Forecasting and Production Planning Module 3 - Document preview page 1

Forecasting and Production Planning Module 3 - Page 1

Document preview content for Forecasting and Production Planning Module 3

Forecasting and Production Planning Module 3

This assignment provides solutions for forecasting and production planning techniques, improving efficiency in manufacturing and logistics.

David Miller

Contributor

4.5

12 months ago

Preview (3 of 7 Pages)

100%

Page 1 of 3

Forecasting and Production Planning Module 3 - Page 1 preview image

Running head: MODULE 31Forecasting and Production PlanningUNIVERSITYClassInstructor NameNameCity09November2015Assignment 3.3

Page 2 of 3

Forecasting and Production Planning Module 3 - Page 2 preview image

Page 3 of 3

Forecasting and Production Planning Module 3 - Page 3 preview image

MODULE 32Chapter5-6 ProblemsChapter 51.Ms. Winnie Lin’s company sells computers. Monthly sales for a six-month period areas follows:MonthSalesJan18,000Feb22,000Mar16,000Apr18,000May20,000Jun24,000a. Plot the monthly data on a sheet of graph paper.Answer:b. Compute the sales forecast for July using the following approaches:(1) a four-monthmoving average; (2) a weighted three-month moving average using .50 for June, .30 for May and.20 for April. (4) Exponential smoothing with a (smoothing constant) equal to .40, assuming aFebruary forecast of 18,000.Answer:1)Forecast for 4-month moving average = (16000 + 18000 + 20000 + 24000)/4 =19,500

Preview Mode

This document has 7 pages. Sign in to access the full document!

Report

Study Now!

X-Copilot AI

Unlimited Access

Secure Payment

Instant Access

24/7 Support

Document Chat

Document Details

Subject

Operations Management

Learning Tools

Writing Tools

Browse Resources