Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO YEARS AGO LAST YEAR THIS YEAR UNITS 4,805 3,505 4,305 3,005 UNITS 3,505 2,705 3,490 2,405 UNITS 3,195 II IV 2,105 2.705 1.705 II IV IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units) II II IV II 2-==>
Q: a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only…
A: Given, Actual demand = 95 bags/ week Annual demand D = 95*50 = 4750 bags Order cost S = $50 Holding…
Q: MGMT Bakehouse Inc supplies bread, cakes and other specialty products, to a large percentage of the…
A: given, There have been complaints that some product lines and/or customers are experiencing high…
Q: Given the following data, use exponential smoothing(a = 0.2) to develop a demand forecast. Assume…
A: Given data Exponential smoothing (a) or α= 0.2 Initial time period (F1) = 5 To develop the demand…
Q: Given the demand data, answer the following questions below. Year Sales 1 - 123 2 - 118 3 -…
A: A moving average is a method to obtain a complete analysis of the trends in a data kit; it is an…
Q: (Round your answers to 0 decimal place,e.g.,200.) Season Forecast Fall Winter Spring Summer
A: Demand is the total quantity of goods and services that an individual is willing to purchase at…
Q: Please show work
A:
Q: I using the multiplicative seasonal model, the demand level for George's sailboats in the spring of…
A: Multiplicative seasonal method is a model of forecasting technique that using in seasonal adjusted…
Q: Given the following history, use a three-quarter moving average to forecast the demand for the third…
A: Solution Moving average considers the average of the past data. The average can be of three periods…
Q: The Bango Toy Company produces several types of toys to seasonal demand. The forecast for the next…
A: : Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50…
A: There are different forecasting techniques are available to predict future values. But for different…
Q: Demand history for the past three years is shown below. Year Quarter Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
A: A seasonal index is an index value assigned to each period of the time series within a year that…
Q: After plotting the following demand data, a manager has concluded that a trend-adjusted exponential…
A: Given- α=0.6β=0.5 Month At (Actual) 1 208 2 219 3 232 4 244 5 258 6 268 7 285 8…
Q: The average demand for January has been 80, and the average annual demandhas been 1800. Calculate…
A: Forecasting in operations management is a process by which predictions are made for the production.…
Q: Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in…
A: The good held by the business for accomplishing the aim of reselling the material is known as the…
Q: ACTUAL DEMAND 2011 Spring 203 Summer 144
A: YEAR SEASONACTUAL DEMAND 2011 Spring 203 Summer 144 Fall 382 Winter 565…
Q: Using the actual demand shown in the table below, and a 3-month weighted moving average with weights…
A: Sl No. Months Demand 3-month Wt. Moving Average (weights: 0.1, 0.4, 0.5) 1 Nov 39 2 Dec 36…
Q: In the demand forecast, which of the following cannot be predicted? Select one: a. seasonal…
A: Demand forecasting is the process of predicting or estimating the future demand based on historical…
Q: Given the following history, use a three-quarter moving average to forecast the demandfor the third…
A: Given information:
Q: Average demand for iPods in the Apple store in Rome, Italy, is800 units per month. The May monthly…
A: Given- Average demand = 800 units per month May monthly index = 1.25
Q: The following are historical demand data: ACTUAL YEAR SEASON DEILAND 204 2011 Spring Summer 150 Fall…
A: given,
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression technique is used for solving questions involving a trend, preferbly
Q: The following are historical demand data: ACTUAL DEMAND 205 YEAR SEASON 2 years ago Spring Summer…
A: Linear regression technique is employed when there is an observant down trend or uptrend in the data…
Q: A company has the following actual and forecasted demand history for eight periods: Period Actual 26…
A: Solution Tracking signal is calculated as the ratio of cumulative error divided by the mean absolute…
Q: 3. A toy manufacturer makes stuffed kittens and puppies which have relatively lifelike motions.…
A: In the question, we could see that there are three alternatives, these are wind-up action, Pneumatic…
Q: The production manager at Zam Tech has developed following aggregate forecast of its products:…
A: Find the Given details below: Period 1 2 3 4 5 6 7 Total Forecast 50 44 55 60 50 40 51 350
Q: Problem 3-24 (Algo) Zeus Computer Chips, Inc., used to have major contracts to produce the…
A: Given data is
Q: Identify the cultural scenario that is the most credible—that is, the forecast that you see most…
A: The given case is based on cultural scenario Cultural scenario - there are variety of culture…
Q: Thus historical demand for periods is 70, 60, 80 , and respectivelyWhat is the two-period weighted…
A: Using the 2 period weighted moving average method F(5) = 0.5*Actual (4) + 0.5*Actual(3) = 0.5*90 +…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression Equation Y = Intercept + Slope*X X = Depended variables We used EXcel to find…
Q: 2) A manager has prepared a forecast of expected aggregate demand. Develop an aggregate plan that…
A: For level production planProduction per Month = (Sum of the total forecast for all period –…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: a). Month Period(x) Demand(units)(y) xy x2 y2 Jan 1 4,120 4120 1 16974400 Feb 2 4,220 8440…
Q: John buys goat milk at a cost of $5 per gallon from a local dairy and sells it for $8 per gallon in…
A: a)Determine the possible actions and states:The number of gallons of milk ordered are said to be…
Q: A restaurant manager with analyzing records of the last 6 weeks summarizes the daily demand figures…
A: Forecasting can help in predicting the demand for the product in the future. There are various time…
Q: Tech company is medium-sized Consumer electronics retailer.The company reported $155,000,000 in…
A: The following information is given: Cost of goods sold= $110,050,000 Average inventory= $20,000,000…
Q: A restaurant manager with analyzing records of the last 6 weeks summarizes the daily demand figures…
A: Forecasting is critical for any business since it helps the organization to make informed business…
Q: On August, a light business bought $3600 worth of lamps. At the beginning of September, the store…
A: The cost of goods sold is calculated with the help of following formula Cost of Goods Sold =…
Q: Knights Ltd Wayne tells you he is planning the 30 June 2021 Audit of Knights Ltd, a company that…
A: Below will be the business risk effects for Knights Ltd: There will be an effect of financial risk…
Q: Discuss how you would manage a poor forecast.
