Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year follows: Week Actual No. of Patients 1 65 2 62 3 70 4 48 5 63 6 52 Clinic administrator Marc Schniederjans wants you to forecast patient demand at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0.333 on the present period, 0.25 one period ago, 0.25 two periods ago, and 0.167 three periods ago. a) What is the value of your forecast? b) If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain why. c) What if the weights were 0.40, 0.30, 0.20, and 0.10, respectively? Now what is the forecast for week 7?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91982310

Have any Question?


Related Questions in Operation Management

Case study assignment risk assessment strategic planning

Case Study Assignment: Risk Assessment, Strategic Planning, and Policy Creation At the heart of Information Governance is planning to avoid future problems. One of the key ways this is accomplished is through risk assess ...

For this project your will conduct a needs assessment to

For this project, your will conduct a needs assessment to identify a professional development need. The first step in this process is to determine if professional development and instruction is really needed to address a ...

To provide any product or service you have to use resources

To provide any product or service, you have to use resources like money, materials, labor, time, and information. The goal is to provide the greatest amount of value to customers while utilizing the least amount of your ...

1 explain the concept of quality function deployment link

1. Explain the concept of quality function deployment. Link your answer to how QFD can be used to understand if suppliers are in control of the processes in which they produce components. This answer must be in your own ...

1 ryan the owner of home value supermarket chain wants to

1. Ryan, the owner of Home Value supermarket chain, wants to terminate a contract with a supplier. During the tenure of the contract, Ryan had interacted with the representatives of the supplier mainly over the phone or ...

You believe in global warming please do your best to

You believe in Global Warming. Please do your best to support your position on global warming with credible evidence. Then connect the dots between your belief with a pontential global procurement of raw materials. Are c ...

What are important factors to consider when leading teams

What are important factors to consider when leading teams within the various levels of the organization? What factors are important to consider when leading teams at the executive level? What aspects are essential in ide ...

1 the society for human resource management now utilizes

1. The society for human resource management now utilizes the terms diversity and iclusiveness together why do you think that is the case what would you do to accomplish both simultaneously. 2. we cover the 2000 Election ...

1 in 3-4 paragraphs explain how you will appraise and

1. In 3-4 Paragraphs explain how you will appraise and manage the employee's performance. And tell me how and why you think you're my best candidate for Chief Executive Office. 2. List a forecasting method that is not we ...

Target market for tesla s or x models identify a usable

Target market for Tesla S or X models: identify a usable market segment to be a target market. Select one of the market segments you described in (1) above as the one you believe is or can be the most profitable for your ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As