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

Option establishing pmo standards and metricsstandards and

Option : Establishing PMO Standards and Metrics Standards and metrics are an essential aspect of the project management office (PMO) practice management. The purpose of this assignment is for you to understand and synthe ...

Please answer all of these questions based on the assigned

Please answer all of these questions based on the assigned readings and or your personal knowledge. 1- What is your small business or entrepreneurial idea? Why do you believe that this is a functional idea for a new busi ...

1 materials often represent a substantial portion of a

1) Materials often represent a substantial portion of a company's assets; therefore, they should be controlled from the time orders are placed to the time finished goods are shipped to the customer. What are the control ...

What does the term bullying in the workplace mean are

What does the term "bullying" in the workplace mean? Are there layers or dimensions to the term. Please be explicit. Have employees filed lawsuits & other formal complaints in this area? Please give examples & also expla ...

Original work only200 words each question with one

*Original Work Only* 200 words each question with one reference (1) What does ERISA regulate? What does it require of employers? What employers does ERISA regulate? How have you been personally affected by ERISA? (2) Sum ...

Sam certo a nanaimo vet is running a rabies vaccination

Sam Certo, a Nanaimo vet, is running a rabies vaccination clinic for dogs at the local grade school. Sam can "shoot" a dog every 3 minutes. It is estimated that the dogs will arrive independently and randomly throughout ...

Triano brothers an insurance firm follows an administrative

Triano Brothers, an insurance firm, follows an administrative procedure for measuring the relative worth of its jobs. The organization does this by assembling and training a committee consisting of people familiar with t ...

Happy valley land and snow company provides the following

Happy Valley Land and Snow Company provides the following ABC costing information: Activities                             Total Costs         Activity-cost drivers Labor hours                          $320,000           ...

Jack has worked for many years as an operations manager in

Jack has worked for many years as an operations manager in the manufacturing division of his company. Today however, his manager has advised that his new job will be an operations manager in the company's Theme Park divi ...

1 you are creating a workforce plan as part of hr team

1. You are creating a workforce plan as part of HR team contibution to the organisation's strategic planning process. Justify the information you need to collect in other to create this plan. 2. Evalute the importance of ...

  • 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