The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50.09, holding cost is $12 per unit per year, and the production rate is 36500 per year. Working day is 300. The production order quantity for this problem is approximately
a. 174
b. 99
c. 184
d. 164
e. 134
Joe, a sales manager at a car dealership, is trying to convince his general manager, Bill, that they have increasing sales. As a proof, he does a forecasting following the Holt's method. What are the smoothing constant Gamma using MSE as the measure?
|
Year
|
Cars
|
|
2000
|
3890
|
|
2001
|
3993
|
|
2002
|
4003
|
|
2003
|
3903
|
|
2004
|
4115
|
|
2005
|
4502
|
|
2006
|
4553
|
|
2007
|
4359
|
|
2008
|
4559
|
|
2009
|
4907
|
Select one:
a. 0.118
b. 0.342
c. 0.887
d. 0
e. 0.453