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Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
Edition 1ISBN: 978-0077426903Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
Edition 1ISBN: 978-0077426903 Exercise 3
You have become concerned about the amount of copier paper used in your office after repeatedly running out of supplies.Your assistant keeps track of the number of reams (packages of 500 sheets)for 24 weeks: 
a.Compare the effectiveness of two-week, four-week, and six-week moving averages.Which should you use to forecast copier paper use during the next week.
b.Compare the performance of the simple exponential smoothing model with smoothing constants of 0.01, 0.05, and 0.25.Assume a forecast for Week 1 of 230 reams.Which constant worked best?
a.Compare the effectiveness of two-week, four-week, and six-week moving averages.Which should you use to forecast copier paper use during the next week.b.Compare the performance of the simple exponential smoothing model with smoothing constants of 0.01, 0.05, and 0.25.Assume a forecast for Week 1 of 230 reams.Which constant worked best?
Explanation
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a)
Moving average is the forecasting tec...
Managing Operations Across the Supply Chain 1st Edition by Morgan Swink,Steven Melnyk,Bixby Cooper, Janet Hartley
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