Questions from General Operations Management

Q: Discuss the importance of each of the following: a.

Discuss the importance of each of the following: a. Matching supply and demand b. Managing a supply chain

Q: Briefly describe the terms operations management and supply chain.

Briefly describe the terms operations management and supply chain.

Q: The following equation summarizes the trend portion of quarterly sales of condominiums

The following equation summarizes the trend portion of quarterly sales of condominiums over a long cycle. Sales also exhibit seasonal variations. Using the information given, prepare a forecast of sal...

Q: Compute seasonal relatives for this data using the SA method:

Compute seasonal relatives for this data using the SA method:

Q: A tourist center is open on weekends (Friday, Saturday,

A tourist center is open on weekends (Friday, Saturday, and Sunday). The owner-manager hopes to improve scheduling of part-time employees by determining seasonal relatives for each of these days. Data...

Q: The manager of a fashionable restaurant open Wednesday through Saturday says that

The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 35 percent of its business on Friday night, 30 percent on Saturday night, and 20 percent on...

Q: Obtain estimates of daily relatives for the number of customers at a

Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data. a. Use the centered moving average method. (Hint: Use a seven-day moving...

Q: A pharmacist has been monitoring sales of a certain over-the

A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales during the last 15 days were as follows: a. Which method would you suggest using to predict future sal...

Q: New car sales for a dealer in Cook County, Illinois,

New car sales for a dealer in Cook County, Illinois, for the past year are shown in the following table, along with monthly indexes (seasonal relatives), which are supplied to the dealer by the region...

Q: Explain the trade-off between responsiveness and stability in a forecasting

Explain the trade-off between responsiveness and stability in a forecasting system that uses time-series data.