Question: 7 . A local hardware store has experienced the following demand for flathead screwdrivers over the past 4 0 periods. Period Demand Period Demand Period

7. A local hardware store has experienced the following demand for flathead screwdrivers over the past 40 periods.
Period Demand Period Demand Period Demand Period Demand
1011021963197
20120220320
301337230330
475140247234114
5015025833597
60160260360
7621767270370
80180280380
9019029039124
1054200300400
Note: use EXCEL to complete all parts of problem 3.
a. Plot the above sales data. What type of pattern (e.g. level, linear trend, nonlinear trend, seasonal, intermittent) does this data exhibit?
b. Use modified Crostons method for intermittent demand to forecast the average demand in periods 41 and 45. Use a smoothing parameter of \alpha =0.15.
c. Forecast the size of the next non-zero demand.
d. Forecast the number of periods between consecutive non-zero demands.
e. Calculate the BIAS, MAD, and MSE for the part a forecasting model.
8. You have been asked to determine the learning curve percentage for a particular assembly task. You perform a random sampling of a worker performing this assembly task and record the number of assemblies performed by this worker (i.e. repetition number) and the assembly time (in minutes).
Repetition Assembly Time (in minutes)
142.04
831.40
2428.05
4025.79
9222.87
14719.55
21317.44
33317.09
40816.15
75914.72
a. Plot the above assembly time data (you may use either Excel or Minitab). Does the assembly time appear to be decreasing exponentially as the repetitions increase?
b. Using the above data, find the learning curve percentage for this assembly task.

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