Question 1

The Bozo Sales Company has had sales for the years 2004 through 2007 have been
$50,000, $64,000, $67,000, and $80,000, respectively.
a. What sales would you predict for 2008 using a weighted moving average with weights of 0.40 for the immediate preceding year and 0.30, 0.20, and 0.10 for the three years before that?
b.What sales would you predict for 2008 using a simple four-year moving average?
c.Are the answers in a and b the only predictions to use? Why?

Accepted Answer

The answer of The Bozo Sales Company has had sales...

Question 2

Super Electronics, Inc. is a specialist in the emerging field of microcomputers. The firm currently produces two products: a personal computer with the label GE-1000 and a small computer with the label GE-2000. The company has set up two modern production assembly lines. The assembly time requirements, the production capacities of assembly lines, and the unit profit for the two products are as follows: $$\begin{array} { | l | c | c | c | } \hline & \begin{array} { l } \text { Production } \ \text { GE-1000 } \ \text { Hours/unit } \end{array} & \begin{array} { l } \text { Production } \ \text { GE-2000 } \ \text { Hours/urit. } \end{array} & \begin{array} { l } \text { Production } \ \text { Capacity } \ \text { Hours/week } \end{array} \ \hline \text { Assembly line 1 } & 4 & 2 & 80 \ \hline \text { Assembly line 2 } & 1 & 3 & 60 \ \hline \text { Unit profit } & \$ 150 & \$ 250 & \ \hline \end{array}$$ The management of Galaxy Electronics is attempting to determine the best possible weekly production schedule for GE-1000 and GE-2000 to maximize total profit. Do Not Solve!!! What is the problem? Give (in mathematical terms): Decision Variables - Objective Function - Constraints -

Accepted Answer

The answer of Super Electronics, Inc. is a specialist in...

Question 3

WP Machine shop makes deluxe and regular skis on a weekly schedule for the area skiing enthusiasts. They also supply both regular and deluxe skis to local sporting goods stores. A deluxe pair of skis requires 40 minutes for roughing and 20 minutes for finishing, whereas a regular pair of skis requires 20 minutes for roughing and 27 minutes for finishing. With only 1,000 minutes for roughing and 800 minutes of finishing time available per week and a profit realization of 4 Euros and 3 Euros for the deluxe and regular, respectively, what weekly mix of the two types of skis should be produced to meet the contract's requirement and maximize profits. Do Not Solve!!! -What is the problem? Give (in mathematical terms): -Decision Variables - -Objective Function - -Constraints -

Accepted Answer

The answer of WP Machine shop makes deluxe and regular...

Question 4

The Blue Manufacturing Company has had sales for the years 2006through 2009 have been $48,000, $64,000, $67,000, and $83,000, respectively.
a. What sales would you predict for 2010 using a weighted moving average with weights of 0.50 for the immediate preceding year and 0.30, 0.15, and 0.05 for the three years before that?
b.What sales would you predict for 2010 using a simple four-year moving average? 
c.Are the answers in a and b the only predictions to use? Why?

Accepted Answer

The answer of The Blue Manufacturing Company has had sales...

Quiz 1: Introduction to Engineering Management