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
A local hardware store has experienced the following demand for flathead screwdrivers over the past periods.
Period Demand Period Demand Period Demand Period Demand
Note: use EXCEL to complete all parts of problem
a Plot the above sales data. What type of pattern eg 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 and Use a smoothing parameter of alpha
c Forecast the size of the next nonzero demand.
d Forecast the number of periods between consecutive nonzero demands.
e Calculate the BIAS, MAD, and MSE for the part a forecasting model.
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 ie repetition number and the assembly time in minutes
Repetition Assembly Time in minutes
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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