MGT 311 Saudi Moving Average Method for Forecasting Future Demand Questions: Management Answers 2021

MGT 311 Saudi Moving Average Method for Forecasting Future Demand Questions: Management Answers 2021

Question Title:

MGT 311 Saudi Moving Average Method for Forecasting Future Demand Questions

Full Question:

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College of Administrative and Financial Sciences
Assignment 2
Deadline: 03/04/2021 @ 23:59
Academic Year: 2020-21
Course Name: Intro. to Operations Management
Student?s Name:
Course Code: MGT311
Student?s ID Number:
Semester: II
For Instructor?s Use only
Instructor?s Name:
Students? Grade: XX/ 05.00
Level of Marks: High/Middle/Low
? The Assignment must be submitted on Blackboard (WORD format only) via allocated
? 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
Assignment Question(s):
(Marks 5)
Question 2:
An Electronic Company estimates the annual demand for a certain product as follows:
a. Forecast the demand for week 7 using a five-period moving average? (Marks
1.5) (word count maximum:100)
b. 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
c. Forecast the demand for week 7 using exponential smoothing. Use ? value of .1
and assume the forecast for week 6 was 602 units? (Marks 1.5) (word count
d. What assumptions are made in each of the above forecasts? (Marks 0.5) (word
count maximum:150)

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