Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

Problem:

Oceania Hospitals has recorded demand for heart transplant surgery over the precedent few years. The data is given in following table:

Year

1

2

3

4

5

6

Heart Transplants

45

50

52

56

58

?

a) You have been appointed as consultant to advice Oceania Hospitals. You're describeing to Oceania Hospitals the necessity of having the analytical and scientific framework with numerous systematic steps. Can you describe the different steps required for proper decision making?

b) When Oceania Hospitals started operations six (6) years ago a consultant has predicted that the demand in year 1 would be 41 surgeries. Use exponential to develop forecasts for years 2 through 6 with the constant of (i) 0.6 and (ii) 0.9       

c) Use a 3-year moving average to forecast demands in years 4, 5 and 6.

d) What smoothing constant would you choose to get results similar to 3-year moving average?                                                                       

e) Evaluate the MAD for each of the three (3) methods above for years 1 to 5 (years 4 & 5 only for 3-year moving average). Which technique would you suggest?

f) What forecast will you make for year six?

 

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M98411

Have any Question? 


Related Questions in Operation Management

What approach to evaluating recruitment effectiveness would

What approach to evaluating recruitment effectiveness would you recommend for a mid-size service delivery business such as an accounting firm? Why? Would the items in a job application form for a bank be different from t ...

Prepare a case study the case must involve some

Prepare a case study. The case must involve some organization. The case may come from an academic journal, a compilation of case studies, a situation reported in the local newspaper supplemented by discussion with someon ...

What are some current and future hr issues in healthcare

What are some current and future HR issues in healthcare? how effective human resources management deal with these issues?

Write an 700 word paper on the following topicalthough the

Write an 700+ word paper on the following topic. Although the long-term care (LTC) system has already gone through many changes, it can anticipate more changes in its future. Your final paper will examine the challenges ...

Operations management group project- om in actionthe

Operations Management Group Project- OM in Action The objective of this group project is to integrate knowledge that we have learned in class with personal experience by taking a close look into the operations of an orga ...

1 explain what makes negotiations successful discuss in

1. Explain what makes negotiations successful. Discuss in your own words. 2. List and describe the five key steps that a successful organization should take to handle conflict. In your own words 3. Explain the two key pr ...

Cordell inc has an operating leverage of 3 sales are

Cordell, Inc. has an operating leverage of 3. Sales are expected to increase by 9% next year. What is the expected change in operating income next year?

Imagine that you are the chief operations officer coo of

Imagine that you are the chief operations officer (COO) of Amazon.com. You are interested in creating a competitive advantage for your company (compared to other online retailers) in that you wish to be able to provide t ...

Discussion 1information technology is the process of using

Discussion 1 Information technology is the process of using computers or computing devices to obtain and handle information and data. Using this technology is something that is performed daily by people all over the worl ...

Why is the acceptability of a job structure important how

Why is the acceptability of a job structure important? How can organization gain acceptability?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro