Questions from General Operations Management

Q: What are some of the potential benefits of a more formalized approach

What are some of the potential benefits of a more formalized approach to forecasting?

Q: Omar has heard from some of his customers that they will probably

Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he w...

Q: Give three examples of unethical conduct involving forecasting and the ethical principle

Give three examples of unethical conduct involving forecasting and the ethical principle each violates.

Q: It has been said that forecasting using exponential smoothing is like driving

It has been said that forecasting using exponential smoothing is like driving a car by looking in therear-view mirror. What are the conditions that would have to exist for driving a car that are analo...

Q: Discuss how you would manage a poor forecast.

Discuss how you would manage a poor forecast.

Q: How is forecasting in the context of a supply chain different from

How is forecasting in the context of a supply chain different from forecasting for just a single organization? List possible supply chain benefits and discuss potential difficulties in doing supply ch...

Q: Which type of forecasting approach, qualitative or quantitative, is better

Which type of forecasting approach, qualitative or quantitative, is better?

Q: Suppose a software producer is about to release a new version of

Suppose a software producer is about to release a new version of its popular software. What information do you think it would take into account in forecasting initial sales?

Q: What are models and why are they important?

What are models and why are they important?

Q: Choose the type of forecasting technique (survey, Delphi, averaging

Choose the type of forecasting technique (survey, Delphi, averaging, seasonal, naive, trend, or associative) that would be most appropriate for predicting: a. Demand for Mother’s Day greeting cards. b...