A: A poor forecast means that, as a result of this forecast, there has been an imbalance between demand…
Q: The Ashton Furniture Company manufactures coffee tablesand chest of drawers. Last year the company’s…
A: Days in inventory, also regarded as the Days of supply, which is defined as the efficiency ratio,…
Q: Find forecasting error from the following table by using Tracking Signal. Period Actual…
A: n = 6
Q: Calculate four periods moving average forecast from the following last six periods Period Demand 1…
A: Period Demand 1 38 2 40 3 42 4 40 5 44 6 38
Q: March demand was pridicted at 590 units of gear cycles of trevaa ltd. But the actual demand was 400…
A: Given: March demand forecasted (Ft-1) = 590 Units March actual demand (At-1) = 400 Units Alpha =…
Q: 2G MTN Zambia ll 78% 3:30 PM < OperationsManagement_HW1.. 4.12 Consider the following actual and…
A: Given Data, Day Actual demand Forecast Demand Monday 88 88 Tuesday 72 88…
Q: Problem 3-28 (Algo) The following are historical demand data: АCTUAL DEMAND 206 YEAR SEASON Spring…
A: To anticipate demand on time series data, we'll use Excel software.First, we'll forecast using…
Q: A manager would like to know the total cost of a chase strategy that matches the forecast belowusing…
A:
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Y = 3,676.67 + 192.31(X) In January = 3,676.67 + 192.31(1) = 3,868.98 units In February = 3,676.67…
Q: Week Demand of beef 1 500 2 550 3 600 4 720 5 780 6 800 Corresponding weights are…
A: An accuracy of the forecasting method can decide by identifying the MAD value of the each method.…
Q: Specialty Toys, Inc., sells a variety of new and innovative children's toys. Management learned that…
A: : Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The number of internal disk drives (in millions) made at a plant in Taiwan during the past 5 years…
A: Regression is a statistical technique used in finance, investing, and other fields to identify the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Zeus Computer Chips Inc. used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters:2007 2008 2009I 4,800 I 3,500 I 3,200II 3,500 II 2,700 II 2,100III 4,300 III 3,500 III 2,700IV 3,000 IV 2,400 IV 1,700Use the decomposition technique to forecast the four quarters of 2010.
- Zeus Computer Chips, Incorporated used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the quad-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its product lines. Here is demand over the past 12 quarters: QUARTER TWOYEARS AGO DEMAND QUARTER LASTYEAR DEMAND QUARTER THISYEAR DEMAND 1 4,800 1 3,500 1 3,200 2 3,500 2 2,700 2 2,100 3 4,300 3 3,500 3 2,700 4 3,000 4 2,400 4 1,700 Use the regression and seasonal indexes to forecast demand for the next four quarters. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Period Forecast 1 2 3 4Assuming the following deseasonalized demand, what would your Level and Trend FORECAST factors be for future deseasonalized demand estimates? (Hint, you might want to use excel for this) period 1 2 3 4 5 6 7 8 9 10 13673 6640 2737 3486 141 13186) 5448 3485 7728 16591 8236 3316 855358 11 12 13 15 16 17 18 19 Demand Deseasonalized D₁ Demand D 3200 7658 4420 2384 3654 8680 5795 1953 4742 20 4472 4657 4956 5074 5157 5917 6646 6850 6791 6573 6363 6308 6932 7887 8662 8989 O Level-4696 Trend-343 O Level-3612. Trend-264 O Level 3629; Trend-263 O Level-2528: Trend-185Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 2 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
- A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR1 = 0.9, SR2 = 0.95, SR3 = 1.05, and SR4 = 1.1. The trend equation is: Ft = 6 + 4t. Over the past nine quarters, demand has been as follows: Period, t: 1 2 3 4 5 6 7 8 9 Demand: 11 15 17 22 28 32 36 39 43 Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) Period, t Demand MAD Tracking signal 1 11 2 15 3 17 4 22 5 28 6 32 7 36 8 39 9 43Using the correlation coefficient for regression, what is the relationship between BTS's TV Appearance and the demand for Korean Merchandise? Your answer We can see the impact of South Korea's cultural economy exporting pop culture, entertainment, music, TV dramas, and movies on Filipino spending patterns. Based on the table below we can see that: BTS TV Appearances (per 3 week) 7 Demand for Korean Merchandise (in thousand) 4 Your answer 5 7 8 6 9 8 6 5 11 Determine the demand for Korean goods. If the number of BTS TV appearances per week reaches 10, perform a regression analysis.A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are SR, = 0.9, SR, = 0.95, SR3 = 1.05, and SR4 = 1.1. The trend equation is: Ft = 11 + 3t. Over the past nine quarters, demand has been as follows: Period, t: 1 2 3 4 7 8 Demand: 15 17 20 23 25 29 34 36 39 Click here for the Excel Data File Compute the MAD and tracking signal for each period. (Negative values should be indicated by a minus sign. Round your intermediate calculations and final answers to 3 decimal places.) Period, t Demand MAD Tracking signal 1 15 17 3 20 4 23 25 29 7 34 8 36 39 2.