The Carbondale Hospital is considering the purchase of ambulance. The TheXarbondale Hospital is considering the purchase of ambulance. The decision will rest partly on the anticipated mileage" be driven next year. The miles driven during the past 5
years are as follows:
Year |
Mileage |
1 |
3000 |
2 |
4000 |
3 |
3400 |
4 |
3800 |
5 |
3700 |
a) Forecast the mileage for next year using a 2-year moving average.
b) Find the MAD based on the 2-year moving average forecast in part (a), (Hint: You will have only 3 years of matched data.)
c) Use a weighted 2-year moving average with weights of .4 and .6 to forecast next year's mileage. (The weight of .6 is for the most recent year.) What MAD results from using this approach to forecasting? (Hint: You will have only 3 years of matched data.)
d) Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and a = .5.
*****PLEASE SHOW WORK
In: Other
Instructions
You will be given a grocery list, filed by a sequence of items that have already been purchased. You are going to determine which items remain on the the list and output them so that you know what to buy.
You will be give an integer n that describes how many items are on the original grocery list. Following that, you will be given an array of n grocery list items (strings) that you need to buy. After your grocery list is complete, you will receive a list of items that had already been purchased. For each of these items, if it matches any item on your grocery list, you can mark that item as purchased. You will know that you are at the end of the list of items already purchased when you receive the string "DONE".
At that point, you will output a list of items left to buy (each item on its own line).
Write the body of the program called PoD. java to the left.
Input
The program reads in the following:
an integer (n) defining the length of the original grocery list
in strings that make up the grocery list a list of items that had already been purchased (strings)
in strings that make up the grocery list a list of items that had already been purchased (strings)
the string "DONE", marking the end of all required input
Processing
Determine which items on the grocery list have already been purchased.
Output
Output the items from the grocery list that remain to be purchased (i.e. all items from the original n grocery items that were not
included in the list of items already purchased). Each grocery item must be printed on its own line. The text must be
purchased). Each grocery item must be printed on its own line. The text must be terminated by a new-line character.
In: Other
Which of the following statements about takt time and cycle time is true?
A. Takt time only depends on demand, not capacity. Cycle time does depend on capacity.
B. Takt time only depends on capacity, not demand. Cycle time does depend on demand.
C. Takt time and cycle time only depend on capacity.
D. Takt time and cycle time only depend on demand.
In: Other
Andrew Thomas, a sandwich vendor at Hard Rock Cafe's annual Rockfest created a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd):
Alternatives | States of Nature Big Average Small | ||
Large Stock | $22,000 | $12,000 | -$2,000 |
Average Stock | $14,000 | $10,000 | $6,000 |
Small Stock | $9,000 | $8,000 | $4,000 |
The probabilities associated with the states of nature are 0.3 for a big demand, 0.5 for an average demand, and 0.2 for a small demand.
1. Determine the alternative that provides Andrew the greatest Expected Monetary Value. What is this EMV?
2. What is the expected value under certainty?
3. Compute the expected value of perfect information, (EVPI)
4. Determine the appropriate alternative under uncertainty using Maximin. Provide support for your answer.
In: Other
The demand for subassembly S is 100 units in week 7. Each unit of S requires 1 unit of T and 2 units of U. Each unit of T requires 1 unit of V, 2 units of W, and 1 unit of X. Finally, each unit of U requires 2 units of Y and 3 units of Z. One firm manufactures all items. It takes 2 weeks to make S, 1 week to make T, 2 weeks to make U, 2 weeks to make V, 3 weeks to make W, 1 week to make X, 2 weeks to make Y, and 1 week to make Z.
On-hand inventory information is given as below:
ITEM |
ON-HAND INVENTORY |
ITEM |
ON-HAND INVENTORY |
S |
20 |
W |
30 |
T |
20 |
X |
25 |
U |
40 |
Y |
240 |
V |
30 |
Z |
40 |
In: Other
Consider the baggage check-in of a small airline. Check-in data indicate that from 9 a.m. to 10 a.m., 255 passengers checked in. Moreover, based on counting the number of passengers waiting in line, airport management found that the average number of passengers waiting for check-in was 35. How long did the average passenger have to wait in line?
In: Other
C & A Furniture uses a four-step process to make its famous wood table:
Process - Processing Time (minutes)
Milling-table top-10 minutes
Milling-table stand - 5 minutes
Assembly - 15 minutes
Finishing - 20 minutes
The milling machine requires a setup time of 30 minutes to make table tops and a changeover time of 30 minutes to make table stands.C\&A works an 8 -hour day: What is the capacity of the milling machine (in tables per day) if the batch size is 10?
