Final Project Assignment SCM 301
Overview of the Case Analysis
We have discussed many concepts in SCM 301 related to planning, sourcing, making and delivering products and services. The purpose of this case analysis is to integrate the different elements of the course and to apply tools you have...
Year MFE
201416,50013,1253,3753,37520.5% 5,713 201523,65015,6008,0508,05034.0%
Wt 0.65 11,42511,42554.5%
Wt-1 0.35
Values 2
Year MFE
201416,50013,8802,6202,62015.9% 5,180 201523,65015,9107,7407,74032.7%
α0.80 10,36010,36048.6%
Values 2
Weighted Moving Average AND Exponential Smoothing
Exponential Smoothing uses α = 0.8.Actual DemandWeighted Moving Average ForecastForecasted Error (FE)Absolute Deviation (AD) positiveAbsolute % error (APE)
Actual DemandExponentia
l ForecastForecasted Error (FE)Absolute Deviation (AD) positiveAbsolute % error (APE)
1) Calculate the measures of annual forecast accuracy for FY 2014 and FY2015 using the MFE, MAD and MAPE. Do these forecasts seem adequate for the purposes of decision-making? Why or why not?
Weighted Moving Average uses Wt = 0.65 and Wt-1 =0.35.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Timeless2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $21.98. You're not tied to anything after your purchase.