Introduction to Management Science: Quantitative Methods: 50 Multiple Choice Questions Question 1 In a balanced transportation model where supply equals demand‚ a. all constraints are equalities b. none of the constraints are equalities c. all constraints are inequalities d. none of the constraints are inequalities Question 2 In a transportation problem‚ items are allocated from sources to destinations a. at a maximum cost b. at a minimum cost c. at a minimum profit d. at
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June Demand 89 57 144 221 177 280 Month July August September October November December Demand 223 286 212 275 188 312 a. Determine the one-step-ahead forecasts for the demand for January 2000 using 3-‚ 6-‚ and 12-month moving averages. b. Using a four-month moving average‚ determine the one-step-ahead forecasts for July through December 1999. c. Compute MAD‚ MSE‚ MAPE for the forecasts obtained in b. Solution: a. MA (3) forecast: 258.33 MA (6) forecast: 249.33 MA (12) forecast: 205.33 b. Month July
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Excel Chapter 8 Test 1) Match each term with the correct definition (15 points) A sequence of averages computed from parts of a data series that smoothes fluctuations in data to show a trend more clearly. Moving average In a moving average‚ the number of cells to include in the average. Interval Expenses that remain the same each month. Fixed expenses A point at which an entity covers its costs and starts to make a profit. Break-even A what-if
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Pharos University Faculty of Financial & Administrative Sciences O PERATIONS M ANAGEMENT B y: Dr. Ola E lgeuoshy S pring 2013 C hapter (3) F orecasting F ORECASTING “ a Statement about the future value of a variable of i nterest .” U ses of Forecasting: Accounting Cost/profit estimates Finance Cash flow and funding Human Resources Hiring/recruiting/training Marketing Pricing‚ promotion‚ strategy MIS IT/IS systems‚ services Operations Schedules‚ MRP
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t = -.412 and p = .689. A stationary model seems appropriate since the linear term‚ Period‚ is not significant. 7.1 c. Forecast for January -- 19‚ for upcoming year – 12*19 = 228 7.1 d. Forecast for January -- 20.4 e. 4 month moving average. MAD is 1.72 7.2 See files Ch7.2a.xls and Ch7.2b.xls a. Forecast for January -- 18.86 7.2 b. See file Ch7.2b.xls Forecast for January -- 20.28 c. = .6 gives the lower MSE 7.3 See file Ch7.3.xls a. b. Coefficients
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ISQS 3344 Test 1 review Chapter 1 What employers want The ability to think cross functionally Working in teams and collaborative learning Increase productivity and knowledge by 50% Operations management- the science and art of ensuring that goods and services are created and delivered successfully to customers. Planning Directing Controlling Organizing Government regulations- California 2006 Increase mpg standard for all vehicles or pay fine Lots of hybrids sold but companies
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BankUSA Help Desk - Case Study Brent Schmitz Business 4208 Notre Dame de Namur July 28‚ 2013 Abstract The purpose of this case study is to recommend how to increase the overall effectiveness and improve the planning of the Help Desk business unit for BankUSA. This study will look at what are the service management characteristics of the customer service representative‚ create a suggested mission statement for the Help Desk and review which forecasting technique is best used by the
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2010 2011E Industry Average Current 2.3 1.5 2.6 2.7 Quick 0.8 0.5 0.9 1.0 Compared the current and quick ratios from 2009 to 2011 with the industry average‚ it can be easily indicated Computron has a weak liquidity position
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force of the fall without the egg cracking or popping out. The first test was to determine the average mass and dimensions of the eggs. The materials needed to conduct this section of the lab include 60 eggs‚ a scale‚ a string‚ and a caliper. In order to obtain the mass‚ an egg was placed on a scale and the mass was recorded; this was repeated for the other 59 eggs. After they were all weighed the average mass was recorded by adding up all 60 masses and dividing by 60‚ this measurement was then recorded
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“I Just Wanna Be Average” By: Mike Rose Summary: In the story “I Just Wanna Be Average” the author Mike Rose argues that society very often neglects and doesn’t see the full value and potential of students. As a student you’re not the only that is frustrated. Rose explains how even dealing with the issues and difficulty of a highly respected professor you can still somehow find comfort as a student and learn to deal with the issues of the professor in your own way. Rose also
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