Units Produced
Labor (hours)
Resin (pounds)
Capital Invested ($)
Energy (BTU)
Last Year
Now
1,200
1,200
300
260
60
45
10,000
11,000
2,950
2,500
Productivity
Data
Enter
Enter the
the outputs
outputs fo
Chapter 4 - Forecasting
Mr. David P. Blain. C.Q.E.
Management Department
UNLV
Outline
Global Company Profile: Tupperware
What is Forecasting?
Types of Forecasts
Seven Steps in the Forecasting System
F
TEMPLE UNIVERSITY
Fox School of Business and Management
Department of Marketing
Summer 1 2016
Marketing 2101 Section 711/712
Marketing Management
Instructor: Debbie Campbell
Meeting Time Online Sessio
Project Management
Precedences; 1 time estimate
Enter
Enter the
the times
times in
in the
the appropriate
appropriate column(s).
column(s). Enter
Enter the
the precedences,
precedences, one
one per
pe
A.
B.
C.
Highest possible expected monetary value: 29200
EVwPI: 34000
Expected value of perfect information: 4800
Names: Print & Sign on the back of the Form
MSOM Sec_009_
Group #_6_
Date:_1/31/17_
Ch
Christopher Myarick Group 6
A) 2 valves per person per hour
B) 2.25 valves per person per hour
C) 12.5% productivity increase
Labor (hours): 9.09% productivity increase
Resin (pounds): 11.11% producti
A. Year 12: 13.67
B. Year 12: 14
C. Weighted moving average is better, lower MAD
A.
B.
C.
D.
A linear equation can effectively describe the relationship
Y = 0.68 + 1.03X
9.93
R = 0.82, R^2 = 0.68
Name
A.
B.
C.
D.
E.
Expected time for activity C= 12
Variance for activity C= 1.78
Critical path= A-C-F-H-J-K
Estimated time of the critical path= 40.17 weeks
Activity variance along the critical path= 10.
Utilization = 72.5%
Efficiency = 96.7%
A. Station C @20 minutes
B. Work Capacity: 3
The company should not buy the new equipment because it will result in a loss of profit
Names: Print & Sign on the b
C.9: Borders should select Seattle because it costs $36125 which is cheaper than Philadelphias
$43000
1 Find Optimal Solution:
C.15: Initial cost using the northwest-corner method: $116160
Optimal cos
Review Test: Exam 1 Close
Scum'lot'fpts 4 non" El MW8532965320HOD|3B
@ Problem 4.1 a
323$; 33.
October5 3?1
a) The forecasted demand for the week of October 12 using a 3-week moving average = 3?5.00 p
lIIl
8) Problem 1.11 i 1:
Lake Charles Seafood make: 450 wooden packing boxes for fresh seafood per day. working in two 10hour Shiite Due to increased demand, plant managers have
decided to operate th
" eview Test: Exam 1
Score: 3 of B pts 4 1 of 14 1 El
cfw_1) Problem A]
The following payoff table provides prots based on various possible decision alternatives and various levels of demand
la
Demend
Exam 1
9) Problem 1.10 l Ill
Munson Performance Auto, Inc., modies 1W5 autos per year. The manager, Adam Munson, is interested in obtaining a measure ofoverall performance. He has asked
you to provi
Review Test: Exam 1 Close
Sm'fof'r'pls cfw_ Iof14v El MMES.92%,85.92M100|3I3
9) Problem A.8 :1
Leah JohnsonI director of Urgent Care of Brookline, wants to increase capacity to a
provide lowcost
Review Test: Exam 1 use
Suom70f?pls cfw_ 1Uof14v El MM85.92%.85.920f100pt
@ Problem 4.53 (additional/static) :1
Given the following data, use least squares regresmon to develop a relation between the
I_II
Problem 4.3l
Daily high temperatures in St. Louis for the last week were as follows: 92. 91, Q4. Q4. 95, 33, 9-5 cfw_yesterday.
a The high temperature for today using a 3-day moving average = 92
Problem 3114 4:!
Klessen Toy Company, |no., assembles two parts (parts 1 and 2]: Perl: 1 is rst processed at workstation A for 10 minutes per unit and then processed at workstation B
for 20 minutes p
iii
nn
@ Problem 3117
Markland Manufaduring intends to increase capacity by overcoming a botlleneck operaon by adding new equipment Two vendors have presented proposals. The
xed costs are $55,000 fo
Review Test: Exam 1
Scumnof'fpts cfw_ sof14v El mmasszmas.
Instructor-created question
Captain Borders Corp. manufacturers shing equipment. Currently. the company has a plant in Los Angeles and a p
Ex
@ Problem snl It!
Southeastern Oklahoma State Universitys business program has the facilities and faculty to handle an enrollment of 2,200 new students per semester. However, in an
elfcrt to limi
Forecasting
Exponential smoothing
Enter
Enter alpha
alpha (between
(between 00 and
and 1),
1), enter
enter the
the past
past demands
demands in
in the
the shaded
shaded column
column then
then enter
e
p9 set
Transportation
Enter
Enter the
the values
values in
in the
the shaded
shaded area
area then
then use
use the
the Solver
Solver button.
button. IfIf you
you want
want to
to view
view or
or modif
Description
Design Capacity
Actual Output
Utilization
Units
10,000
6,300
Percent
63.00%
Description
Effective Capacity
Actual Output
Efficiency
Units
6,000
4,200
Percent
70.00%
Description
Effective C
Project Management Precedences; 1 time estimate
Enter
Enter the
the times
times in
in the
the appropriate
appropriate column(s).
column(s). Enter
Enter the
the precedences,
precedences, one
one per
pe
Decision Tables
Enter
Enter the
the profits
profits in
in the
the main
main body
body of
of the
the data
data table.
table. Enter
Enter probabilities
probabilities in
in the
the first
first row
row if
Productivity
Data
Enter
Enter the
the outputs
outputs for
for each
each period
period and
and enter
enter the
the amounts
amounts for
for each
each of
of the
the inputs
inputs for
for each
each period