(a) Provide examples of make-to-stock, assemble-to-order, and make-to-order prod
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Question
(a) Provide examples of make-to-stock, assemble-to-order, and make-to-order products available in your area. What advantages do you see in moving from make-to-stock to assemble or make-to-order?
(b) The following tabulations are actual sales of units for six months and a starting forecast in January. Calculate forecasts for the remaining five months using simple exponential smoothing with ? =0.3. (Hint: Read the Exponential Smoothing Forecasting section and the following example explained in Figure 3.13 on page 70 of your textbook.)
Actual
Forecast
January
200
150
February
188
March
220
April
160
May
130
June
188
Actual
Forecast
January
200
150
February
188
March
220
April
160
May
130
June
188
Explanation / Answer
B)
Actual Forecast Jan 200 150.0 Feb 188 165.0 0.3*200+(1-0.3)*150 Mar 220 171.9 0.3*188+(1-0.3)*165 April 160 186.3 0.3*220+(1-0.3)*171.9 May 130 178.4 0.3*160+(1-0.3)*186.3 June 188 163.9 0.3*130+(1-0.3)*178.4Related Questions
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