A greater number of jobs in the system implies what?
a) a higher work-in-process inventory level and a longer response time
b) a lower work-in-process inventory level and a longer response time
c) a higher work-in-process inventory level and a shorter response time
d) a lower work-in-process inventory level and a shorter response time
e) more jobs will certainly be tardy.
A recent change in supply chain management has been the:
a) need for faster computers.
b) green supply chain management requirement.
c) requirement for advanced educational degrees.
d) increased government regulation.
e) need for smaller ocean transportation methods.
Suppose that Jane’s company uses exponential smoothing to make forecasts. Further
suppose that last period’s demand forecast was for 500 units and last period’s actual
demand was 480 units. In addition, yesterday Jane found out that this period’s actual
demand will be for 550 units. Jane’s company uses an α value of .20. Today, Jane’s
boss asked her to prepare a forecast for this period. What should that forecast be?