Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

T Suppose a close friend has decided to open up a food truck to serve lunch in downtown Detroit. She has hired a consultant to

image text in transcribed
T Suppose a close friend has decided to open up a food truck to serve lunch in downtown Detroit. She has hired a consultant to estimate the lunchtime (11:00-2:00) demand for the truck and they have given her the following forecast: M-F, 250 customers over the three hour block; and Saturday and Sunday, 150 customers over the three hour lunch block. The truck has now been open for two weeks with lots of advertising, deals, and extra staff and the following customer counts have been observed over the three hours each day. M w Th F Sa Su 234 273 224 301 265 155 99 260 246 275 271 244 170 123 She estimates that each staff member gives a capacity of about 30 customers per hour at the truck. A) Prepare a forecast based on the actual data, be clear how you developed it and show the MAD and CFE for your forecast. B) Recommend a staffing level for M-F and Sa-Su. C) What is the capacity cushion that you recommended? D) Justify why you pick this staffing level and capacity cushion? (20 pts) I T Suppose a close friend has decided to open up a food truck to serve lunch in downtown Detroit. She has hired a consultant to estimate the lunchtime (11:00-2:00) demand for the truck and they have given her the following forecast: M-F, 250 customers over the three hour block; and Saturday and Sunday, 150 customers over the three hour lunch block. The truck has now been open for two weeks with lots of advertising, deals, and extra staff and the following customer counts have been observed over the three hours each day. M w Th F Sa Su 234 273 224 301 265 155 99 260 246 275 271 244 170 123 She estimates that each staff member gives a capacity of about 30 customers per hour at the truck. A) Prepare a forecast based on the actual data, be clear how you developed it and show the MAD and CFE for your forecast. B) Recommend a staffing level for M-F and Sa-Su. C) What is the capacity cushion that you recommended? D) Justify why you pick this staffing level and capacity cushion? (20 pts)

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_2

Step: 3

blur-text-image_3

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

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Authors: Mónica Ramírez Chimal

1st Edition

6202304456, 978-6202304450

More Books

Students also viewed these Accounting questions