BUSINESS MANAGEMENT MARKS: 80 COURSE: EMBA Sem-II SUBJECT: Operation Management Name: Munin Krishna Das Reference Number: KH00610-10427 Note:- 1) Kindly write case study number question number properly 2) Attached question papers with answer sheets ____________________________________________________________ _________________ SECTION A Case – 1 Marks-15 On the night of Feb 28th‚ the last day of classes‚ Nilesh proposed to Geeta‚ his MBA classmate of nearly a year and a half. Geeta agreed immediately
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PROBLEMS Carter Corporation’s sales are expected to increase from $5 million in 2006 to $6 million in 2007 or by 20 percent. Its assets totaled $3 million at the end of 2006. Carter is at full capacity‚ so its assets must grow at the same rate as projected sales. At the end of 2006‚ current liabilities were $1 million‚ consisting of $250‚000 of accounts payable‚ $500‚000 of notes payable‚ and $250‚000 of accruals. The after-tax profit margin is forecasted
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Six Rules of Effective Forecasting Q1: Write a summary about the six rules of effective forecasting? Paul Saffo is the author of the article of six rules for effective forecasting. He points out that effective forecasting is very different from accurate forecasting as it is possible that a forecast is effective but it may or may not be accurate. Accurate forecasting entails being unsure of the situation and one should not race to answers. Effective forecasting on the other hand means looking at
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Appropriate Forecasting Model Forecasting is done by monitoring changes that occur over time and projecting into the future. Forecasting is commonly used in both the for-profit and not-for-profit sectors of the economy. There are two common approaches to forecasting: qualitative and quantitative. Qualitative forecasting methods are especially important when historical data are unavailable. Qualitative forecasting methods are considered to be highly subjective and judgmental. Quantitative forecasting methods
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1. Forecasting of non-standardized products: Forecasting is the process of Estimating future demand for planning purposes. Forecasting is classified into two main categories‚ namely‚ qualitative and quantitative forecasting. In forecasting nonstandardized products‚ qualitative methods are used. But I am going to give a brief explanation about the quantitative methods. 1.1 Quantitative Methods: 1.1.1 Stationary Series Methods: Moving Averages Method: Moving average of order N is the arithmetic
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GROUP ASSIGNMENT SEPTEMBER 2014 SEMESTER ________________________________________________________ COURSE CODE : BEEG 5013 COURSE NAME : MANAGERIAL ECONOMICS GROUP ASSIGNMENT : INTEL INC – DEMAND FORECASTING CHALLENGE LECTURER : PROF. DR. K. KUPERAN A/L K.V.S.N.VISWANATHAN PREPARED BY : KHAW CHAI HOON (MATRIC: 814795) : QUAH ENG HONG (MATRIC: 817290) : CHA HUI FUNG (MATRIC: 814139) : RAJ KUMAR A/L RADAKRISHNAN (MATRIC: 817291) : LIEW KONG
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Instructors Manual Case Studies Table of Contents Introduction Shipper Manufacturing Company ………………………………............ C-2 FHE‚ Inc. ……………………………………………………………….. C-5 Early Supplier Integration in the Design of the Skid-Steer Loader……... C-9 Process Design Eastern Gear‚ Inc. ………………………………………………………. C-17 Southwest Airlines: Singin’ the (Jet) Blues …………………………….. C-21 The Field Service Division of DMI ……………………………………. C-29 Pharmacy Service Improvement at CVS (A) …………………………… C-36 U.S.
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Hard Rock Forecasting Forecasting is fundamental to all organization. In the service sector‚ such as restaurants and hotels‚ forecasting is used for their long term‚ intermediate term and short term operation. In the video‚ Hard Rock Café uses forecasting to help them better operate their business. Hard Rock uses forecasting in all their café‚ hotels‚ and night clubs. They use it to forecast the capacity needed for growth per store for long term‚ and determine quantities of items for the intermediate
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Case Study- Seizure Mark is a 10 grade student with cerebral palsy after a head injury when he was an infant. He struggles with lack of muscle control‚ walking‚ writing‚ bad vision‚ hearing and difficulty talking. He has good friends in the class that share the same hobby over computer games. He is a very good student in all areas especially math but struggles with writing and speaking. He helps the school with computer software because of his work with his friends with computers. It is very hard
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Engineering Management Student Learning Outcome Assessment Report Fall 2010 1. Department/Program Mission The mission of the Engineering Management and Systems Engineering Department is to Equip individuals with engineering‚ management and systems expertise to prepare them to be leaders in the identification and solution of technical and organizational problems that are complex and evolving Conduct innovative and pioneering research that continues to expand the body of knowledge in Engineering
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