Topic: Operations Management . Kindly, present the results of your calculations on the table above. Thank you tutor!
LOAD-DISTANCE METHOD Trinity Valley Furniture Warehouse has purchased a retail outlet with six departments, as shown below. The anticipated number of customers that move between departments each week is given in the load summary chart. a) Calculate the total customer movement (distance) through the retail outlet on a weekly basis. b) Re-arrange the six departments such that the weekly total customer movement (distance) is minimized. C) Evaluate your proposed layout. . Present Layout Load Summary (Number of Customers) A B C From Dep't To Department D E F A B C. F F 70 50 100 70 80 40 30 60 100 Present Layout Load Proposed Layout From/To Distance, # Customers Distance, feet Load * Distance A- B feet 70 Load * Distance A - F 50 B- E 100 C-B 70 D- C 80 E-A 40 E - F 30 F- B 60 F - E 100 Total
FORECASTING - MAD The following table represents sales data for milk (in hundred liters) sold by a grocery. Do the computations to fill out the table and answer the following questions: 1. Using MAD as the criterion, which of the following models would you use for the given time series data? Why? A. Naive approach; B. 5-month SMA model; C. WMA model with weights 0.1, 0.3, and 0.6; or D. ES model with a = 0.5 and a forecast of 3,500 liters in the first month. NOTE: In answering Item 1, mention the whole description of the model; i.e., not just "SMA model", but "SMA model with n = ..."; not just "WMA model", but "WMA model with weights ..."; not just "ES model", but "ES model with a = ...". 2. Interpret the MAD of the most accurate among the forecasting models above. 3. Based on your decision in Item 1, what should be the forecast for Month 11? Actual 100 liters Demand NA SMA WMA ES Month |100 liters F A -F F A -F F A-F F A - F 39 2 47 39 4 44 49 48 45 56 53 10 61 11 MAD
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