Question: Demand for weeks 1, 2, 3 and 4 is 109, 115, 125 and 150. With weights of 0.6, 0.25 and 0.15, (highest weight to most
Demand for weeks 1, 2, 3 and 4 is 109, 115, 125 and 150. With weights of 0.6, 0.25 and 0.15, (highest weight to most recent week), a weighted 3-week moving average forecast for week 5 is:
a 138.50
b 122.75
c 112.90
d 97.00
e 120.10
Which of the following is not a general approach to decision-making?
a Establishing priorities
b Systems approach
c Trade off analysis
d Subjective approach
e Quantitative approaches
A vending machine has constant service of 20 seconds per product and customers arrive at a mean rate of 2 per minute. What is the average number of customers waiting in line?
a 0.056
b 1.33
c 0.0056
d 0.33
e 0.67
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