MGMT 472 Homework assignment 2 1. According to the text‚ key ingredients for developing successful supply partnerships include all of the following EXCEPT: a. Personal relationships b. Individualized objectives c. Mutual benefits and needs d. Performance metrics 2. The combination of the purchase price of a good and additional costs incurred before or after product delivery can be referred to as: a. Total cost of acquisition b. Total cost of ownership c. Purchase requisition cost d. Total procurement
Free Exponential smoothing Moving average Average
Secondary 2E1 Mid-Year Exam Review 1. Proportion Map and Scale Scale = Map length : Actual Length = 1 : r or If the scale on the map is given by 1: r‚ then the ratio of area measured on the map to the actual area is 1: r2 Direct and inverse proportion Direct Proportion Inverse Proportion If y is directly proportional to x‚ then or where is a constant and . k is known as the constant of proportionality. or where (‚) and (‚) are two pairs of values of and
Premium Algebra Ratio Function
PRODUCTION PLANNING TERM PROJECT | | | Course Lecturer: Prof.Dr.Selim Zaim Öğr.Gör.Dr.Hüseyin Selçuk Kılıç | | | | | Project Members: Elif Duygu Bağatırlar 150308045 Merve Ağaoğlu 150308026 İbrahim Ahıskalı 150308006 QUESTION 1 * Moving Average Method | | MA(2) | MA(3) | MA(4) | MA(5) | MA(6) | MA(2) | MA(3) | MA(4) | MA(5) | Month | Demand | one-step ahead | one-step ahead | one-step ahead | one-step ahead | one-step ahead | two
Premium Harshad number Exponential smoothing Regression analysis
Structured program list. First unit: Sets. In this unit the fundamental concepts of the theory of sets is addressed to provide the tools and the language of operation for subsequent units. Second unit: numbering systems. In this unit‚ we address numbering systems of different cultures until the one’s used current day‚ highlighting the importance of ten based numbering system (decimal)‚ which will be developed in depth by tackling its properties through the next unit. Unit Three: The field
Premium Analytic geometry Polynomial Number
a. Use exponential smoothing with a smoothing constant of 0.5 to forecast the population of the United States in 2003. [pic] b. Use exponential smoothing with a smoothing constant of 0.8 to forecast the population of the United States in 2003. c. Which of the two methods provides a more accurate forecast based on the MAD criterion? [pic] 4. Refer to the data provided in problem 1. Using Solver to find the optimal alpha that minimizes MAD‚ use exponential smoothing to
Premium Time series analysis Moving average Forecasting
1.From your knowledge of restaurant‚ from the video‚ from the Global Company Profile that opens this chapter‚ and from the case itself. Identify how each of the 10 decisions of operations management is applied at Hard Rock Cafe? 1) Design of goods and service Hard Rock Cafe us famous for foods from classic American -burgers and chicken wings- . So they try to be good in service to customers and always modifying the menu. The experience concept is to provide not only a custom meal from the menu
Premium Moving average Exponential smoothing Rock music
Corporation retains a service crew to repair machine breakdowns that occur on an average of 3 per day (approximately Poisson in nature). The crew can service an average of 8 machines per day‚ with a repair time distribution that resembles the exponential distribution. a. What is the utilization rate for this service? b. What is the average downtime for a machine that is broken? c. How many machines are waiting to be serviced at any given time? d. What is the probability that more than one
Premium Probability theory Poisson distribution Normal distribution
30% 46% 16% -.82 3.75 -4.57 Five week moving average 10.73 15.57 7.9 28% 40% 16% 11.17 5.17 -2.72 Five week exponential smoothing 11.58 18.09 8.57 29% 43% 18% 0.62 1.93 -0.59 Three week exponential smoothing 11.13 17.78 7.89 29% 45% 17% -.27 1.74 -2.66 Aggregate demand model 30.57 14% 0.93 Question 2 Next consider using a simple exponential smoothing model. In your analysis‚ test two alpha values‚ .2 and .4. Use the same criteria for evaluating the model
Premium Exponential smoothing Moving average
Calculate the weighted 3-month moving average using weights of 0.50‚ 0.30‚ and 0.20 for periods 4-6. (5 points) c. Calculate the exponential smoothing forecast for periods 2-6 using an initial forecast (F1) 62‚ and an of 0.30. (10 points) d. Calculate the double exponential smoothing forecast for periods 2-6 using an initial trend forecast (T1) of 2.0‚ and initial exponential smoothing forecast (S1) of 60 an of
Premium Exponential smoothing Time series analysis Forecasting
following policy: if a customer has to wait‚ the price is $3.50 per gallon; if they don’t have to wait‚ the price is $4.00 per gallon. Customers arrive according to a Poisson process with a mean rate of 20 per hour. Service times at the pump have an exponential distribution with a mean of 2 minutes. Arriving customers always wait until they can by gasoline. Determine the expected price of gasoline per gallon. Problem 3 The Old Colony theme park has a new ride‚ the Double-Disgusting Cyclonic Twister
Premium Poisson distribution Probability theory Filling station