For the data in exercise 14.2, update the fast- food restaurant forecast if a trend value of 1.4 was calculated for the previous week. Use a b of 0.3 to update the trend for this week, and determine the forecast for next Wednesday using expo-nential smoothing with trend adjustment.
Answer to relevant QuestionsThe demand for a certain drug in a hospital has been increasing. For the past six months, the following demand has been observed: Month Demand, Units January....... 15 February....... 18 March....... 22 April....... ...Prepare a spreadsheet model for the ferry passenger data in Table 14.5 , and recal-culate the forecasts using an a of 0.3 and a g of 0.2. Has this change in the smooth-ing constants improved the MAD? How valid are the assumptions for the simple EOQ model? Suppose the XYZ Company, which has an annual demand of 12,000 units per year, order cost of $ 25, and annual holding cost per unit of $ 0.50, decides to oper-ate with a planned shortage inventory policy with the backorder ...The local distributor for Macho Heavy Beer is reconsidering its inventory policy now that only kegs will be sold. The sales forecast for next year (200 days) is 600 kegs. The cost to store a keg of Macho in a refrigerated ...
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