Anonymous
timer Asked: Apr 23rd, 2020

Question Description

solve in details

do not give any students the answer please

solve both in word file and excel sheet

Unformatted Attachment Preview

Q1 The owner and manager of LaLa Department Store, has decided to use statistical forecasting to get a better handle on the demand for his major products. One category is major household appliances, such as washing machines, which have a relatively stable sales level. Monthly sales of washing machines last year are shown below. a. [2 Mark] Use the moving-average method with n = 3 retrospectively to determine what the forecasts would have been for the last 9 months of last year and error using MAD method. b. [2 Mark] Use the Simple Exponential Smoothing to determine what the forecasts would have been for the last year. (Let the initial estimate of level = 25 and smoothing constant  = 0.1) and error using MAD method. c. [1 Mark] Draw the graph plotting the actual sales, Moving Average and the Simple Exponential Smoothing results in one plot. Month January February March April May June Sales 23 24 22 28 22 27 Month July August September October November December Sales 20 26 21 29 23 28 ANSWER: Q2 Tamama Supermarket purchases milks from three different suppliers, namely Nade, Sada and Marae. The following table shows the unit price and the average demand of each type of milk per year. A fixed transportation cost of SAR 100 is incurred each time an order is delivered. For each type of milk ordered and delivered, an additional fixed product specific order cost is incurred for receiving and storage. The product specific order cost is also shown in the following table. (Interest rate is 15% and 1 year = 52 weeks.) Milk Nade Sada Marae Unit price (SAR) 6 5 6 Demand (units per year) 7,500 4,000 1500 Product-specific order cost (SAR) 10 10 10 Determine the annual cost when Tamama uses the strategy to deliver the milks: a. [2 Marks] independently, i.e. each type of milk is ordered independently of the others. b. [2 Marks] jointly, i.e. all three types of milk are included each time an order is placed. c. [1 Mark] Which strategy is recommended? ANSWER: ...
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors