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Surname 1 Student’s Name Professor’s Name Course Date Supply Chain Analytics Question
1 a)The exponential smoothing forecast at α= 0.15 was 73
b)The exponential Smoothing forecast at α=0.35 was 76
c)The simple average moving at a window of 2 forecast was 72
d)The simple average moving at a window of 3 forecast was 76
e)The weighted moving average forecast was at 288
f)I would prefer the average moving method since its easier and appears to be more accurate than the MAD method Question
2 a)The Objective function was to minimize the shipping cost.
b)The constraints were: 2800, 2700, 3500, 3200,3200,3200
c)The total pounds of material that was transported from Wright Patterson was 3000 pounds
d)The total pounds of materials that was transported from Andrews was 3200 pounds
e)The total pounds of materials transported from Langley was 2800
f)The total cost of the distribution networks was 61000$Question
3 a)I) The retailer should order a total of 600 widgets
ii) The expected profits from Sony and the retailer are 3000 and 4800 respectively
Surname 2
iii) The total profit of the supply chain is 7800 b)I) The retailer should order 600 number of widgets
ii) The expected profit from Sony and the retailer is 1800 and 6000 respectively
‘iii) The total profit of the supply chain is 7800 c)I) The retailer should order 600 widgets
ii) the expected profit from Sony and the retailer is 3744 and 4836 respectively.
iii) the total profit of the supply chain is 8580 Question
4 a)Cost of overstocking and understocking Mu (μ) = 800 Standard deviation (σ) =200Price per T-shirt = $15 Introduction price = $60 The cost of overstocking is calculated as 1000 x 15 = $ 15000 The cost of under stocking is calculated as 600 x 15 = $9000 b)The units to be acquired for sale are1000-600 =400 units. c)The expected profit is 400x 60 =$24000 d)The number of t-shirts disposed on average are 800 400 – =400 t-shirts e)The number of t-shirts the retailer should order. 400 / 2
Surname 3 = 200 t-shirts The expected profit would be No./2 x 1000 =200000 200,000+ 24000 =$224,000 Question 5 a)The NVP of the current manufacturing set up is R5097520.66 b)The NVP of the revised manufacturing set up is R5385123.97 c) The manufactures should increase the capacity in Bangladesh since it will increase the total NVP from R5097520.66 to R5385123.97.
