View the step-by-step solution to:

Question 1 Launch the POM-QM for Windows software and from the main menu select Module and then Forecasting .

HI Akshay, Please help me out with these questions.

Question 1

Launch the POM-QM for Windows software and from the main menu select Module and thenForecasting.

Next, select File, New and Time series analysis.

To answer Question 1:

Use the forecasting module that you opened in the POM-QM for Windows software to solve the Southwestern University case study at the end of Chapter 4 of the Heizer and Render (2014) textbook. For this case study, you are required to build a forecasting model. Assume a trend analysis (regression over time) forecasting model and build a model for each of the five games (five models in total) by using the forecasting module of the POM software. Answer the three Discussion questions given in the case study. Explain your reasoning or show your calculations.

Question 2

Launch the POM-QM for Windows software and from the main menu select Module and then Waiting lines.

Scenario: During registration at a university, an adviser must approve students’ course selections. It takes the adviser an average of 2.8 minutes (exponentially distributed) to approve each schedule, and students arrive at the adviser’s office at the rate of 20 per hour (Poisson distributed).

To answer Question 2:

Address the following using the POM software.

Compute the average time a student spends in the waiting line. Students have complained to the registrar about the length of time they must wait to have their schedules approved. The registrar is considering several ways to reduce the waiting time.

One way to reduce the waiting time is to assign some assistants to the adviser. Each assistant would reduce the average time required to approve a schedule by 0.2 minutes, down to a minimum of 1.0 minute. How many assistants should the registrar assign to the adviser if the registrar feels that a waiting time of ten minutes is not unreasonable?

About one-fifth of the students identify their cases as routine. The advisor can serve these kinds of routine cases in one minute (with negligible variance). Hence, another way the registrar can reduce the waiting time is to provide an assistant to handle routine cases, while the advisor handles the non-routine cases. Do you find this option acceptable?

Yet another way the registrar can reduce the waiting time is to provide additional advisers. Assuming that the average service time for each adviser is the same, how many advisers would the registrar need to hire to bring the waiting time to 10 minutes or less?

Sign up to view the entire interaction

Top Answer

Do rate my solution with 5 stars.... View the full answer

SWU & WL answer Sep 26.docx

1. Forecasting model for each of the 5 games is developed using POM and is attached as an excel. The models are also copied below. We
see that Coeff of determination (r^2) varies between 0.88 to...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online