.282 1.283 1.284 1.285 1.288 1.296 Number of Units 6 7 14 8 5 2…
A: Given: Diameter Number of units Diameter Number of units Diameter Number of units 1.240 1 1.281…
Q: Identify key quality project plan steps that you feel should be included within a typical overall…
A: Project management can be defined as the application of collection of various tools and techniques…
Q: Which of the following is a disadvantage of partnership? Question 5 options: Unlimited…
A: A partnership can be stated as the formal organization by two or more two parties to handle or…
Q: you are the operation manager for a high-end furniture manufacturers. your marketing department has…
A: Facility layout:- Special consideration must be given to the facility layout if an organisation is…
Q: Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an…
A: EOQ = 120 units (rounded to nearest integer since decimal value cant be procured)
Q: actual , physical movement of goods and people between two points , is pivotal to the successful…
A: Logistics management:- Through the proper planning, management, and execution of the efficient…
Q: A. Create a table showing the variables, objective function, and constraint. B. Create a set of…
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: JCL Inc. is a major chip manufacturing firm that sells its products to computer manufacturers like…
A: Given data
Q: PROBLEM 6 An investment firm has $1 million to invest in stocks, bonds, certificates of deposit, and…
A:
Q: 4. An industrial engineer has conducted a study aiming to minimize traffic flow between the work…
A:
Q: The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is…
A:
Q: Consider an independent case for each decision variable. Find the range of prices for handbag,…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Required: Find the maximum value for profits and the number of materials produced from televisions…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: a Compute MAD for the results of each forecasting method. Which one is more accurate? b Compute MSE…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: other organizations in a supp
A: Management of a supply chain refers to the practice of organizing and controlling the flow of…
Q: As an astute entrepreneur who believes in creativity and innovation, Mr. Francois is pondering about…
A: a) Value chain consists of set of all the activities and the related processes associated with a new…
Q: How can a company gradually introduce sustainable supply chain management?
A: Sustainable supply chain management is described as the management of a supply chain that includes…
Q: Find the capacity of this system: 22 units/hr 20 units/hr 22 units/hr 17 units/hr 2 18 units/hr 5 8…
A: The capacity of the system refers to the ability of the system to produce products in a specific…
Q: a) Is this a balanced problem? b) Obtain the initial tableau for the transportation problem
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: A company faces the following demands during the next three weeks: week 1, 2000 units; week 2, 1000…
A: Demand: Week 1: 2000 units Week 2: 1000 units Week 3: 1500 units Production cost per unit: Week 1:…
Q: Calanute Beach Resort, a fictional seaside luxury hotel in Goa, India, had the following occupancy…
A: Find the Given details below: Given details: Month Occupancy Rate in % 1 65 2 68 3 72 4…
Q: Graph the problem, identifying the variables and constraints. Determine the amount of bags of…
A: The data in given in percentage, we need to convert it into the exact values/amounts to form the LP…
Step by step
Solved in 2 steps
- 2-1 Sales of Cool-Man air conditioners have grown steadily during the past 5 years: DEMAND ADV SEPENT 2017 450 1200 2018 495 1650 2019 518 1710 2020 563 1860 2021 584 1960 Predict the demand of Year 2021 by: a. Using 3 moving average b. Using exponential smoothing with alpha = 0.30. The sales manager had predicted, before the business started, that year 1l's sales would be 410 air conditioners. c. Using the relationship between the sales and advertainment spent Which of the above value is the best predicated demand for Year 2021? 2-2 Three trials for the company stock control system were calculated as shown in the table below. The holding cost, shortage cost and ordering costs have been estimated to be $220, $80 and $170. The company has a high competition therefore they need to keep their customer and attract more new customers. Strategy 1 Strategy 2 Strategy 3 Reorder Quantity 200 600 400 Reorder Level 300 400 200 Lead Time 1 Number of days when stock out is occurred 20 12 Number of…Calculate a regression line for the data and indicate the forecast of sales for a store with advertising spending of R240,000? and R300,000? Store Advertising Sales 1 14 6 2 11 3 3 15 5 4 16 5 5 24 15 6 28 18 7 22 17 8 21 12 9 26 15 10 43 20 11 34 14 12 9 5The monthly demand for units manufactured by the Acme Rocket Company has been as follows:Month Units Month UnitsMay 100 September 105June 80 October 110July 110 November 125August 115 December 120a. Use the exponential smoothing method to forecast the number of units for June to January. Theinitial forecast for May was 105 units; a = 0.2.b. Calculate the absolute percentage error for each month from June through December and theMAD and MAPE of forecast error as of the end of December.c. Calculate the tracking signal as of the end of December. What can you say about the performanceof your forecasting method?
