Question : 1) When new products show a steady increase in sales, : 2065998

1) When new products show a steady increase in sales, a low alpha value for the smoothing constant should be used in conjunction with the exponential smoothing technique in order to minimize forecast errors.

2) The double smoothing technique adds twice the forecast error to last period's actual demand to arrive at a forecast.

3) The naive approach to forecasting makes use of the linear regression technique.

4) A moving average forecast is more responsive to changes in the historical demand when a higher value of n is used—i.e., when more demand periods are used in computing the forecast.

5) An advantage of the weighted moving average technique is that recent demand periods can be given more importance than older demand periods.

Solution

5 (1 Ratings )

Solved

Supply Chain Management 2 Years Ago 516 Views

This Question has Been Answered!

View Solution

Related Answers

1) Production smoothing is balancing the cost of set-ups with inventory carrying costs. 2) Service level is the probability that an item will be available in...
1) The two important inventory decisions in managing inventory for independent demand items are how much to order and which vendor to use. 2) In managing...
6) In ABC inventory analysis, C items typically represent about 15 percent of the number of items but 80 percent of the usage. 7) In a...
11) In ABC inventory analysis, items that account for only up to 10% of the revenue but for a majority of the inventory items are...
16) Demand that is calculated from a parent item is called ________. 17) In managing inventory for independent demand items, the two important decision queries...
1) The EOQ inventory model helps determine the quantity to order to minimize costs. 2) Because price isn't a factor in the EOQ formula, quantity discounts...
6) In inventory models, a quantity discount will lower the reorder point. 7) What will be the effect on total ordering costs (calculated over multiple orders)...
11) When determining the Economic Order Quantity (EOQ) with quantity discounts, which cost is included in addition to the costs considered in the basic EOQ...
16) Which one of the following is not an assumption of the basic EOQ model? A) Demand is unknown and variable B) Lead times are fixed and...
20) The order quantity at which total annualized inventory-related costs are minimized is known as the ________. 21) Extra stock held in anticipation of variable demand...

Question : 1) When new products show a steady increase in sales, : 2065998

Solution 5 (1 Ratings )

Solution

5 (1 Ratings )