Question 2 (20 Marks) Weekly sales of copy paper at Cubicle Suppliers are provided in the...

Transcribed Image Text:

Question 2 (20 Marks) Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. Compute the MAD for both forecasting methods. Which model is more accurate? Forecast week 8 with the more accurate method. Week Sales (cases) 1 17 2.1 2.1 2 21 3 27 4 31 5 19 6 17 7 21 21 Compute the Mean Absolute Deviation for both forecasting methods 2.2 Question 2.2 Which model is more accurate? 2.3 Question 2.3 Forecast week 8 using the more accurate method. 2.4 Question 2.4 (10 marks) (2 marks) (2 marks) (6 marks) Use the information in the table below to determine the three-year moving averages for years 4 to 10. Year 1 2 Demand 74 90 90 3 59 + 91 5 140 6 98 7 110 8 123 6 99 Question 3 (20 Marks) Using an appropriate diagram, discuss the integrated nature of the different functional relationships in a manufacturing or service organisation of your choice. Question 4 (20 Marks) Determine from theory the value drivers for an organisation and provide a critical analysis of how these drivers can be applied to an organisation of your choice. Question 2 (20 Marks) Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7. Compute the MAD for both forecasting methods. Which model is more accurate? Forecast week 8 with the more accurate method. Week Sales (cases) 1 17 2.1 2.1 2 21 3 27 4 31 5 19 6 17 7 21 21 Compute the Mean Absolute Deviation for both forecasting methods 2.2 Question 2.2 Which model is more accurate? 2.3 Question 2.3 Forecast week 8 using the more accurate method. 2.4 Question 2.4 (10 marks) (2 marks) (2 marks) (6 marks) Use the information in the table below to determine the three-year moving averages for years 4 to 10. Year 1 2 Demand 74 90 90 3 59 + 91 5 140 6 98 7 110 8 123 6 99 Question 3 (20 Marks) Using an appropriate diagram, discuss the integrated nature of the different functional relationships in a manufacturing or service organisation of your choice. Question 4 (20 Marks) Determine from theory the value drivers for an organisation and provide a critical analysis of how these drivers can be applied to an organisation of your choice.