Exponential Smoothing
With the following information, identify which alpha value would you use to forecast july-dic using exponential smoothing and why? Choose between 0.1, 0.5 or 0.8
|
Month June |
Actual 16 |
|
July |
12 |
|
August |
16 |
|
Sept. |
15 |
|
Oct. |
11 |
|
Nov. |
19 |
|
Dec. |
21 |
In: Operations Management
In: Operations Management
Differentiate between the “discipline without punishment” approach and other alternatives to progressive discipline.
In: Operations Management
Currently a company that designs Web sites has five customers in its backlog. The time since the order arrived, processing time, and promised due dates are given in the following table. The customers are ready to be scheduled today, which is the start of day
190.
|
Customer |
Time Since Order Arrived (days ago) |
Processing Time (days) |
Due Date (days from now) |
|
Upper AA |
88 |
12 |
50 |
|
Upper BB |
66 |
10 |
66 |
|
Upper CC |
33 |
24 |
58 |
|
Upper DD |
22 |
32 |
100 |
|
Upper EE |
10 |
20 |
26 |
a. Develop separate schedules by using the FCFS and EDD rules. Compare the schedules on the basis of average flow time and average days past due.
Using the FCFS (first come, first served) decision rule for sequencing the customers, the order is:
|
Sequence |
1 |
2 |
3 |
4 |
5 |
|
Customer |
E |
A |
B |
C |
D |
Using the EDD (earliest due date) decision rule for sequencing the customers, the order is (to resolve a tie, use the order in which the jobs were received):
|
Sequence |
1 |
2 |
3 |
4 |
5 |
|
Customer |
E |
A |
C |
B |
D |
The average flow time and average days past due for each option are: (Enter your responses rounded to one decimal place.)
|
Rule |
Average Flow Time |
Average Days Past Due |
|
EDD |
||
|
FCFS |
In: Operations Management
Compare the weaknesses and strengths of healthcare in the U.S. to the systems of other countries’ and suggest new avenues for reform.
In: Operations Management
Communicate effectively on the topic of healthcare in America.
In: Operations Management
all the following factors contributed to the target's failure in Canada?
with ERP the entire organization is considered?
In: Operations Management
Describe the organization of health care in the U.S., including its historical context.
In: Operations Management
Justine owes Smithers a debt and wants to pay Smithers with a negotiable instrument. Should Smithers accept a negotiable or nonnegotiable instrument, and why?
What are the advantages of a sole proprietorship, a partnership and a corporation?
In: Operations Management
Answer the following questions in full and complete detail.
In: Operations Management
what is the difference between organizing function and organizational structure and are they related?
In: Operations Management
Give and explain 3 general ideas to increase accountability of a manager for results. Give and explain 3 general ideas to increase accountability of an employee for results. Give and explain 3 general ideas to increase accountability of a team for results. No wrong answers! Give me your opinions!.
In: Operations Management
FULLY DISCUSS THE ISSUES IN THE FOLLOWING FACT SITUATIONS:
1. John Jones and his life long friend, Billy Bolling, decide to open a business to grow, refine and market medical grade marijuana. They ask your advice as to the type of business organization they should form. Give your advice as to the best type organization for their endeavor and the advantages and disadvantages of your selection.
In: Operations Management
Marty suffers from dementia. He has not been formally declared incompetent by the court, but he goes in and out of lucid moments where he understands what is going on around him. During a non-lucid moment, Marty agrees to buy 20 magazine subscriptions from a telemarketer. The contract between Marty and the magazine subscription company is
a. valid
b. void
c. voidable
d. illegal
David contracts with Sam for Sam to kill David’s wife for the price of $50,000.00. Sam kills David’s wife and makes it look like an accident. David refuses to pay Sam. The contract between David and Sam is
a. valid
b. voidable
c. void
d. executed
A clause in a contract that states that all disputes between the parties will be adjudicated in the courts of Baltimore County, Maryland is known as a
a. forum selection clause
b. personal jurisdiction clause
c. venue selection clause
d. choice of law clause
In: Operations Management
What do you think is the most important practice for performance evaluation systems? Why? Have you ever been at an organization that implemented any of these practices? If so, how did they assist you in meeting performance goals. If not, how would this practice have increased your engagement with your job and the organization?
In: Operations Management