Questions and Answers of Introduction Operations Supply

Prepare forecasts for February 2018 through 2020 for Cooper Toys, using an adjusted exponential smoothing model with a = 0.25 and b = 0.4. Assume that the initial unadjusted forecast (F1) for January
After developing her 2020 forecast (Example 9.8), Jamie Favre gets a visit from Cheeznax’s production manager, Mark Mobley. Mark says, “I think the forecast is fine, but I really need estimates
Using regression analysis, develop a forecasting model with monthly seasonal indices for Cooper Toys. Forecast demand for each of the months in the six-month period covering January through June
Develop a last period forecast for periods 2 through 11. Calculate the MFE, MAD, and MAPE values for periods 2 through 10. Is this a good model? Why? DEMAND PERIOD 221 2 247 228 4 233 240 152 163 155
Develop an exponential smoothing forecast (a = 0.3) for February 2019 through January 2020. Assume that your forecast for January 2019 was 100. Calculate the MFE, MAD, and MAPE values for February
Develop a two-period weighted moving average forecast for March 2019 through January 2020. Use weights of 0.6 and 0.4, with the most recent observation weighted higher. Calculate the MFE, MAD, and
Develop a three-period moving average forecast for April 2019 through January 2020. Calculate the MFE, MAD, and MAPE values for April through December 2019. MONTH DEMAND January 2019 February 119 72
AnderSet Laboratories produces rough lenses that will ultimately be ground into precision lenses for use in laboratory equipment. The company has developed the following thickness measures, based on
Smarmy Sales, Inc. (SSI) sells herbal remedies through its Web site and through phone reps. Over the past six years, SSI has started to depend more and more on its Web site to generate sales. The
Consider the course registration process at your college. Is this a mass process, mass customization, artistic, or nascent/broken process? Justify your answer.
1. As of 2017, what type of manufacturing process did LWT appear to be using? What level of customization was it offering? Where was the point of customization?2. Using Table 3.2 and Figure 3.12 as
We have talked about how operations and supply chain strategies should be based on the business strategy. But can strategy flow the other way? That is, can operations and supply chain capabilities
1. What were some of the key structural and infrastructural elements that defined Netflix’s supply chain strategy before 2011? Today?2. How have the customers’ order winners for Netflix’s
A Chicago-based manufacturer is looking for someone to handle its shipments to the West Coast. In order to evaluate potential transportation providers, the manufacturer has developed the following
You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don’t