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Forecasting and Production Planning Module 3

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

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    Running head: MODULE 3 1 Forecasting and Production Planning UNIVERSITY Class Instructor Name Name City 09 November 2015 Assignment 3.3

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    MODULE 3 2 Chapter 5 - 6 Problems Chapter 5 1. Ms. Winnie Lin’s company sells computers. Monthly sales for a six - month period are as follows: Month Sales Jan 18,000 Feb 22,000 Mar 16,000 Apr 18,000 May 20,000 Jun 24,000 a. 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 - month moving 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 a February forecast of 18,000. Answer : 1) Forecast for 4 - month moving average = (16000 + 18000 + 20000 + 24000)/4 = 19,500

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