MGT 311 #2
007A
College of Administrative and Financial Sciences
Assignment 2
Deadline: 03/04/2021 @ 23:59
Academic Year: 2020-21
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Course Name: Intro. to Operations Management |
Student’s Name: |
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Course Code: MGT311 |
Student’s ID Number: |
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Semester: II |
CRN: |
For Instructor’s Use only
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Instructor’s Name: |
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Students’ Grade: XX/ 05.00 |
Level of Marks: High/Middle/Low |
Instructions – PLEASE READ THEM CAREFULLY
· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
· 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 operation.
Assignment Question(s): (Marks 5)
Question 2:
An Electronic Company estimates the annual demand for a certain product as follows:
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Week |
1 |
2 |
3 |
4 |
5 |
6 |
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Demand |
649 |
524 |
561 |
738 |
515 |
598 |
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 maximum:100)
c. 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)
d. What assumptions are made in each of the above forecasts? (Marks 0.5) (word count maximum:150)