A useful forecasting approach that can be used is consulting executive and

A useful forecasting approach that can be used is

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amounts of quantity needed to be stored in the company's warehouse. A useful forecasting approach that can be used is consulting executive and upper level mangers as it is very likely that they have enough experience to provide helpful and effective opinions that can be used when developing a forecast about the expected level of demand. Middle and lower level managers also can help to add an input to the forecast with their opinions due to their constant contact with customers . Question 6 Several location models and methods can be used to solve the location problems in the case. First model that can be used is factor rating which helps us to chose the best of the available location by comparing them based on specific standards . Second model is the center of gravity method. This method is very important for organizations that use low cost strategies as it can help to determine the best location
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associated with the lowest distribution costs when distributing to the 24 pharmacies in Dubai . The third and final model is location cost-profit volume analysis. By using this model, XL can decide on which volume of production will generate higher profit . Question 7 Linear programming one of the various mathematical methods that are used to solve the problems of operational planning related to transportation problems. A real world application showing a problem that involves transportation between warehouses and pharmacy networks and suppliers modeled using linear programming to find the optimal cost of transportation is presented in this paper. Excel Solver has been used in that application .
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