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Unformatted text preview: University of Toronto Faculty of Applied Science and Engineering Midterm, February 2009 MIE363S - Resource and Production Modelling Examiner - Chi-Guhn Lee Name: Student ID: Signature: 1 For full or partial credit, you must show all work in a logical order without omitting any intermediate steps . After reading carefully, if you do not fully understand the problem statement, you can make assumptions as long as they are clearly stated. Assumptions that violate basic definition given in class and/or simplify the problem beyond its intended level of difficulty are not acceptable. 1. (35 points, Forecasting) Sales forecasts for WARP Shoe Factory are made using a three- period moving average. The following tables presents the sales figures from January to December of 2008. Month Demand January 200 February 300 March 200 April 250 May 320 June 370 July 280 August 200 September 310 October 250 November 300 December 280 (a) (5 points) Use the moving average method with N = 3 to make forecasts for January and February of 2009....
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This note was uploaded on 08/02/2010 for the course MIE MIE363 taught by Professor Lee during the Spring '10 term at University of Toronto- Toronto.
- Spring '10