Production Management (MGT 314): MIDI Question (Answer all & show all the calculation) (60 marks) 1. The demand for Coca Cola at a local store is shown in the table below. Forecast the demand for 2018, using a smoothing constant for the average of 03, and a smoothing constant for the trend of 02. The forecast for 2012 is 200 units and the trend for 2012 is 60 units (10marks) Year Demand 200 2012 2013 300 2014 500 2013 600 2016 800 2017 1000 2. Using the Forecast of Question 1, find the following types of error a. Mean Absolute Deviation (MAD) b. Mean Squared Error (MSE) c. Mean Absolute Percentage Error MAPE) (5x3=15marks) 3. Dhaka Bank employs three loan officers. Each officer processes an average of five loans per day. The bank's payroll cost for the officers is BDT 65,600 per day, and there is a daily overhead expense of BDT 40,000. Compute the multifactor productivity, using loans per dollar cost as the measure. (OSmarks) 4. Gloria Jeans coffee shop wants to buy espresso machines. A local dealer has offered them the following packages The Lite Package: 2 espresso machines for Tk. 80,000. Output range: 0 - 1000 cups The Popular Package: 4 espresso machines for Tk. 140,000. Output range 0 -2000 cups The Master Package: 6 espresso machines for Tk 160,000. Output range 0 -3000 cups. (10marks) The store plans to charge Tk 150 per espresso-based drink. Its cost of making cach drink is Tk. 50 Forecast demand is 1500 cups to 1700 cups. Considering the information, you have, which package do you recommend? Why? (Omarks) 4. Gloria Jeans coffee shop wants to buy espresso machines. A local dealer has offered them the following packages: The Lite Package: 2 espresso machines for Tk. 80,000. Output range: 0) . 1000 cups. The Popular Package: 4 espresso machines for Tk. 140,000. Output range 0 2000 cups. The Master Package: 6 espresso machines for Tk. 160,000. Output range 0 -3000 cups. (10marks) The store plans to charge Tk. 150 per espresso-based drink. Its cost of making each drink is Tk. 50. Forecast demand is 1500 cups to 1700 cups. Considering the information, you have, which have, which package do you recommend? Why? 4. Gloria Jeans coffee shop wants to buy espresso machines. A local dealer has offered them the following packages: The Lite Package: 2 espresso machines for Tk. 80,000. Output range: 0 - 1000 cups. The Popular Package: 4 espresso machines for Tk. 140,000. Output range 0 - 2000 cups. The Master Package: 6 espresso machines for Tk. 160,000. Output range 0 -3000 cups. (10marks)