Session 4 Milestone - Apr

CENGAGE MINDTAP Chapter 09 Homework: Forecasting and Demand Planning Questions Problem 9-21 Algo (Basic Concepts in Forecasting) 1. 2. 3. 4. O O X Compute MSE, MAD, and MAPE for the following customer satisfaction data: ● MSE: MAD: MAPE: Icon Key Month 1 2 4 5 Do not round intermediate calculations. Round your answers to three decimal places. Problem 9-21 Algo (Basic Concepts in Forecasting) 3 Customer Satisfaction Score 88.1 87.4 90.1 92.7 91.0 Forecast 83.0 86.6 88.5 89.2 89.9 Q Search this course ✪ x Question 1 of 4 ► Check My Work (1 remaining) Check My Work (1 remaining) Question 1 of 4 ►

Discussion Questions: Question 1 (a)    An effectively formulated operation strategy is critical to the success of a business, agree or disagree? Give reasons for your answer. (b)    Suggest two strategies that Cutie Barber Salon could use to achieve the mission outlined in your response to question 1. Question 2 What is the strategic importance of forecasting for a business such as Cutie Barber Salon? What are the possible challenges faced by organizations that do not utilize forecasting in the planning of their operations? Question 3 Discuss two ways in which the barber salon can overcome the challenge of operating successfully in an environment of increasing costs while at same time customers are demanding lower prices.

Explain Resource Based View (RBV)

subject: Quantitative Analysis For Business Please answer both.  22. Dawn owns a dog day care company that offers kenneling services for dogs that weigh less than 30 pounds. Dawn has decided to expand the building that houses the kennels by 1,000 square feet. A friend suggested that Dawn consider three expansion options: 1) only board dogs under 30 pounds; 2) only board dogs larger than 30 pounds; or 3) split the new space, allocating 50% to dogs under 30 pounds and 50% to dogs over 30 pounds. Expansion Options Strong Economy Weak Economy   Likelihood 40% Likelihood 60% Only dogs under 30 pounds $19,000 increase in revenue $18,000 increase in revenue Only large dogs $22,000 increase in revenue $15,000 increase in revenue Split the space between small and large dogs $20,000 increase in revenue $16,000 increase in revenue Based on the table shown above, which option has the highest expected value? Splitting the space between small and large…

Advise the small farmers on how to be more successful , profitable and stable in his farming business. • The farm has 100ha of arable land – 50ha and some natural pastures • Planting maize (yield 2 tonnes per hectare), soybeans (yield 800kg/ha) • Planting vegetables (high pest pressure), but quality is low. • He has a herd of 30 cows and 50 sheep. •Farming is not profitable •His livestock is very thin in winter and has no pasture calves are easy and don't fetch good money at auctions

Problems: 1. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 90 percent of capacity; actual usage was 87.6 percent of сарacity. A smoothing constant of .1 is used. a. Prepare a forecast for September. b. Assuming actual September usage of 92 percent, prepare a forecast for October usage. 2. An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 3 4 30 32 28 Requests: 32 31 Predict the number of requests for week 6 using each of these methods: a. Naive. b. A four-period moving average.

How aPublic school can increase revenue and reduce expenses during the next school year, Give three recommendation

Question 1: Operations Management a) Define operations management and explain its importance in modern organizations. b) Discuss the key elements of the operations management process and explain how they are interconnected. Question 2: Total Quality Management a) Define Total Quality Management (TQM) and explain its significance in today's business environment. b) Describe the principles of TQM and how they can be implemented in an organization. Question 3: Process Analysis and Improvement a) Explain the concept of process analysis and its importance in operations management. b) Discuss the various tools and techniques used for process improvement, including Six Sigma and Lean methodologies. Provide examples of how these methodologies can be applied in an organization. Question 4: Supply Chain Management a) Define supply chain management and explain its role in achieving operational excellence. b) Discuss the challenges and strategies associated with managing a global…

Why is forecasting important in operations management?

Describe the role of forecasting in operations management. Explain why accurate forecasting is important for organizations and discuss the various methods and techniques used for forecasting demand, production, and other relevant factors. 20:17

Advises the small farmer on how to be more successful, to be profitable and stable in his farming business. • The farm has 100ha of arable land – 50ha and some natural pastures • Planting maize (yield 2 tonnes per hectare), soybeans (yield 800kg/ha) • Planting vegetables (high pest pressure), but quality is low. • He has a herd of 30 cows and 50 sheep. •Farming is not profitable •His livestock is very thin in winter and has no pasture calves are easy and don't fetch good money at auctions. The farm is in Villiers The farms have an average rainfall of 550mm to 600mm per year. This rain occurs during the summer months in a typical Highveld manner thunders. The average temperature in summer is 25°c, and temperatures in winter average 14°c, but in the morning low up to -13°c. Use ideas about how to incorporate precision farming on a small scale to create this farm stability

ETHICAL DILEMMA 6 Who cares whose shares? as become something of an institution; spending quiet Sunday afternoons with your partner's it hee in the Countryside away from the hustle and bustle of city life. The fresh air, green scenery, and faminsace of life contrast greatly with the stresses and strains of the working week in London. The Sorost seems even more marked since you started working at PharmChemCo (PCC) 18 months ComVou constantly remind yourself that the long hours and big salary are worth it, as are the career oportunities; PCC is one of the biggest pharmaceutical and chemical companies in the world, It OPalso turned you into quite a successful player in the stock market. Since you were promoted to na nal Marketing Director for the North East, PCC has paid a large chunk of your bonuses in stock Teglns Even with a dipping market, this has proved to be an extremely lucrative package, given your success in meeting sales targets and, of course, shrewd investment decisions. This…

