Given data: Period HNMIN99 Demand 1 987 1011 3 BOS 4 1022 5 1122 6 870 7 944 B 960 9 1056 10 1111 11 1002 12 BBB 13 987 14 913 15 976 16 1026 17 1067 18 980 19 1054 20 1005 MAD Forecasting Technique Exponential Smoothening with Alpha 0.2 Exponential Smoothening with Alpha=0.4 Exponential Smoothening with Alpha=0.6 Exponential Smoothening with Alpha=0.8 91.68 97.75 102.96 110.48 MAPE 9.50 10.15 10.76 11.65 Task: 1. Using alpha=0.4, starting inventory of 500, show the amounts that you will procure every period to satisfy 84.13% of the demand (1 sigma) P F R Demand Sales SQRT (MSE) Procure Starting inventory Ending Lost Inventory sales 11 500 12 13 14 15 16 17 18 19 20 Using a holding cost of 51/item/period and lost sales cost of $5/item, what is the cost of this customer satisfaction policy Given data: Period HNMIN99 Demand 1 987 1011 3 BOS 4 1022 5 1122 6 870 7 944 B 960 9 1056 10 1111 11 1002 12 BBB 13 987 14 913 15 976 16 1026 17 1067 18 980 19 1054 20 1005 MAD Forecasting Technique Exponential Smoothening with Alpha 0.2 Exponential Smoothening with Alpha=0.4 Exponential Smoothening with Alpha=0.6 Exponential Smoothening with Alpha=0.8 91.68 97.75 102.96 110.48 MAPE 9.50 10.15 10.76 11.65 Task: 1. Using alpha=0.4, starting inventory of 500, show the amounts that you will procure every period to satisfy 84.13% of the demand (1 sigma) P F R Demand Sales SQRT (MSE) Procure Starting inventory Ending Lost Inventory sales 11 500 12 13 14 15 16 17 18 19 20 Using a holding cost of 51/item/period and lost sales cost of $5/item, what is the cost of this customer satisfaction policy