Question: 1. How do capacity decisions influence productivity? What is the difference between Efficiency and Utilization? What is the break-even point? What parameters are necessary to

1. How do capacity decisions influence productivity? What is the difference between Efficiency and Utilization? What is the break-even point? What parameters are necessary to find it? (10 marks)

2. What is the basic difference between a weighted moving average and exponential smoothing? Describe the steps to develop a forecasting system? (10 marks)

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