MNGT 334-01 Supply Chain Management Spring 2018 Individual Assignment #3 Please
ID: 329791 • Letter: M
Question
MNGT 334-01 Supply Chain Management Spring 2018 Individual Assignment #3 Please note that you need to show all the steps of your calculations to receive full credit. Also, please make sure your writing is clearly readable. This assignment is due on2018 1. Lauren's Beauty Boutique has experienced the following weekly sales: att Week Salestd 432, 415 458 Forecast sales for week 6 using the naive method, a simple áverage, and athree.psriod moving average osa's Italian restaurant wants to develop forecasts of daily demand for the next week. The restaurant is closed on Mondays and experiences a seasonal pattern for the other six days of the week. Mario, the manager, has collected information on the number of customers served each day for the past two weeks. If Mario expects total demand for next week to be around 350, what is the forecast for each day of next week? Number of Customers Week 1 Week 2 Day Tuesday Wednesday Thursday Friday Saturday Sunday 52 36 35 89 98 65 48 32 30 97 69Explanation / Answer
Please find below answer to question 1 :
Forecast for week 6 using Naïve method = Actual sales for week 5 = 460
Forecast for week 6 using simple average
= (Sales week 1 + Sales week 2 + Sales week 3 + sales week 4 + sales week 5 ) / 3 = ( 432 + 396 + 415 + 458+ 460 ) /5 = 432.2
Forecast for week 6 using 3 period moving average
= ( Sales week 3 + Sales week 4 + sales week 5 ) / 3 = ( 415 + 458 + 460 ) /3 = 444.33
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