PRODUCTION AND OPERATIONS MANAGEMENT(MGT613)Problem:The Pizza Point is a small restaurant catering to the customers who have a taste for oriental pizza. The manager forecasts the demand on weekly basis for this type of pizzas so that he can order ingredients weekly. Recently demand has been as follows:WeekDemand of PizzasApril 250April 965April 1652April 2356April 3055May 760May 1456May 21Forecast the demand for pizza for April 23 – May 21 by using simple moving average method with n = 3.Using the same data forecast for April 23 – May 21 with weighted moving average method where n and weights are 0.50, 0.30, 0.20. Apply 0.50 to the most recent demand.Use the exponential smoothing method to forecast the demand of pizzas for April 9 – May 7; where smoothing constant (alpha) α = 0.1. AssumeRecord the results of your calculation in given tabular format as below:WeekDemand of PizzasForecastForecastForecast(simple(weightedα .1moving Avg)moving Avg)April 250April 965April 1652April 2356April 3055May 760May 1456May 21
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more