Case study introductionThis case describes the forecasting, planning and production processes of a global skiwear supply channel. Sport Obermeyer Ltd. is a high-end fashion design and merchandising company that sells its products through U.S. department stores and ski shops. Although the company has a global supply network, most of its critical outerwear products are sourced through a Hong Kong based joint venture company, Obersport. It has to forecast the demand of its ski parkas almost a year in advance in a field where the fashions change quite fast. It leads to some complex decision making as the manufacturing lead time is very long. The supply chain spreads over many countries, some of the suppliers have very long lead times and the forecasts the company makes at the beginning are less accurate. The case highlights the challenges companies face when planning production for short-life cycle products, operational changes to reduce cost of stockouts and excess stock due to mismatched supply and demand, and other coordination issues in supply chains. Answer the following questions: What were the main challenges facing Sport Obermeyer? (Be sure to provide specific data as appropriate)What factors constrain Sport Obermeyer’s production planning?What operational changes would you recommend? Why would these changes add value? The case write-up should not exceed four-pages, double space, font size 12 Times Roman or equivalent, excluding exhibits (note that exhibits should not exceed two pages). The write-up should be professionally done, with arguments or points made in a logical flow. You can use prose or bullet-point format in your write-up, but key arguments should be articulated clearly and concisely. Submit your completed assignment via the Turnitin drop box located in the Assignments area.

Please answer the following questions in detail, provide examples whenever applicable, provide in-text citations. State if each of the following statements is true or false. Justify your answers.The efficient-market hypothesis assumes thata. There are no taxes. b. There is perfect foresight. c. Successive price changes are independent. d. Investors are irrational. e. There are no transaction costs. f. Forecasts are unbiased.2.Evaluate each of the following statements: “The random-walk theory, with its implication that investing in stocks is like playing roulette, is a powerful indictment of our capital markets.” “If everyone believes you can make money by charting stock prices, then price changes won’t be random.” “The random-walk theory implies that events are random, but many events are not random. If it rains today, there’s a fair bet that it will rain again tomorrow.” 3. Does the statement, “mutual fund X has had superior performance for each of the last 10 years” contradict the efficient market hypothesis? If fund X is the only fund, calculate the probability that only by chance it would have achieved superior performance for each of the past 10 years. Now recognize that there are nearly 10,000 mutual funds in the United States. What is the probability that by chance there is at least 1 out of 10,000 funds that obtained 10 successive years of superior performance? 4. Financial markets and intermediaries channel savings from investors to corporate investment. The savings make this journey by many different routes. Give a specific example for each of the following routes: Investor to financial intermediary, to financial markets, and to the corporation. Investor to financial markets, to a financial intermediary, and to the corporation. Investor to financial markets, to a financial intermediary, back to financial markets, and to the corporation