Questions from Service Management

Q: The number of customers at a bank likely will vary by the

The number of customers at a bank likely will vary by the hour of the day and by the day of the month. What are the implications of this for choosing a forecasting model?

Q: Suggest a number of independent variables for a regression model to predict

Suggest a number of independent variables for a regression model to predict the potential sales volume of a given location for a retail store (e.g., a video rental store).

Q: Why is the N-period moving-average model still in

Why is the N-period moving-average model still in common use if the simple exponential smoothing model has superior qualities?

Q: What changes in (, (, and ( would you recommend to improve

What changes in (, (, and ( would you recommend to improve the performance of the trendline seasonal adjustment forecast shown in Figure 11.4? Figure 11.4: Profile of Operator Requirements and Tour A...

Q: Discuss the functions of inventory for different organizations in the supply chain

Discuss the functions of inventory for different organizations in the supply chain (i.e., manufacturing, suppliers, distributors, and retailers).

Q: How would one find values for inventory management costs?

How would one find values for inventory management costs?

Q: Compare and contrast a continuous review inventory system with a periodic review

Compare and contrast a continuous review inventory system with a periodic review inventory system?

Q: Determine if the U.S. service sector currently is expanding

Determine if the U.S. service sector currently is expanding or contracting based upon the Non-Manufacturing Index (NMI) found at ISM Report on Business on the Institute of Supply Management website: h...

Q: Discuss how information technology can help to create a competitive advantage through

Discuss how information technology can help to create a competitive advantage through inventory management?

Q: How valid are the assumptions for the simple EOQ model?

How valid are the assumptions for the simple EOQ model?