Question: Multiple choice / Short answer ( show your answer clearly ) : For the first 3 questions, consider the forecast and actual demand shown below
Multiple choiceShort answer show your answer clearly:
For the first questions, consider the forecast and actual demand shown below for the past weeks.
Week Demand Forecast
pts What is the MAD for the forecast?
a
b
c
d
e none of the above.
pts What is the mean squared error MSE for the forecast?
a
b
c
d
e none of the above.
pts In which range is the MAPE for the forecast?
a
b
c
d
e
pts If you use a moving average forecast to forecast data with an upward trend, then the forecast will generally be
a too high
b too low
pts Qualitative forecasting approaches are best used
a when there is a large amount of data and time available to make the forecast.
b when there is little data or time available to make the forecast.
pts At a walkin medical clinic, the time between customer arrivals averages seconds. On average, a customer spends minutes at the center. What is the average arrival rate per hour?
a per hour.
b per hour.
c per hour.
d per hour.
e none of the above.
pts Suppose that in a waiting line problem, the average time between customer arrivals increases. Then, the arrival rate would be expected to
a increase.
b decrease.
c stay the same.
pts At a busy coffee shop, the time between customer arrivals averages minute. On average, a customer spends minutes in service receiving their coffee order. What is the average service rate per hour?
a per hour.
b per hour.
c per hour.
d per hour
e none of the above.
pts Consider Sales & Operations planning. If the inventory holding cost per unit is very large relative to the costs for hiring and firing employees, then which Sales & Operations plan is likely to have the lower total cost?
a Chase plan.
b Level plan.
For the next questions, consider a fourmonth sales and operations planning problem with the monthly demand data shown in the table below. Every plan should start and end with employees and should start at the beginning of June and end at the end of September with units of inventory. Each employee makes units per month and each hire costs $ and each layoff firing costs $
Month Demand units
June
July
August
September
pts How many employees would there be in July for Level plan?
a
b
c
d
e none of the above
pts What would be the total inventory summed over the months for a Level plan?
a
b
c
d
e none of the above
pts How many employees would there be in August for Chase plan?
a
b
c
d
e none of the above
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