Monday, February 25, 2019

Forecasting and New Car Registrations

1. There atomic number 18 3 primary shipway to achieve competitive advantage. Provide an example, not included in the textual matter of each. Support your choices. 2. Why should one study operations management? 3. excuse how higher quality can lead to lower cost. 4. What happens to our ability to count on as we forecast for periods farther into the future? 5. What are the differences between goods and operate? 6. Explain the 3 basic functions of a firm. 7. How must an operation scheme interact with marketing and accounting? 8.Kleen carpet cleaned 65 rags in October, devour the following resources Labor Solvent Machine rental520 instants at $13 per hour 100 gallons at $5 per gallon 20 days at $50 per day a)What is the labor yieldivity? b)What is the multifactor productivity? c)What is the percentage channelize if Kleen Carpet can reduce the solvent used by 20 gallons? 9. Data collected on the yearly registration for a seminar at GIPS are shown in the following table Year 123 4567891011 Registrations (000)464510879121415 a)Develop a 3-year paltry modal(a) to forecast registration from year 4 to year 12. )Estimate demands once again for years 4 to 12 with a weighted moving average in which registration in the most recent year are given a weight of 2 and registration in the early(a) 2 years are given a weight of 1. c)Graph the pilot data and the two forecasts. Which of the two forecasting methods seems better? 10. City political sympathies has collected the following data on annual sales assess collections and new car registrations. Annual sales tax collections (in millions)1. 01. 41. 92. 01. 82. 12. 3 untried car registrations ( in thousands)10121516141720 Determine the following )The least square regression equation. b)Use the results of part a, find the estimated sales tax collections if new car registrations score 22,000. 11. How does the operation management strategy change during a products lifecycle? 12. How does fear in the work place or class room inhibit development? 13. What is the difference between production and productivity? 14. Pepsi is a global product does it mean Pepsi is formulated the same way throughout the world? 15. position how changes in the internal environment affect the OM strategy for a company.For causa discuss what impact the following internal factors might have on OM strategy a)Maturing of a product. b)Technology innovation in the manufacturing process. c)Changes in product devise that move disk drives from 3 1/2-inch floppy disks to CD-ROM drives. 16. get a line how changes in the external environment affect the OM strategy for a company. For showcase discuss what impact the following internal factors might have on OM strategy a)Major increase in oil prices. b)Fewer young prospective employees first appearance the market. c)Inflation versus stable prices. d)Legislation moving health insurance from a benefit to a

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