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ABC Company manufactures widgets. The forecasted demand for the last 15 periods is shown along with the actual demand. Period Forecast Actual 1 44 52
- ABC Company manufactures widgets. The forecasted demand for the last 15 periods is shown along with the actual demand.
Period | Forecast | Actual |
1 | 44 | 52 |
2 | 48 | 47 |
3 | 53 | 54 |
4 | 55 | 52 |
5 | 56 | 59 |
6 | 57 | 59 |
7 | 58 | 56 |
8 | 58 | 58 |
9 | 56 | 55 |
10 | 55 | 58 |
11 | 52 | 50 |
12 | 48 | 48 |
13 | 44 | 46 |
14 | 49 | 47 |
15 | 54 | 55 |
- How many widgets in excess of the forecast demand should the company have to be at 98% service level?
- How many widgets in excess of the forecast demand should the company have to have one stockout every 500 periods?
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