In: Other
The Arsenal of Trade Weaponry
Trade policy instruments are designed with one thing in mind: protectionism. Most are unambiguously pro-domestic producer and anti-consumer. Domestic producers mainly gain due to greater protection from foreign competition, whereas consumers lose by facing higher prices and lower product variety.
Governments intervene in international trade for political and economic reasons. Choices are abundant when selecting from the "arsenal" of trade weapons, including tariffs, subsidies, import quotas, voluntary export restraints (VERs), local content requirements (LCRs), administrative policies, and antidumping duties. Nations usually adopt trade regulations to achieve stated national objectives, but these regulations may have undesirable effects on many sectors of the economy, including higher prices for consumers, overproduction of agricultural products, and the insulation of nonefficient producers.
In: Other
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data:
Year | Demand |
---|---|
5 years ago | 900 |
4 years ago | 700 |
3 years ago | 600 |
2 years ago | 500 |
Last year | 300 |
What is the forecast for this year using the naive approach?
What is the forecast for this year using a three-year weighted moving average with weights of .5, .3, and .2?
What is the forecast for this year using exponential smoothing with alpha = .4, if the forecast for two years ago was 750?
What is the forecast for this year using the least squares trend line for these data?
What is the forecast for this year using trend-adjusted (double) smoothing with alpha = .3 and beta = .2, if the forecast for last year was 310, the forecast for two years ago was 430, and the trend estimate for last year's forecast was -150?
The chair of the operations management department at Quality University wants to construct a p-chart for determining whether the four faculty teaching the basic POM course are under control with regard to the number of students who fail the course. Accordingly, he sampled 100 final grades from last year for each instructor, with the following results:
Instructor | Number of Failures |
---|---|
Prof. A | 13 |
Prof. B | 0 |
Prof. C | 11 |
Prof. D | 16 |
What is the sample proportion of failures (p) for Prof. D? What is the estimate of the mean proportion of failures for these instructors?
What is the estimate of the standard deviation of the sampling distribution for an instructor's sample proportion of failures?
What are the .95 (5 percent risk of Type I error) upper and lower control limits for the p-chart?
Using .95 control limits (5 percent risk of Type I error), which instructor(s), if any, should he conclude is (are) out of control?
In: Other
Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be related to the number of television appearances by the popular group Maroon 5 during the previous month. Gershon has collected the data shown in the following table:
Maroon 5 TV Appearances 4 5 7 7 8 5
Demand for Guitars 4 5 6 6 10 7
a.) Using the least-squares regression method, the equation for forecasting is (round your responses to four decimal places) Y= _ + _x
b.) The correlation coefficient (r) for this model = __ (round your response to four decimal places).
The coefficient of determination (r squared) for this model is __ (round your response to four decimal places)
The percentage of variation in sales that can be explained by TV appearances = __% round your response to two decimal places)
In: Other
Draw six Gantt charts that illustrate the execution of these processes using the following scheduling algorithms:
In: Other
Two loads connected in parallel draw a total of 4 kW at 0.68pf lagging from a 120-v ms, 60-Hz line. One load absorbs 3.3 kVAR at a 0.6 pf lagging. Determine:
a) The pf of the second load
b) The capacitor value in Farads required to correct the overall pf from 0.68 to 0.9 lagging for combine loads.
c) The current drawn from the supply under the new power factor of 09.
In: Other
Read the case study and answer the following questions
1. Describe Amy's entrepreneurial style. What are the strengths and weaknesses of Amy's style? How does her style impact an expansion decision?
2. Identify Amy's mission and key goals and objectives for the company
3. What internal strengths and weaknesses exist? What are the external opportunities and threats facing Amy's Bread?
4. Who are Amy's customers? Should Amy concentrate on just retail or wholesale business?
5. What would you do if you were Amy? Some options include:
expand,
stay put,
expand with wholesale only,
expand with retail only,
expand with wholesale and retail,
two locations or one.
In: Other
The president of State University wants to forecast student enrollment for this academic year based on the following historical data:
Year |
Enrollments |
5 years ago |
15,000 |
4 years ago |
16,000 |
3 years ago |
18,000 |
2 years ago |
20,000 |
Last year |
21,000 |
What is the forecast for this year using exponential smoothing with alpha = 0.5, if the forecast for two years ago was 16,000?
In: Other
The production function for an entire economy is typically viewed as an aggregate of all the microeconomic firm-level production functions. The figure below depicts such an aggregate production function for an economy. The economy is currently at point A in the figure below.
In 2011, a major earthquake and tsunami in Japan destroyed significant physical capital, including roads, homes, factories, and bridges. Using your knowledge of the Solow model of economic growth, what would be the effect on the aggregate production function of such a destruction of physical capital in Japan? Shift the curve, or shift the point on the production function, to depict the impact of the destruction of physical capital.
In: Other