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Develop a forecast of enrollment next semester using exponential smoothing with an alpha = 0.6 and use the naive method to start the exponential smoothing process.
You've just been made a manager in Sweden, known for its institutional collectivism. What incentives and reward structures would you use to motivate your employees?
Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? Why or why not?
Obviously, our objective function is to minimize the transportation cost. Transportation cost of sending one unit of t-shirt from factory to all outlets is given in the shipping cost matrix below.
Determine the number of each type of flashlight Right-lite should manufacture to maximize profits based on current constraints. Provide suggestions on how to further increase profits.
The total annual labor costs allocated to the assembly and shipment of entry-level cameras and the labor costs per entry-level camera assembled and shipped, respectively, will be?
Construct the table of conditional profits. How many copies should the bookstore stock to achieve highest expected value?
You are working on a calendar year basis and give all raises on january 1. your market position at the beginning of the new plan year is 4.0% below the market.
List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning?
Alan Bissell, a market analyst for City Sound Mart, is analyzing sales of heavy metal CD's. For two sales districts with the same number of teenagers one urban and one rural, Alan's model predicts.
Is it worth reallocating resources so that large orders wait an average of 0.3 weeks while small orders wait an average of 0.7 weeks before being processed?
It has been observed by psychologists that women are more likely to ask, "Could you close the door?",while men are more likely to ask, "Would you close the door?"
We have a production-order-quantity inventory system with a production rate of 400 units per day, a daily demand of 100 units per day, a production quanitty of 2400 units, and 300 days a year.
A manager must make a decision on shipping. The shipper the manager's company is contracted to use offers 2 day and 7 day delivery.
What is different about this assembly plant compared to more typical auto assembly plants? Why do you suppose there are no robots or other automation?
If the expected demand for the new miracle cleaner is 300,000 units, what would you recommend that Henri Manufacturing do?
Write down another constraint that guarantees for every barrel of jet fuel, at most three barrels of gasoline are produced.
After installing a new process, the defect rate has been reduced to 5%, while output has remained the same. What is the percent increase in productivity due to installing the new process?
So far, David's workload has varied from 50 to 200 shirts a day. How long would it take to break even on the new press at the low-demand estimate? At the high-demand estimate?
Discuss some of the key aspects to developing successful process and systems development projects. Your response should be at least 200 words in length.
What advantages does a manager offer when leading, if he or she understands the research linked to country cultural typologies or categories?
Construct cash flow diagrams for each business. Use the analysis techniques to compare the business and provide Jack with some useful feedback.
Assuming that each time demand is not immediately satisfied the company incurs a goodwill-loss-cost of $2 per unit demanded and not supplied, calculate the total penalty cost if excess demands are l
If I-mart desires a cycle service level (frequency of no stock-out) of 95%, how much safety stock should the Chicago DC carry?