Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.


kindly share solution is

Views: 359

Attachments:

Replies to This Discussion

Production Planning and Inventory Control (MGMT617)Production Planning and Inventory Control (MGMT617)
Semester: Fall 2020 Assignment No. 1Due Date: December 17, 2020 Total Marks: 10
Objective:
To reinforce the concept of Demand Management and Forecasting.
Scenario:Sales for the past 12 months at XYZ Company are given here.
Months Sales ($ millions) Months Sales ($ millions)January 20 July 53February 24 August 62March 27 September 54April 31 October 36May 37 November 32June 47 December 29
Tasks:
1. Use a 3-month weighted moving average to forecast the sales for the months April through December. Use weights of (3/6), (2/6), and (1/6), giving more weight to more recent data.(3 marks)
2. Use exponential smoothing with α = 0.6 to forecast the sales for the months April through December. Assume that the initial forecast for January was $22 million. Start error measurement in April.
(4 marks)
3. Compare the performance of the two methods by using the mean absolute deviation (MAD) as the performance criterion, with error measurement beginning in April. Which method would you recommend?
(3 marks)

Instructions:• You are required to show the necessary calculations in solution.
• No theoretical definitions and explanations are required.• Watch video lectures and consult book/notes to complete the assignment.
Important:
24 hours extra/grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Deadline:• Make sure to upload the solution file before the due date on VULMS. • Any submission made via email after the due date will not be accepted.
Formatting Guidelines:• Use the font style “Times New Roman” or “Arial” and font size “12”.• It is advised to compose your document in MS-Word format.• You may also compose your assignment in Open Office format.• Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit
https://linguistics.byu.edu/faculty/henrichsenl/APA/APA01.html
Rules for MarkingPlease note that your assignment will not be graded or graded as Zero (0), if:
• Any of the given instructions are not followed.• It is copied or plagiarized.• It is submitted after the due date.• The file you uploaded does not open or is corrupt.

response sir tariq

HOPE SO SIR TILL 10PM

PLEASE DO THE NEEDFULL TO SETTLE TIMELY

Sales for the past 12 months at XYZ Company are given here.      
ALPHA=0.6   MAD 
Month  SALES(At) 3 Month Weight moving avg ESMOOTHING(Ft) error |error|
jan 20   22    
feb 24   21    
mar 27   23    
apr 31 25 25 6 6
may 37 29 29 9 9
jun 47 33 34 14 14
jul 53 41 42 12 12
aug 62 48 48 14 14
sep 54 57 57 -3 3
oct 36 57 55 -21 21
nov 32 46 44 -14 14
dec 29 37 37 -8 8
JAN   31 32   11
          MAD=11
           
Note that for Calculating Exponential smooth value first given forcaseting 22    
           
Exponential Smoothing FORMULA' Weightage More recent more weitght basis 0.5 0.3 0.2
Ft+1=Ft+α(At-Ft)        
Ft+1=αFt+(1-α)Ft        
(1-alpha)=1-0.6=0.4        

RSS

Looking For Something? Search Below

VIP Member Badge & Others

How to Get This Badge at Your Profile DP

------------------------------------

Management: Admins ::: Moderators

Other Awards Badges List Moderators Group

Latest Activity

Mani Siddiqui posted a status
"کوئی تو ہو جو گھبرائے میری خاموشی سے ‏کسی کو تو سمجھ آئے میرے لہجے کا دکھ"
5 minutes ago
ልጠክል ጌዘልፕፕጎ replied to ልጠክል ጌዘልፕፕጎ's discussion !!!!!!!!!!!!HAPPY FATHER'S DAY!!!!!!!!!!
19 minutes ago
Mani Siddiqui posted a status
"Pakistan’s Haroon Khan has claimed a bronze medal at the 24th Asian Taekwondo Championship in Beirut, Lebanon"
35 minutes ago
Mani Siddiqui liked Honey Chaudhary's discussion Sabit to kar
55 minutes ago
Saba liked Honey Chaudhary's discussion Sabit to kar
1 hour ago
Mani Siddiqui commented on Mani Siddiqui's blog post Tu Mujha Souch Kabhi
1 hour ago
Blessing commented on Honey Chaudhary's photo
2 hours ago
+ ₱ɆⱤ₣Ɇ₵₮ ҉S҉M҉O҉K҉ER ⱫɆⱠⱠłsH ♥♥ commented on Honey Chaudhary's photo
2 hours ago

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service