Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer ASAP Part A) Multiple Choice Questions Choose the one alternative that best completes the statement or answers the question. [-3) Alter tallying the

please answer ASAP

image text in transcribed
Part A) Multiple Choice Questions Choose the one alternative that best completes the statement or answers the question. [-3) Alter tallying the receipts for their first year of operation, the owners of the Taco Barn are encouraged. Sales of their artisansl tacos, made from Such exotic ingredients as ground beef, cheese, and beans, have been strong and seem to give hope to the coming year. Taco sales by month are shown in the table. Milt-IE- I ovembet 1) Armed only with his ngers, the owner decides that the safest forecasting approach is a weighted moving average using 0.6, 0.3, and 0.1 for the most recent three. Generate a forecast for the year using this technique and then calculate forecast errors using MSE. What is the mean squared error for this forecasting approach? A) 5033 B) 3960 C) 4076 D) 3466 2) Armed only with his ngers, the owner decides that the safest forecasting approach is exponential smoothing with an alpha of 0.8. He uses the January demand and the January forecast just to get the ball rolling. Generate a forecast for the year using this technique and then calculate forecast errors using MAPD. What is the mean absolute deviation for this forecasting approach? A) 4.13% B) 6.98% C) 7.85% D) 5.88% 3) Armed only with his fingers, the owner decides that the safest forecasting approach is a linear trend line. Generate a forecast for the year using this technique and then calculate forecast errors using MAD. What is the mean absolute deviation for this forecasting approach? A) 33.3 B) 21.7 C) 28.2 D) 25.9 4) In exponential smoothing, the closer alpha is to A) -1 B) O C) l D) -1 or I the greater the reaction to the most recent demand. 5) In adjusted exponential smoothing, the closer beta is to , the stronger a trend is reected. A) -1 or] B)-l C)0 D)1 6) In the basic EOQ model, if annual demand is 250, carrying cost is $4 per unit per year, and ordering cost is $25, what is the EOQ? A) 59.9 B) 57.9 C) 53.9 D) 55.9 7) Given an EOQ model with shortages in which annual demand is 5000 units, Co = $120, Cc = $15 per unit per year, and Cs = $40, what is the animal carrying cost? A)$l315 B)$IOS9 C)$1296 D) $1495 8) The is the probability that the inventory available during lead time will meet demand. A) inventory level B) service level C) reorder point D) maximum inventory level 9) As service level increases, expected number of stockouts and safety stock . A) decrease, decreases B) decrease, increases C) increase, decreases D) increase, increases

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

12th Edition

840062338, 840062346, 9780840062338, 978-0840062345

More Books

Students also viewed these General Management questions

Question

Understand the transition from analysis to design.

Answered: 1 week ago