Pharos University Faculty of Financial & Administrative Sciences O PERATIONS M ANAGEMENT B y: Dr. Ola E lgeuoshy S pring 2013 C hapter (3) F orecasting F ORECASTING “ a Statement about the future value of a variable of i nterest .” U ses of Forecasting: Accounting Cost/profit estimates Finance Cash flow and funding Human Resources Hiring/recruiting/training Marketing Pricing‚ promotion‚ strategy MIS IT/IS systems‚ services Operations Schedules‚ MRP
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stockout protection? c. What should be the target inventory level if the firm desire 99 % Fill Rata? d. If 350 units were in stock at the time of periodic review‚ how many units should be order? 3. Weekly demand has been forecast using exponential smoothing for an item with independent demand. The forecast indicates an average demand of 300 per week‚ 52 weeks per year‚ and the MAD of the forecast is 20 (recall that the standard deviation of weekly demand
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average method assigns 4. Form utility drives the need for b. a fixed location layout where the product remains in place for the duration of production.(No Answer) 1. CORRECT: A project layout is 2. Capacity is 3. Gross margin equals 4. Exponential smoothing b. EOQ(No Answer) 1. CORRECT: Seasonal stocks are not influenced by 2. Vertical collaboration refers to 3. Focused production is 4. Customer service can be defined as b. Effective order management can have an impact on(No Answer) 1.
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chains subject to information delays. Manage Sci 45:1076–10904. Chen F‚ Drezner Z‚ Ryan JK‚ Simchi-Levi D (2000) 8) Quantifying the bullwhip effect in a supply chain: The impact of forecasting‚ lead times‚ and information 9) The impact of exponential smoothing forecasts on the Bullwhip effect. Naval Res Logistics 47:269–2866. Clark AJ‚ Scarf H (1960) 10) Optimal policies for a multi-echelon inventory problem 11) Value of information sharing in a capacitated supply chain. Manage Sci 45:16–249.
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INTERNATIONAL SCIENTIFIC DAYS 2006 "Competitivness in the EU – Challenge for the V4 countries" Faculty of Economic and Management SAU in Nitra Nitra‚ May 17-18‚ 2006 THE SALES FORECASTING TECHNIQUES MARTINOVIC Jelena‚ (SCG) - DAMNJANOVIC Vesna‚ (SCG) ABSTRACT Many sales managers do not recognize that sales forecasting is their responsibility. In this paper we summarized techniques that manager used into two types: qualitative and quantitative techniques. We also discuss the use of computer
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service weather forcast office This website is one of the esiest websites I could check about the daily weather through it. I can feel comfotable while Im using the services which provided in the website. This website provide many things and they are very important for me as a pilot.You can be beneficial and awarnce about the weather any where in the United states of America by entring your city and the Zip code of your city then you will get all the information and forcasts about the daily
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Homework Chapter 3 (2‚ 6‚ 7‚ 8‚ 9 ‚11‚ 12‚ 13‚ 14‚ 16) 3-2 Develop your own model of the steps in the planning process. First‚ planning process is a set of steps and strategies to achieve a goal or an aim. The planning process may consist of a missions and visions to help in achieving the objectives that must be identified in an earlier stage. Steps that are required in the planning process include: 1. Start with addressing the mission of this project. 2. Create alternatives ways to archive
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PROBLEMS ON FORECASTING FCT 1 Given an actual demand of 103‚ a previous forecast value of 99‚ and an alpha of .4‚ the exponential smoothing forecast for the next period would be FCT 2 A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD) ActualForecastErrorError1011-11810-22108 2266 0098 11 FCT 3 What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights .5‚
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Current Location MAT540046VA016-1132-001 Quantitative Methods Review Test Submission: Midterm Exam Menu Management Options Expand All Collapse All MAT540046VA016-1132-001 (Quantitative Methods) Course Home Student Center Announcements Email Gradebook Class Introductions Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Review Test Submission: Midterm Exam Content User | | Course | Quantitative Methods | Test | Midterm Exam | Started | 2/9/13 10:35 PM | Submitted
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Introduction to Management Science: Quantitative Methods: 50 Multiple Choice Questions Question 1 In a balanced transportation model where supply equals demand‚ a. all constraints are equalities b. none of the constraints are equalities c. all constraints are inequalities d. none of the constraints are inequalities Question 2 In a transportation problem‚ items are allocated from sources to destinations a. at a maximum cost b. at a minimum cost c. at a minimum profit d. at
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