Explain how any 2 quantitative forecasting models are used as per requirements.
Q: What types of inventory are most often minimized in a Just-In-Time production process
A: The Just-In-Time (JIT) production process helps the organization minimize various types of inventory…
Q: Question 35 Suppose you have a three task sequence. All customers go to Task A. After task A, 20% of…
A: Customer arrival times help an organization determine queue lengths and waiting times. By…
Q: Actual run time this week 6,106 minutes Machine time available per week 8,600 minutes Actual run…
A: Actual run time this week =6106 miles Machine time available per week =8600 minutes Actual run rate…
Q: Determining how administrative control measures can be improved How can administrative control…
A: Administrative control measures refer to the rules, regulations, actions, and policies which are…
Q: Topic: Threats and controls of the disbursement cycle Lourdes works at the manufacturing company…
A: An essential component of every organization's financial operations is the disbursement cycle, which…
Q: What does systemstic and Unsystematic risks means
A: An organization functions in an environment that keeps on changing. It is important for companies to…
Q: Soft Key is trying to determine how best to produce its newest product, DVORK keyboards. The…
A: Process A and Process B have the same variable cost but Process B has higher fixed cost, Process A…
Q: Pls help ASAP
A: An insurance broker serves as a critical mediator in the intricate world of insurance services,…
Q: Use the following scenario and data for all questions The following is the Bill of Material (BOM) of…
A: Find the given details below: Itemon-handLead timeSchedule ReceiptsInventory(weeks)A02-B03100 in…
Q: The desired daily output for an assembly line is 360 units. This assembly line will operate 390…
A: Network diagram is a graphical representation of a project which helps to identify the project…
Q: what is the critical path
A: The critical path method (CPM) stands as a cornerstone, serving as a powerful analytical tool for…
Q: Question 2 What did the General Electric Task Force study of consumer perceptions of the quality of…
A: An extensive investigation of consumer views of the quality of several product lines inside General…
Q: Solve the following assignment problem I 11 9 13 21 1 2 3 4 5 сл 14 II 17 7 16 III 8 12 15 12 24 17…
A: An assignment problem is a technique to find the combinations of the optimal solution to the…
Q: Topic: Threats and controls of the disbursement cycle Lourdes works at the manufacturing company…
A: The disbursement cycle, which includes everything from buying raw materials to paying suppliers, is…
Q: A developer is subdividing some land for a residential development in the Calins. This is the…
A: Here, for each activity, I have been given the time data and predecessor data, First, I would…
Q: The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual…
A: Appraisal cost is the overall cost or expense incurred a an organization or a business to assess and…
Q: a. What service rate is needed to keep the average number of customers in the service system…
A:
Q: Select the three principles that you think are most relevant to the use of data analytics in public…
A: The use of data analytics has become a revolutionary force in the current drive to increase the…
Q: Suppose that we wish to include the following business rule as a constraint of a linear programming…
A: Linear programming helps us to find the optimal solution/best outcome, given the constraints.Here,…
Q: The Silly Nut Company makes two mixtures of nuts: Mixture A and Mixture B. A pound of Mixture A…
A: x1= Mixture Ax2= Mixture B1 Oz = 0.0625 lb Objective Function: Max Z= 4x1 + 5x2Profit needs to be…
Q: 3 1 5 5 . B 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 A B с Based on the city distance dataset as…
A: CitiesBostonChicagoDallasDenverLAMiamiPheonixSeattle1Boston09831815199130361539266426122Chicago98301…
Q: quality provides a greater barrier to entry as a fixed cost for newspapers than it does for…
A: It is not always necessary for an entrance barrier to prohibit businesses from joining a market in…
Q: Mazy’s Department Store has decided to stay open for business on a 24-hour basis. The store manager…
A: Find the given details below: Given details:Time Personnel - NeededMidnight ~ 4:00 a.m. - 954:00…
Q: QUESTION 34 butie y & Google 4 Sample size Number defective 100 3 100 100 100 5 100 The central line…
A: Quality control involves analyzing the process of production to identify areas for improvement. This…
Q: Critical Path Scheduling Construct a Pert diagram for each of the two problems below (see scheduling…
A: A PERT diagram showing the sequence and dependencies of tasks, as well as the estimated durations…
Q: Illinois Furniture, Inc., produces all types of office furniture. The "Executive Secretary" is a…
A: The precedence diagram method often called PDM can be stated as the tool for scheduling the tasks in…
Q: Development of Version 2.0 of a particular accounting software product is being considered by Jose…
A: The project crashing is a process that helps to reduce the total duration of the project by…
Q: Please do not give solution in image format thanku 1. In a queueing system, customers arrive once…
A: Arrival rate a = 1/4 per secService rate s = 1/3 per secThe standard deviation of arrival time Sa=…
Q: LS: MULT 20- LT: 1 Period Gross Requirements Scheduled Receipts Projected on Hand Net requirements…
A: MRP stands for Material Requirements Planning. It is a computer-based inventory management system…
Q: λ= μ= b. Calculate P0 c. How many callers, on average, are waiting to place an order under the…
A:
Q: A computer company's yearly inventory cost is 42 percent (which accounts for the cost of capital for…
A: Inventory cost refers to the cost of holding and maintaining inventory in a business. Inventory cost…
Q: 8. Ajax produces two basic products called A and B. Each week, Paul, the owner, plans to assemble 20…
A:
Q: R Square 0971252
A: The coefficient of determination is the value of R Squared which is given as 0.971252. So the answer…
Q: As operations manager of Holz Furniture, you must make a decision about adding a line of rustic…
A: Large Process line :High Demand profit =$600000Low Demand profit=350000Probability of high demand…
Q: subject to a deductible?
