Over the past 5 weeks demand for wine at winstons winery, Ask an Expert

Management Studies

Over the past 5 weeks, demand for wine at Winston's Winery has been 950, 2200, 3300, 1800, and 1550 bottles. Winston has placed weekly orders for glass bottles of 1150, 2400, 3900, 1050, and 900 units. (Recall that the sample variance of a data set can be found by using the VAR.S function in Excel or by plugging each value x of the data set into the formula:

Variance equals Start Fraction Summation from nothing to nothing left parenthesis x minus x overbar right parenthesis squared Over left parenthesis n minus 1 right parenthesis EndFraction, where x overbar is the mean of the data set and n is the number of values in the set.)

a) The variance of demand for Winston's Winery is nothing (round your response to the nearest whole number).

b) The variance of orders from Winston's Winery for glass bottles is.

c) The bullwhip measure for glass bottles for Winston's Winery is.

d) Winston's Winery is providing an amplification effect or smoothing effect in its supply chain?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93135550

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what are the various items contained in the audit report

1. What are the various items contained in the audit report? What do they mean? Break down part of an audit report and interpret what you think it means 2. Develop three to five questions to ask a project manager. Are th ...

Recruitment protocols have evolved to include more focus on

Recruitment protocols have evolved to include more focus on the following points: 1. Looking for employees look for high potentials, not experience. 2. Looking for diversity to drive your culture. 3. Creating the environ ...

1 the efficient consumer response ecr movement was formed

1. The efficient consumer response (ECR) movement was formed as a partnership among retailers, wholesalers, and producers in what industry? A. Garment industry B. Grocery industry C. Automotive industry D. Stationery ind ...

Provide a response to the discussion below responses are

Provide a response to the discussion below. (Responses are thought-provoking, clearly supported, and further build a positive contribution to the discussion.) Threat of new entrants The threat of new entrants in The Vita ...

1 when a wrongdoer harms a persons interest in land or

1. When a wrongdoer harms a person's interest in land or personal possessions, this is referred to as: a. a misdemeanor b. breach of fiduciary duty c. a contractual breach d. a libel against the person e. none of the oth ...

What are the attributes of a good quantitative analysis

What are the attributes of a good quantitative analysis model? C.W. Churchman once said that "mathematics tends to lull the unsuspecting into believing that he who thinks elaborately thinks well." Do you think that the b ...

1 ho do you determine which process improvement tools

1. Ho do you determine which process improvement tools should be used to ensure quality if care in healthcare organisations? What is the cost and return of each approach? 2. Mike Mechanic repaired Alice Ace’s automobile ...

Ldquoinnovation is change that adds potential valuerdquo

“Innovation is change that adds potential value”. Discuss this statement drawing on the ‘Dimensions’ component of the Innovation Management (IM) Framework. In your answer discuss the aspects of innovative leadership that ...

1 highlight the benefits of applying talent development

1. Highlight the benefits of applying talent development within all organisations. 2. Do you believe that leadership skills are natural or learned. given that perspective, give some examples stratergies that help to hone ...

Doctor j is considering purchasing a new blood analysis

Doctor J. is considering purchasing a new blood analysis machine to test for HIV; it will cost $10,000. He estimates that he could charge $150.00 for an office visit to have a patient's blood analyzed, while the actual c ...

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

Recent Questions

Ask Operation Management Expert