and the following data, compute exponential smoothing forecasts for periods 2
Determine the forecast, using exponential smoothing ( =0.6), as shown below:
Ft Ft 1 a At 1 Ft 1
Ft-1 = Previous Forecast
You are the company's Supply Chain Manager - solve the
below questions to ensure an optimal ordering policy.
Annual requirements (R) =
Order cost (S) =
Holding rate (k) =
Unit cost (C) =
Flanger is an industrial distributor that source from hundreds of supplier .The two modes of
transportation available for inbound shipping are LTL (less-than-truckload) and TL (truckload).LTL shipping cost $1 per unit, whereas TL shipping cost $
Suppose that you are the manager of QM Manufacturing Company that uses 800 boxes of
specific parts per year. The supplier quotes you a price of S8.50 per box for an order size of 4
boxes or less, a price of $8.00 per box for orders of 500 to 149
A manager must make a decision on shipping. There are two shippers, A and B. Both offer a twoday rate: A for $530 and B for $521. In addition, A offers a three-day rate of $466 and a nine-day
rate of $417, and B offers a four-day rate of $459 an
In the Six Sigma methodology DEFINE stage, list five criteria that characterise a good problem
The following five criteria in the DEFINE stage of six sigma that characterize a good problem
Customer impact: One s
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally
distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for
$10 each unit and sells each for $30. Inventory is sa
Processing mean time (Te) = 2 hr.
Standard deviation (s) = 2 hr.
Job rate (Ra) = 0.4 per hr.
Calculate the utilization of the server (U) = (Ra) x (Te)
Calculate the time spend in the station (CT), using following formula:
C 2 Ce 2 U
One should understand and try to create a balance between the make-to-stock and make-to-order.
Such balance relationship would help the company to avoid over stocking of resources or underproduction of goods.
Make-to-stock could be stated as to make e
Yes, the government has prepared the financial statement in agreement with the (GASB)
Governmental Accounting Standards Board financial reporting model.
Government-wide Financial Statements of net assets values of the firms and its activities
Sunny Park Tailors has been asked to make three different types of wedding suits for separate
customers. Using the FCFS rule for scheduling, the sequence is The table below highlights the
time taken in hours for cutting and sewing (process 1) an
Complete the MRP planning schedules given the BOM and Demand for part A. Note: the
Planned Order Releases of Component A Drop down to Component B (times 2) and Bs orders
drop down to Component C (times 3 A -B(2) - C(3)
Component A Lead Time = 1
A particular machine has a loading time of 150 hours in a particular 7 day period. Changeovers
and set-ups take an average of 15 hours, and breakdown failures average 5 hours every 7 days.
During the time when the machine is running, it averages
Hollywood Pizza wants to install a system to record orders for pizza and chicken wings. When
regular customers call Hollywood Pizza on the phone, they are asked their phone number. When
the number is typed into a computer, the name, address, and
Discuss these statements from your point of view (agree or disagree and why):
"In creating a strategy-supportive reward structure it is important to define jobs and assignments
in terms of the results to be accomplished, not just in terms of the
The more we are "aware," the better we can celebrate diversity! For this assignment, you will
privately think of a diverse group - different from one that you identify with - to expand your
understanding and appreciation. Pick a group you have a
Assess the overall effectiveness of your team. How did the teams dynamics contribute to both
the success and the challenges of creating an implementation plan for your innovation? Assess
the overall effectiveness of the model your team selected
How can circumstances in ones private life outside of work contribute to stress on the job?
The following ways ones personal life contribute stress on the job are:
Stressful Work Tasks: Stress in an individuals private life would have ne
What value chain segments has Kaiser Permanente chosen to enter and perform internally?
The hospital Kaiser Permanente majorly caters approximately 9.5 million members within 38
hospitals, which consist of 48,000 nurses and 17,000 doctor
Develop a Six Sigma-type quality improvement project employing the DMAIC steps for your
own personal health such as losing weight, increasing muscle mass, improving your diet,
One should use Six Sigma DMAIC process for h
Yes, financial literacy play a vital role in retirement planning. Financial literacies such as mutual
fund investment, retirement benefit plan, portfolio management plans, salary investment plan etc.
help individual to achieve future benefits
Alternative Dispute Resolution (ADR) is generally informal, low cost, and easy than a trial. ADR
could provide more opportunity to the managers in order to determine when and how the dispute
would be resolved.
The two types of ADR are as follows:
What is the type of ecological study?
Ecological study can be considered as a study of risk-modifying factors on ones health or other
results based on the population defined either on the basis of geographical or temporal. Riskmodifying
Primarily, the company should consider every. A company should consider many factors while
choosing the suppliers. However, during the early stages, the company should consider the
suppler having a specific deal number. There could be various variables, w
University of Florida football programs are printed 1 week prior to each home game. Attendance
averages 56,000 screaming and loyal Gators fans, of whom two-thirds usually buy the program,
for $5 each. The distribution of attendance is estimated
Calculate the cost of under-estimating, as shown below:
Cu Sale price Cost price
Calculate the cost of over-estimating, as shown below:
Co Cost price Price per fire sale
Calculate service level and corresponding Z value
List and give a brief description of the four main fleet safety program elements.
Know the drivers:
One should identify correctly who is driving the fleet vehicles. Secondly, how the driver make
the use both on and off the clock. One sho
In a process capability study, what important assumption is made about the data? Why is that
Assume that a process and each sample, which are collected are from a normal population having
a mean ( ) and the standard
Information systems plays an important role to convey the right information to the right
individual at the correct time in order to make his/her work easy as well as effective. Moreover,
the informal information systems are the ways thro
Discuss, analyze and compare the three schools of thought regarding how ethical standards are
determined. Please provide real world examples of each theory.
The following 3 Schools of Thought ensures about a commitment to various ethical
A local entertainment section of a newspaper published a story on the towns business district,
accompanied by photos of various businesses in the district. A minister who happened to be
walking on the sidewalk in front of an adult b
What is the difference between Authoritarian leadership, paternalistic leadership, and
The major difference between the Authoritarian, paternalistic, and participative leadership is
shown in the following table.
Consider the production process shown below indicating the various paths that a product can
take on its way to assembly through a plan. The number in each box represents the upper limit on
parts per hour that can be processed at the station
(a) What is th
A soldier has just been discharged. His aunt, who lives on the other side of the country, suggests
that he move to her area. There are plenty of jobs for a dependable young man like you, and you
could stay with me until you get on your feet, she