MGT 311 SEU Operations Management Supply Chain

Description

Assignment Question(s):(Marks 5)

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Question 2:

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

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Week	1	2	3	4	5	6
Demand	649	524	561	738	515	598

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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, 7^th Edition (2018), ISBN 978-1-259-71877-9 by Roger G. Schroeder and Susan Meyer Goldstein

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