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OPM 511 Operations Management
Task
Instructions
1- Download the assignment, write your answers (use blue color), and save it as a PDF.
2- This assignment should be submitted in PDF Format.
3- Excel file should be submitted with the assignment (Show all calculations and figures).
4- Do the assignment yourself. Use your own words. Copying the assignment is not acceptable.
5- The due date for this assignment is Monday, November 15, 2021, at 11:00 pm. The assignment should be submitted on the blackboard.
6- Late assignments will not be accepted at all.
(Note: Failing in following any point of the above-mentioned instructions will lead to marks
deduction)
Question 1: (2.5 marks)
In the case study that you read, what was the forecast model that was used by the intern? What was the value of the smoothing constant that was considered by the intern when calculating the forecast? How can the optimal value of the smoothing constant be determined?
Question 2: (2.5 marks)
In the same case study, use the sales data in the table and apply the same forecast method when α = 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7, 0.8, 0.9, and 1. What is the best value for α? What does the best value of α indicate or show in regard to the forecast model? (Hint: Use Microsoft Excel to solve the question)
Question 3: (2 marks)
Use the control chart to determine if the forecast of the best value of α is in control? What does the result indicate? (Hint: Use Microsoft Excel to solve the question and 2 sigma (z) control limits)
OPM 511 Operations Management
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