Answer:
No they just want to look rich
Answer:
The forecast for the year 2012 with an alpha value of 0.20 = 366.04.
Explanation:
The first step in order to solve this question/problem is to calculate or determine the Exponentially smoothed forecast for a period of time, t using the values of average demand for 2005 through 2007, that is to say;
Exponentially smoothed forecast for a period of time, t using the values of average demand for 2005 through 2007 = [actual sales in 2005 + actual sales in 2006 + actual sales in 2007]/ 3.
Therefore, Exponentially smoothed forecast for a period of time, t using the values of average demand for 2005 through 2007 =[ 281 + 367 + 409]/3 = 1057/3 = 352.3.
Since we are asked to use the smoothed value calculated as of the end of 2012. Use the average demand for 2005 through 2007 as your initial forecast for 2008, then, we have that for 2008 the forecast = 352.3.
Therefore, the forecast from the year 2009 through to the year 2012 can be calculated as given below;
The forecast for the year 2009 with an alpha value of 0.20 = 0.2 × 467 + [1 - 0.2] × 352.3 = 375.24.
The forecast for the year 2010 with an alpha value of 0.20 = 0.2 × 369 + [1 - 0.2] × 352.3 = 355.64.
The forecast for the year 2011 with an alpha value of 0.20 = 0.2 × 511 + [1 - 0.2] × 352.3 = 384.04.
The forecast for the year 2012 with an alpha value of 0.20 = 0.2 × 421 + [1 - 0.2] × 352.3 = 366.04.
Answer:
Comparing Total cost at EOQ = 895 and Q = 1100 . we find that the total cost is minimum at Q =1100. Therefore firm should order 1100 or more.
Explanation:
Annual Demand = 10,000 units
Ordering cost = $80
Holding Cost = 20% = 0.2
less than 1100 price $10
more than 1100 price $8
EOQ when p = $10
EOQ = sqrt((2 * 10,000 * 80) / (0.2*10)) = 894.43 = 895 units
Total Cost at EOQ
TC = (Annual demand * Unit price) +((Annual demand / Quantity) * Ordering cost) + (( Quantity / 2 ) * Holding rate * Unit Price)
TC = (10,000 * 10) + ((10,000 / 895) * 80) + ((895/2) * (0.2 * 10) = $1,01,788.85
Now for ordered quantity 1100 or more
TC at Q = 1100
TC = (10,000 * 8) + ((10,000 / 1100) * 80) + ((1100/2) * (0.2 * 8) = $81607.27
Comparing Total cost at EOQ = 895 and Q = 1100 . we find that the total cost is minimum at Q =1100. Therefore firm should order 1100 or more.
Answer: True
Explanation: A part of population having one or more characteristics, grouped together for the purpose of marketing is called market segmentation. Market segmentation population have two or more common characteristics.
Market segmentation can be done on various different basis like geography, age or gender etc.
Hence, from the above explanation we can conclude that the statement is true.
