Southwestern Ohio Steel Limited Partnership (SOSLP) was considered to be one of the industry leaders in technology and service. SOSLP sells to approximately 500 customers‚ twenty five of which produces about two-thirds of the company’s sales. Dan Wilson‚ vice president of sales at SOSLP‚ had recently received a letter from Matworks requesting SOSLP to provide sponsorship for an upcoming Matworks annual sales meeting. Dan needed to decide if providing sponsorship was feasible keeping in mind that
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Justifying the War in Afghanistan Before arguing whether or not the war in Afghanistan was a just or unjust war‚ I am going to give some history about what was happening before 911 or talks of war even began. The Taliban was the government in Afghanistan from 1996 until 2001. The Taliban means "Students of Islamic Knowledge Movement". They came into power during the civil war in Afghanistan‚ and were detested from the world community because of their actions. They held about 90% of the country’s
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Framework for Implementation of Free and Open University Courseware in Kenya. Patrick Kinoti*‚ Adrian Kamotho Njenga* *Lecturer‚ Kenya Methodist University Corresponding email: Patrick.Kinoti@kemu.ac.ke Abstract Free and Open University Courseware (FOCW) refers to university course materials which may include lecture notes‚ presentation videos‚ syllabi and course outlines that are shared for free on the web. The concept of free sharing of university courseware is continuously gaining popularity
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trends and cycles 2 Part2. Dummy Variables Model 3 Linear trend model 3 Quadratic trend model 5 Cubic trend model 7 Part 3. Decomposition and Box-Jenkins ARIMA approaches 8 First difference: 10 a. Create an ARIMA (4‚ 1‚ 0) model 10 b. Create an ARIMA (0‚ 1‚ 4) model 11 c. Create an ARIMA (4‚ 1‚ 4) 11 d. Model overfitting 12 Second difference 13 Forecast based on ARIMA (0‚ 1‚ 4) model 13 Return the seasonal factors for forecasting 14 Part 4. Discussion of different methods
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ambiguous or vague statements will be considered false. Please write legibly. 5- This is a closed-book exam: however‚ one double sided sheet (8.5" x 11") of notes and a calculator are permitted for arithmetic use only. The sheet of notes must be handed over with the exam copy at the end of the exam period‚ or else your copy will not be marked. 6- NO COMMUNICATION DEVICES MAY BE WITHIN SIGHT DURING THE EXAM PERIOD. | | |
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Just-In-Time Manufacturing Production Activity Control Chase Production Strategy Level Production Strategy ABC Analysis Q4. In forecasting what is meant by‚ Qualitative techniques Quantitative techniques Moving Average Weighted Moving Average Exponential Smoothing Mean Absolute Deviation Q5. What are the advantages of a Make-to-Stock and Assemble-to-order strategy over a make-to-stock strategy. Q6 What are the essential inputs into an Material Requirements Planning (MRP1) inventory management
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Types of forecasting There are two major types of forecasting‚ which can be broadly described as macro and micro: Macro forecasting is concerned with forecasting markets in total. This is about determining the existing level of Market Demand and considering what will happen to market demand in the future. Micro forecasting is concerned with detailed unit sales forecasts. This is about determining a product’s market share in a particular industry and considering what will happen to that market
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Weather Forecasting In researching this project I was amazed to find the many books on this topic. After going through much information and reading an enormous amount of writing on weather forecasting I can only come to one conclusion that when all is considered the best forecasters can only give an educated guess of what is in store for weather. Through the many means at their disposal‚ such as satellites‚ ships at the ocean‚ infrared‚ radio‚ and radar transmissions even with all of these techniques
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MANAGEMENT AND FORECASTING CHAPTER 1 JF607 MANUFACTURING PROCESS MANAGEMENT 1.1 Describe management in manufacturing 1.1.1 Define the term of management 1.1.2 Describe the basic functions of management a. Planning b. Organizing c. Staffing d. Directing e. Controlling MANUFACTURING PROCESS MANAGEMENT 1.2 Explain organization and planning 1.2.1 Define the basic principle of an organization and terms of organization a. Authority b. Duties c. Responsibility d. Accountability
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1. The first step in forecasting often involves a detailed analysis of the historical market data. Ideally‚ you will want to go back at least 10 years and examine monthly data and try to develop a good understanding of the market dynamics. This is useful when developing analogs for future events. However‚ to gauge the appropriateness of these analogs‚ it is useful to speak to someone in the company that has some detailed insights into the market dynamics. 2. Following the data analysis exercise
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