Altavox is considering a new option for distributing the, Ask an Expert

Management Studies

Altavox is considering a new option for distributing the model VC 202 where, instead of using five vendors, only a single vendor would be used. Evaluate this option by analyzing how accurate the forecast would be based on the DEMAND AGGREGATED ACROSS ALL REGIONS. Use the model that you think is best from your analysis of questions 1 and 2. Use a new criterian that is calculated by taking the MAD and dividing by the average demand. This criterian is called the mean absolute percent error (MAPE) and gauges the error of a forecast as a percent of the average demand.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91874320

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