Questions from Management Science

Q: The chairperson of the department of management at State University wants to

The chairperson of the department of management at State University wants to forecast the number of students who will enroll in production and operations management (POM) next semester to determine ho...

Q: Apperson and Fitz is a chain of clothing stores that caters to

Apperson and Fitz is a chain of clothing stores that caters to high school and college students. It publishes a quarterly catalog and operates a Web site that features provocatively attired males and...

Q: The Gametime Hat Company manufactures baseball caps that have various team logos

The Gametime Hat Company manufactures baseball caps that have various team logos in an assortment of designs and colors. The company has had monthly sales for the past 24 months as follows: Develop a...

Q: Infoworks is a large computer discount store that sells computers and ancillary

Infoworks is a large computer discount store that sells computers and ancillary equipment and software in the town where State University is located. Infoworks has collected historical data on compute...

Q: Develop an exponential smoothing model with a = .30 for the

Develop an exponential smoothing model with a = .30 for the data in Problem 42 to forecast printer demand in year 11 and compare its accuracy to the linear trend line forecast developed in (a).

Q: Arrow Air is a regional East Coast airline that has collected data

Arrow Air is a regional East Coast airline that has collected data for the percentage of avail- able seats occupied on its flights for four quarters—(1) January–Mar...

Q: Develop an adjusted exponential smoothing forecast model (a = .40

Develop an adjusted exponential smoothing forecast model (a = .40 and b = .40) for the data in Problem 44 to forecast seat occupancy and compare its accuracy with the seasonally adjusted model develop...

Q: The consumer loan department at Central Union Bank and Trust wants to

The consumer loan department at Central Union Bank and Trust wants to develop a forecasting model to help determine its potential loan application volume for the coming year. Because adjust- able-rate...

Q: Liu and Fong is a global supplier of denim jeans for apparel

Liu and Fong is a global supplier of denim jeans for apparel companies around the world. Its supply chain includes cotton production in the United States, fabric manufacturing in Southeast Asia and th...

Q: The busiest time of the day at the Taco Town fast-

The busiest time of the day at the Taco Town fast-food restaurant is between 11:00 A.M. and 2:00 p.M. Taco Town’s service is very labor dependent, and a critical factor for providing...