Question Description

Assignment Question(s):(Marks 5)undefined

Question 2:undefined

An Electronic Company estimates the annual demand for a certain product as follows:undefined

Week123456
Demand649524561738515598

undefined

  • Forecast the demand for week 7 using a five-period moving average? (Marks 1.5) (word count maximum:100)
  • Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights: W1 = .4, W2 = .4, W3 = .2 (Marks 1.5) (word count maximum:100)
  • Forecast the demand for week 7 using exponential smoothing. Use α value of .1 and assume the forecast for week 6 was 602 units? (Marks 1.5) (word count maximum:100)
  • What assumptions are made in each of the above forecasts? (Marks 0.5) (word count maximum:150
  • Textbook
    • Operations Management in the Supply Chain: Decisions and Cases, 7th Edition (2018), ISBN 978-1-259-71877-9 by Roger G. Schroeder and Susan Meyer Goldstein
  • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
  • Assignments submitted through email will not be accepted.
  • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
  • Students must mention question number clearly in their answer.
  • Late submission will NOT be accepted.
  • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
  • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
  • Submissions without this cover page will NOT be accepted.
Learning Outcome:    
  • Describe the concept of operations functions, supply chain strategy, process selection, forecasting, capacity planning, production forecast methods and schedule operations.
  • Demonstrate process-flow analysis, process design solutions, operations strategies, Inventory Control System and customer services in the business operation.

Assignment Question(s):                                                         (Marks 5)

Question 2:

An Electronic Company estimates the annual demand for a certain product as follows:

Week123456
Demand649524561738515598
  1. Forecast the demand for week 7 using a five-period moving average? (Marks 1.5) (word count maximum:100)
  2. Forecast the demand for week 7 using a three-period weighted moving average. Use the following weights: W1 = .4, W2 = .4, W3 = .2 (Marks 1.5) (word count maximum:100)
  3. Forecast the demand for week 7 using exponential smoothing. Use α value of .1 and assume the forecast for week 6 was 602 units? (Marks 1.5) (word count maximum:100)
  4. What assumptions are made in each of the above forecasts? (Marks 0.5) (word count maximum:150)

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