- The classified department of a monthly magazine has used a combination of quantitative and qualitative methods to forecast sales of advertising space. Results over a 20-month period are as follows: Month Error Month Error 1 —8 11 1 2 —2 12 6 3 4 13 4 7 14 4 5 9 15 1 6 5 16 —2 7 0 17 —4 8 —3 18 —8 9 -9 19 —5 10 —4 20 —1 a. Compute a tracking signal for months 11 through 20. ComputeMonth Demand Forecast Error Abs Error alpha 1 20 2 18 3 21 4 25 5 24 6 27 7 22 8 30 9 23 10 20 11 29 12 22 Mean Bias MAD (mean error) Problem 6: Maverick Jeans' demand manager decided to evaluate exponential smoothing. To maintain com- parability, she used the data from problem 6, copied below. 1 Month 2 3 Demand 20 18 21 25 4 5 24 6 7 8 9 10 11 12 27 22 30 23 20 29 22 Develop forecasts for months 5-12. Calculate the Bias and MAD. Use a starting forecast of 20 for month 4 and an alpha value of 0.2. (Note: Adjust all cell values to two decimal points.)K The following table gives the number of pints of type A blood used at Damascus Hospital in the past 6 weeks: a) The forecasted demand for the week of October 12 using a 3-week moving average Week Of August 31 September 7 September 14 September 21 September 28 October 5 Pints Used 350 389 408 378 366 371 pints (round your response to two decimal places).
- » 95 A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft = 80 + 25t where Ft = Annual sales (000 bottles), t is in years. Predict annual sales for year 6? 170 230 10 % 6 52 min 42 secsApple Corporation is planning to produce their new product called the next generation low cost iPhone the said product will compete the product lines of Samsung, the management is hoping that it will further increase their revenue starting 2nd Quarter of 2018. Below is the historical data of actual sales and forecast of iPhone last 2017: Forecast Sales in Million Actual sales in Million Month Units Units Jan 51 55.3 Feb 52 54.1 Mar 53 62.3 Apr 55 61.1 May 57 58.6 June 60 59.2 July 62 67.3 Aug 65 70.2 Sep 68 75.1 Oct 69 79.2 Nov 70 80.1 Dec 75 81.2 Solve the following questions: According to operations manager the bottleneck process is tester with weekly capacity of 120,500 units and it has machine inventory of 85 testers, how many additional testers are needed to support the startup of the new product? Per feedback from accounting department the fixed cost for investing the new product is 4,500,000andvariablecostof0.75 per unit and selling price of $5 per unit, how much quantity is…3. Quarterly sales of a car dealer exhibit an almost constant mean over time, but sales fluctuate depending on the quarter of the year (exhibits seasonality). Quarter Q1 - Spring Q2 - Summer Q3 - Fall Q4 - Winter Mean Year 1 32 74 53 22 45.25 Year 2 30 71 63 15 44.75 Year 3 35 83 45 19 45.5 (a) Using three years' worth of quarterly data that is provided, develop a set of seasonal factors that could be used to forecast car sales (b) Forecast car sales in each of the four quarters (Q1-Q4) of the following year (Year 4), using these seasonal factors.
- Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $14.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR I II III IV QUANTITY (UNITS) Y = 14 20 28 18 QUARTER THIS YEAR I II III IV QUANTITY (UNITS) 20 26 30 15 a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) > Answer is complete but not entirely correct. 18.535 X + 0.630 tQ5) Monthly sales for a six month period are as follows: Month SalesJan 18,000Feb 22,000Mar 16,000Apr 18,000May 20,000June 24,000 Compute the sales forecast for July using the following approaches: (1) Four-month moving average; (2) Weighted three-month moving average using .50 for June, .30 for May and .20 for April;(3) Exponential smoothing with α (smoothing constant) equal to .40, assuming a February forecast of 18,000Apple Corporation is planning to produce their new product called the next generation low cost iPhone the said product will compete the product lines of Samsung, the management is hoping that it will further increase their revenue starting 2nd Quarter of 2021 Below is the historical data of actual sales and forecast of iPhone last 2020: Forecast Sales in Million Actual sales in Million Month Units Units Jan 51 55.3 Feb 52 54.1 Mar 53 62.3 Apr 55 61.1 May 57 58.6 June 60 59.2 July 62 67.3 Aug 65 70.2