Questions from General Operations Management


Q: Define forecasting and explain why it is important.

Define forecasting and explain why it is important.

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Q: Describe how to apply regression as a forecasting approach.

Describe how to apply regression as a forecasting approach.

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Q: Research software available to organizations to create staff schedules. What features

Research software available to organizations to create staff schedules. What features do these types of software have? Prepare a one-page report.

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Q: Explain the role of judgment in forecasting.

Explain the role of judgment in forecasting.

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Q: Describe how statistical and judgmental forecasting techniques are applied in practice.

Describe how statistical and judgmental forecasting techniques are applied in practice.

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Q: Using a rating factor of 1.00, compute the normal

Using a rating factor of 1.00, compute the normal time for drilling a hole in a steel plate if these are the observed times (in minutes):

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Q: What is bias in forecasting? Explain the importance of using tracking

What is bias in forecasting? Explain the importance of using tracking signals to monitor forecasts.

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Q: How is forecasting used throughout the value chain?

How is forecasting used throughout the value chain?

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Q: Describe the different time horizons used in forecasting and provide examples of

Describe the different time horizons used in forecasting and provide examples of each.

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Q: What is a time series? Explain the four characteristics that time

What is a time series? Explain the four characteristics that time series may exhibit and provide some practical examples.

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