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In: Operations Management

True/False ___ In the MTS environment the inventory that defines the customer service is the inventory...

True/False

  1. ___ In the MTS environment the inventory that defines the customer service is the inventory of components.
  2. ____ The objective of moving-average is to smooth out the random fluctuations while being sensitive to any possible changes that may be taking place with the underlying average.
  3. ____ Often the most recent history is the most relevant in forecasting short-term demand.
  4. ____ The mean error (ME) is concerned with the error magnitude.
  5. ____ The mean absolute deviation (MAD) is used to measure bias.

Solutions

Expert Solution

Question 1:

True

As described by Thomas E. Vollmann, William Lee Berry, David Clay Whybark, F. Robert Jacobs in one amongst their books, customer service depends on inventory of components

Question 2:

True

As described by Thomas E. Vollmann, William Lee Berry, David Clay Whybark, F. Robert Jacobs in one amongst their books, random variances are smoothed out in moving average considering changes in averages

Question 3:

True

As described by Thomas E. Vollmann, William Lee Berry, David Clay Whybark, F. Robert Jacobs in one amongst their books, recent performances is basis for short term forecasting

Question 4

False

As described by Thomas E. Vollmann, William Lee Berry, David Clay Whybark, F. Robert Jacobs in one amongst their books, mean error is concerned with bias. However, Mean Absolute Deviation is concerned with magnitude of error.

Question 5

False

As described by Thomas E. Vollmann, William Lee Berry, David Clay Whybark, F. Robert Jacobs in one amongst their books, mean error ia used to measure bias

keosha answered 4 months ago
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