Answer:
175.36
Explanation:
Given that,
Demand data for various month is given.
Forecast for July = 164
Alpha = 0.8
Calculation of forecast by using the exponential smoothing method:
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
F(t+1) represents forecast value of (t+1)
∝ = Smoothing constant
Y(t) = Actual value of period t
F(t) = Forecast of period t
For the month of July,
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
= (0.8 × 165) + [(1 - 0.8) × 164]
= 132 + 32.8
= 164.8
For the month of August,
F(t+1) = ∝Y(t) + (1 - ∝)F(t)
= (0.8 × 178) + [(1 - 0.8) × 164.8]
= 142.4 + 32.96
= 175.36
Therefore, the forecast for August is 175.36 if the forecast for June was 164.
The correct answer to this open question is the following.
Although there is no further information about the case of study, we can say that the question possible refers to the case where the name of the company is just "The Client." The name of the document is "Leading Innovation Change - The Kotter Way."
This case refers to the challenges faced by an organization when it is time to innovate. Many members want to innovate but the culture of the company or the lack of proper leadership from managers often hinders the innovation efforts of the company.
So some of the elements of Kotter's Eight Stages of Leading Change that were included in the case were the following.
Create Urgency. The creation of new products of the company was limited and was not enough to compete in the future. A sense of urgency was needed to implement innovation.
Form a Powerful coalition. The company had to be very selective about the kinds of products that could help it to successfully compete in the future. The company had to use the best it had to establish priorities.
Create a vision for change. It was critical for the company to establish a new vision to get the results it needed. A renovation of the processes to face new necessities was imperative. Change has to be part of every member's mind.
Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.
A cost that remains unchanged in total despite variations in the volume of activity within a relevant range is a fixed cost. The fixed cost is a type of cost behavior which remains unchanged regardless of the unit or activity changes in a production process<span>. There are four types of cost behavior, which are the fixed cost, the variable cost, the mixed cost, and the step cost.</span>
Answer:
sunk costs
I'm assuming this is multiple choice, but since you haven't provided any of the options I dont know if this will be correct.
Explanation:
Answer:
B) to pay your roommate at least $100 but no more than $200 to clean up after herself
Explanation:
According to the Coase theorem, you should work a solution that benefits both Linda and yourself. Since Linda's benefits for being messy = $100, and your costs for her being messy = $200, then you should offer Linda an amount of money that is between $100-$200 so that she cleans her mess.
The Coase theorem states that disputing parties should negotiate an economically optimal solution, regardless of what originated the problem or who had the property rights at the beginning.
In this case Linda is responsible for all the mess but it will not help you to just complain about it, instead you should find an economical solution to the problem.
