DEMAND FORECASTING Demand forecasting is the process of predicting future average sales on the basis of historical data samples and market intelligence. The volatility of demand from an average level is supplied from the safety inventory. Any forecast is likely to be wrong‚ so the focus should be on understanding the range of potential forecast errors and the level of safety inventory that will cater for peak demand. An important additional calculation is forecast bias. This is the cumulative
Premium Forecasting Future Prediction
I think that Oedipus was great leader and king compared to modern politician. Oedipus has proven to be a good leader. He had ruled the country for 15 years and solved many problem that people in the Thebes had. He cared about his people and their problems. Once Oedipus realized that his kingdom is facing a big problem‚ he quickly took action and started trying to fix the problems. Oedipus sent his brother in law‚ Creon to find out what causes the problem and sent Tiresias along for help. This is
Premium United States President of the United States Hero
Government and Private Organisations are partners in public services delivery. We will think about whether or not Government is the best organisation to provide public services‚ or the private or either the non-profit sector by giving the merits and the demerits of each of them. Key Words Public Service is a service provided by government or local government. Private Service provider is a private service provided by private business. Example rail transport is now privately run in most countries with
Premium Private sector Government Public sector
of the buffer is added‚ the pH may only change a fraction of a unit. Our blood is a good example of a buffered system. It is maintained under a pH of 7.4. Thus‚ buffers are important in many areas of chemistry especially so in biochemistry – in cases when proteins and enzymes are being studied. The hydrogen ion is one of the most important ions in biological systems. The concentration of this ion affects most cellular processes. For example‚ the structure and function of most biological macromolecules
Free PH Buffer solution Acid dissociation constant
INTRODUCTION Contractual Capacity Contractual Capacity is the legal ability to enter into a contract. Minors have particular rights and obligations established by the court when it comes to contracts. Once a person reaches age 18‚ they are considered a legal adult in every state in the nation. In addition to minors‚ other persons are able to avoid contracts. Mentally impaired and intoxicated people‚ convicts‚ and aliens lack the capacity to enter into a contract. A Minor In law‚ the term minor
Premium Contract
(3) there is discrimination against them in other areas of the city. Rents paid are a very high percent of peoples’ incomes. (a) Would the demand for apartments in this area be relatively inelastic or relatively elastic? State why. (b) Would the supply of apartments in this area be relatively inelastic or relatively elastic? State why. 1 (c) Draw the demand and supply curves as you have described them‚ showing the initial equilibrium price and quantity. Label carefully. (d) Now assume the government
Premium Supply and demand
provides a structure for treatment and a review of each case and it creates the principle of guardianship which looks after the wider welfare needs of a patient. • The Capacity Act 2005; this helps people with dementia‚ serve learning disabilities‚ brain injury‚ mental health condition‚ stroke and unconscious either caused by anaesthetic or sudden accident‚ the act protects these individuals and empowers them a they lack the mental capacity to make their own decisions. • The Enduring Power of Attorney
Premium Disability Americans with Disabilities Act of 1990 Discrimination
1950 which states: “All agreements are contracted if they are made by the free consent of parties competent to contact‚ for a lawful consideration and with a lawful object‚ and are not hereby expressly declared to be void.” Competency refers to the capacity of being an adult‚ having a sound mind and not forbidden by law to enter any contract (e.g‚ bankruptcy). This principle is based on section 11 of the Contract Act 1950 which provides that “every person is competent to contract who is of the age of
Premium Contract
Video on Demand 10 May 2004 1 Overview Video on Demand (VOD) enables subscribers to choose from a library of recorded films and TV programming‚ and watch them immediately on their TV set‚ usually via a set-top box. It is analogous to having an ‘online video or DVD store’. Most versions allow the user to pause‚ rewind or fast forward the programme. The customer pays a small fee to watch each programme‚ and has access for a limited time period‚ often 24 hours. Unlike conventional broadcast TV
Premium Cable television
Kentucky vs. King Facts: An undercover police officer watched a controlled deal from inside his unmarked police car. When the deal was over‚ the undercover police officer radioed for uniformed police officers to move in on the suspect‚ who was heading towards a breezeway in an apartment complex. When the police officers arrived at the breezeway‚ they heard a door shut and they could also smell the distinct odor of burnt marijuana. At the end of the breezeway there were two apartments‚ but the
Premium Fourth Amendment to the United States Constitution Police Supreme Court of the United States