5. (CDN) There are two strategies of surrogate server placement forCDN. List and sketch these two strategies.

subject: Quantitative Analysis For Business Please answer both.  18. A pizza restaurant would like to add fresh ingredients which are available during the summer to the menu. Only three items may be added, which is a first-time offer to patron. There are five menu items under consideration: spinach salad, cucumber cocktail, stuffed olives, steamed broccoli, and fried eggplant. A survey is underway to measure patrons' preferences. Which step of the decision model does the survey represent? Choosing the best alternative Generating alternatives Listing alternatives Evaluating alternatives An athletic equipment store offers an annual clearance sale every May. The store sells all the accumulated overstocked and discontinued items that have been stored in a warehouse for the last 12 months. Because there is so much inventory, the sale is usually held in the store's parking lot; however, it has rained several times during the event in the past, and the store's owner is considering changing…

Why forecasting is vital to operation management?

Q1 LAB2 subject : production and operation management  please answer ASAP

Video interviews with College of Professional Studies faculty who are also professional practitioners, describing their educational and professional experiences, including what they find interesting and engaging about their respective fields. Please note: due to the recent merge, one may hear a reference to Granite State College. GSC has merged to become the online division of the UNH College of Professional Studies.   Chuck Bagley, Lecturer in Adult Learning & Development, and Laurie Quinn, former Provost & Vice President of Academic Affairs at the College of Professional Studies. These two interviews have applicability across fields of study.   What are the observations about the role experience and formal education have played in the academic and professional development of these faculty members?

Video interviews with College of Professional Studies faculty who are also professional practitioners, describing their educational and professional experiences, including what they find interesting and engaging about their respective fields. Please note: due to the recent merge, one may hear a reference to Granite State College. GSC has merged to become the online division of the UNH College of Professional Studies.   Chuck Bagley, Lecturer in Adult Learning & Development, and Laurie Quinn, former Provost & Vice President of Academic Affairs at the College of Professional Studies. These two interviews have applicability across fields of study.   What are the observations about the role experience and formal education have played in the academic and professional development of these faculty members?   How would one characterize the role of their own experience and formal education have played in one's professional or personal development?

Customers and Marketing Assignment 1: Discussion—Marketing Plans and Customer SatisfactionCorona beer is the number one imported beer into the United States, and has developed into a global brand (General Distributors, Inc., n.d.). Corona created its competitive advantage through an innovative marketing strategy.Like Corona beer, identify a recent example of a firm that was cited as having a competitive advantage due to its innovative marketing plan. Respond to the following:Discuss implementation activities that positively impacted customer satisfaction.Describe three advantages and three disadvantages of standardizing the marketing mix worldwide.NO PLAGARISMPLEASE CORRECTLY CITE USING APA standards and please provide valid URLS for those references.Please use American CompanyWrite your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all…

Since opening day, Arnold Palmer Hospital has experiencedan explosive growth in demand for its services. One of only sixhospitals in the U.S. to specialize in health care for women andchildren, Arnold Palmer Hospital has cared for over 1,500,000patients who came to the Orlando facility from all 50 states andmore than 100 other countries. With patient satisfaction scoresin the top 10% of U.S. hospitals surveyed (over 95% of patientswould recommend the hospital to others), one of Arnold PalmerHospital’s main focuses is delivery of babies. Originally built with 281 beds and a capacity for 6,500 births per year, the hospitalsteadily approached and then passed 10,000 births. Looking atTable S7.4 , Executive Director Kathy Swanson knew an expansionwas necessary. Withcontinuing population growth in its market area serving18central Florida counties, Arnold Palmer Hospital was deliveringthe equivalent of a kindergarten class of babies every day andstillnot meeting demand. Supported with…

12. How and when would an organization use a: Standing plan Single-use plan 13. Why would a food and nutrition organization benefit from bot short- and long-range plans?

DEFINE Capacity growth planning

Compute for MAD, MSE and MAPE using Moving Average Model (past 3 Weeks), В. А. Exponential Smoothing Model (a = 0.2) С. What is your sales forecast for Period 8 using A and B? Period Actual Sales Forecast Error Error Error |Error %| 1 39 44 3 40 4 45 5 38 6. 43 7. 39 MAD MSE МАРЕ Compute for MAD, MSE, and MAPE using the Moving Average Model (past 3 weeks). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Compute for MAD, MSE, and MAPE using the Exponential Smoothening Model (a=0.2). Use two decimal places and do not put unit of measurement (UoM). (for example 35.00 or 35.40) MAD is Blank 1. MSE is Blank 2. MAPE is Blank 3%. Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer What is your sales forecast for period 8 using Moving Average Model and Exponential Smoothing Model? Use two decimal places and…

Technology in Services. Describe at least two examples of services that are improved by adding technology. Explain specifically how the service is improved (it is more efficient, more customized, more unique, etc.) Are there any negative consequences of adding technology to the services that you described? If so, please explain

Which of the following statements about forecasting based on big data analytics is true?   Question 5 options:   Most firms should outsource this analysis.   Most firms have all of the resources needed to do this analysis.   Most firms may need to acquire new resources to do this analysis.   All are true statements regarding big data analytics.