MGT613 – Production & Operations Management
Production & Operations Management – MGT613Table below shows its annual sales, demand and production demand over the period 1998 to 2005 (For both canvas and parachute material tents).TABLE , ANNUAL VALUES OF SALES, DEMAND AND PRODUCTION FOR PAKORGYEAR19981999200020012002200320042005SALES214,200202,100192,500189,000198,300213,400241,400231,100DEMAND150,000155,000125,000200,000225,000245,000175,000185,000PRODUCTION155,000155,000185,000185,000185,000185,000185,000185,000Identify the sales trend over the period shownDo the demand figures show cyclical fluctuations?What happens on the sales trend if there is a prolong summer or a tragic incident like an earthquake or a flood.Compute a three year and five year moving average demand forecast for both types of tents for the last five years (2001 to 2005).The management provides a smoothing constant value of 0.1 and 0.6 and asks to record the differences between actual and forecaster demand values. The spread is narrow and wider for which smoothing constant?
