Forecasting is a management planning tool which is aimed at coping with future uncertainties‚ depending mostly on data of past and present as well as trend analysis (Chopra & Meindl 2010). The core characteristics of today’s forward looking supply chains is flexibility and agility which utilises forecast‚ as one of the most enhanced planning systems of supply chain strategies to provide the needed capability to quickly respond to changes in situations which positions the agile supply chain profitably
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ACCOUNTING Sri Lankan Gold Price Forecasting - Using Artificial Neural Networks (ANN) Abstract According to Dr Kennedy D. Gunawardene in 2009 The Artificial Neural Network is a collection of simple processors connected together and Each processor can only perform a very straight forward mathematical task‚ but large network of them has much greater capabilities and can do many things which one of its own can’t. The aim of this study is to find a model for forecasting gold prices in Sri Lanka by using
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DEMAND FORECASTING FOR CONSUMER NON-DURABLE GOODS LIKE EGGS & SOAP Introduction: Eggs are one of the popular items of food for non-vegetarians and semi-vegetarians. The present study tries to use regression technique of demad forecasting to estimate the demand fuction of eggs for Raigarh district of Chhatisgarh for various occupational groups in rural and urban areas. In this study we consider variables like size and composition of family‚ family income‚ occupation‚ number of earning members
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Asian financial crisis of the 1990s. Total vehicle sales reached an all-time high of 605‚156 units in 2010‚ surpassing the previous highs of 548‚115 units in 2008 and 536‚905 units in 2009. Total vehicle sales in 2011 were 600‚123 units. This forecasting model is looking into the relationship between the sales of passenger car in Malaysia with the unemployment rate. The unemployment rate can be defined as the number of people actively looking for a job divided by the labor force. Changes in unemployment
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Petty v. Metropolitan Gov’t of Nashville & Davidson County Crystal R. Brazel Strayer University BUS510 Business Employment Law Professor Damaris Garrett February 16‚ 2013 Petty v. Metropolitan Gov’t of Nashville & Davidson County What were the legal issues in this case? In this case there where (3) legal issues: (1) Metro delayed rehiring Petty for the purpose of subjecting him to the department ’s return-to-work process; (2) Metro did not properly rehire Petty
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Questions for the Harvard case “Metabical: Pricing‚ Packaging‚ and Demand Forecasting for a New Weight-Loss Drug” For March 20‚ write responses to the following questions for the Metabical case. 1) How is Metabical different from the existing weight-loss options? How is it better or worse than the other options? Metabical is the first prescription drug approved specifically for overweight individuals (BMI between 25 and 30)‚ those individuals who have weight-loss goals of approximately
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Six Rules for Effective Forecasting People at cocktail parties are always asking me for stock tips‚ and then they want to know how my predictions have turned out. Their requests reveal the common but fundamentally erroneous perception that forecasters make predictions. We don’t‚ of course: Prediction is possible only in a world in which events are preordained and no amount of action in the present can influence future outcomes. That world is the stuff of myth and superstition. The one we inhabit
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FEDERAL COURT OF AUSTRALIA Australian Securities and Investments Commission v Healey (No 2) [2011] FCA 1003 Citation: | Australian Securities and Investments Commission v Healey (No 2) [2011] FCA 1003 | | | Parties: | AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION v BRIAN HEALEY‚ ANDREW THOMAS SCOTT‚ SAMUEL KAVOURAKIS‚ JAMES WILLIAM HALL‚ PAUL ASHLEY COOPER‚ PETER GRAHAM GOLDIE‚ LOUIS PETER WILKINSON and ROMANO GEORGE NENNA | | | File number: | VID 750 of 2009 | | | Judge:
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Obermeyer Case Study Considering all the factors estimated in the case‚ the current problems are how to forecast the future demand with limited uncertainty as well as would that be too risky if increasing production in China due to China’s larger minimum order requirement and intense trade relationship with US. To solve those problems‚ we can first lay out what information and conditions we have: The minimum order quantity is 600 in Hong Kong and 1200 in China. The average cost of producing in
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By 1991‚ LL. Bean Inc was in the catalog business. LL Bean was a major cataloger manufacturer and retailer in the outdoor sporting specialty field. Their golden rule was: "Sell good merchandise at a reasonable profit‚ treat your customers like human beings‚ and they will always come back for more". They had six million active customers‚ and by 1991‚ twenty-two different catalogs ("books") were mailed. 80% of all their orders came in by telephone. They mainly reached the client using direct marketing
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