MGT 311 #2

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NewMGT311Assignment2.docx

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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

CRN:

For Instructor’s Use only

Instructor’s Name:

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:

Week

1

2

3

4

5

6

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)