A: This can be considered under hazard and safety management at a factory so knowing the policy is…
Q: Please do not give solution in image formate thanku. Jim Corner, owner of Corner Bike Rentals,…
A: In statistics and quality management, sigma level refers to a measure of the performance and quality…
Q: Estimated times for the jobs of a project are given below: Job A B BCD E F G H Time 13 5 8 10 97…
A: Find the Given details below: ActivityImmediate…
Q: b) Prepare a master schedule based on the following information: 1 2 3 5 120 100 150 70 90 60 Week:…
A: Following is the step to create a master scehdule for the data provided above- Calculate the total…
Q: How can the growth of intermodal transportation affect the product’s supply and demand? Discuss the…
A: The growth of intermodal transportation can significantly impact a product's supply and demand…
Q: A medical equipment testing and calibration service is shown below. The customer usually brings the…
A: Find the given details below: Given details:ActivityActivity time(mins)Performed…
Q: All-over Shampoo is a leading brand in the company's western sales region. Of the 710,000 households…
A: Unit share of requirements is a metric used to measure the percentage of requirements that a…
Q: Please do not give solution in image format thanku A business incurs the following costs: •Labor:…
A: Effective management of total costs helps businesses to identify those areas where expenses can be…
Q: Each item is sold to customers at a price that averages $37,750. What volume per month is required…
A: Fixed cost (FC) = $2620321Variable costs (VC) = $14250Price (SP) = $37750
Q: What is the minimum cost of crashing the following project that Roger Solano manages at Slippery…
A: The project crashing is a process that helps to reduce the project duration using additional costs…
Q: the constra given below, WHI 14x X x = 2, y = 1 + + x = 1, y = 2 = 2, y = 5 x x = 5, y = 5 x = 0, y…
A: Option c) is correct14x+6y≥42x+3y≥6the values of both x and y in both inequalities and check weather…
Q: Using the data in the table, what is the naive forecast of monthly income for April? (Round to two…
A: Here, for each month, I have been given the income data, I would apply a naive forecasting technique…
Q: The constraint for cold storage location B should be:
A: The transshipment problem is a pivotal concept within the realm of transportation and logistics. It…
Q: Given the following data, according to MAD/MAE which is the most accurate forecasting…
A: MAD (Mean Absolute deviation) indicates the average of absolute error value. The calculation is as…
Q: Southern Gas Company (SGC) is preparing to make a bid for oil and gas leasing rights in a newly…
A:
Q: regular time is wrong for all 4 months
A: A production plan is an essential tool for project management and is typically created by production…
Explain how any 2 quantitative
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- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Explain 4 methods of time series in demand forecasting with an examples.body de: A manager wants to choose one of two forecasting alternatives: moving average and exponential smoothing. Each alternative was tested using historical data. The resulting forecast errors for the two are shown in the table. Period (t) Forecasting Errors using Moving Average Forecasting Errors using Exponential Smoothing 1 3 4 2 3 -2 2 -3 3 4 2 -1 5 2 3 (a) Calculate MAD for Moving Average Method and Exponential Smoothing Method (b) Calculate MSE for Moving Average Method and Exponential Smoothing Method 6 4 5 (c) Based on Part (a) and Part (b), which forecasting method (Moving Average or Exponential Smoothing) should be used in this problem? Please explain your reasons.1 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows. Week Auto Demand Weights1 9 0.12 11 0.33 8 0.64 125 106 137 78 12a Develop a 3-week moving average forecast for Weeks 4 through 9b Develop a 3-week weighted average forecast…
- 1. Explain the challenges of managing service industry with suitable example? You being a service manager what the precautionary steps you will be initiating-Explain. 2. You are a manager working with operation department and your general manager asked to analyze the key external factors of the industry you are working with suitable example. 3. You are working with an airline company and your manager requested to submit report on elements of a good forecasting and explain pros and cons of delayed forecast.2.1 Forecasting plays an important role in logistics planning, differentiate between quantitative and Qualitative forecasting methods. 2.2 Organisations often use various forecasting techniques depending on the objectives they seek to attain.Explain the following forecasting techniques.Q 6 Identify two business situations where the Delphi method might be used to generate forecasts. Can you think of any difficulties and pitfalls associated with using the Delphi method?
- Q1) Forecasting is both art and science. Describe the situations where we use Qualitative forecasting techniques and quantitative forecasting techniquesForecasting Forecasting is important relative to capacity requirements planning. What are some of the merits of using judgment methods (i.e., qualitative data) in contrast to quantitative forecasting methods. Which methods are considered to be superior or more accurate, and in what forecast situations would require judgment methods? In what situations would require a quantitative approach to forecasting?1-What is the difference between qualitative forecasting techniques and quantitative forecasting techniques?