Question: Instructions Solve the following problems from your text in an MS Word document with questions using APA style. Your answers should provide thoughtful, supporting details,
Instructions
Solve the following problems from your text in an MS Word document with questions using APA style. Your answers should provide thoughtful, supporting details, and examples and graphics as necessary.
Chapter
Bill Vincent works for a producer of hammers that come in packages of each. His job is to fill the packages with hammers, and he is expected to process packages an hour. The facility where Bill works uses a kanban production system in which each container holds packages of hammers. It takes minutes to receive the packages he needs from the previous workstation. How many kanbans are needed for the filling process?
A production cell at TickTock Watch factory operates hours per day and uses a pull method to supply bands to the assembly line. The bands are used at a rate of per day. Each container holds bands and usually waits minutes in the production cell. Management wants a safety stock of percent. How many containers should be used at the TickTock Watch factory for purposes of pull production?
Jory produces units of a tires per hour and units are needed to fill a container. It takes minutes to receive the materials needed from the previous workstation. The company currently uses a safety stock of percent. Determine the number of kanbans needed between Jory's station and the previous process.
Consider the information from the above Problem. Determine how the number of kanbans and the inventory level will be affected if the time required for Jory to receive the material decreases to minutes.
Chapter
Sales for a product for the past three months have been and Use a threemonth moving average to calculate a forecast for the fourth month. If the actual demand for month turns out to be calculate the forecast for month
Shady Oaks Retirement home forecasts monthly labor needs. Chapter
Sales for a product for the past three months have been and Use a threemonth moving average to calculate a forecast for the fourth month. If the actual demand for month turns out to be calculate the forecast for month
Shady Oaks Retirement home forecasts monthly labor needs.
a Given the following monthly labor figures, make a forecast for October using a twoperiod moving average and a fourperiod moving average.
b What would be the forecast for October using the nave method?
c If the actual labor figure for October turns out to be what would be the forecast for November using each of these models?
d Compare the accuracy of these models using the mean absolute deviation MAD
e Compare the accuracy of these models using the mean squared error MSE
Two different forecasting models were used to forecast sales of a popular drink on a college campus. Actual demand and the two sets of forecasts are shown. Use MAD to explain which method provided a better forecast.
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