Logistics Assignment
Question I:
Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.
Question II:
Read Problem 6 in Chapter 6 of your textbook. Calculate and answer parts a through d. Include all calculations and spreadsheets in your post. Explain why the moving average method was used instead of another forecasting method. What might be another forecasting method that could prove to be just as useful? Your initial post should be 200-250 words.
Problem 6:
The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.
Year Mergers
2000 46
2006 83
2001 46
2007 123
2002 62
2008 97
2003 45
2009 186
2004 64
2005 61
2006 83
2007 123
2008 97
2009 186
2010 225
2011 240
1) Calculate a 5-year moving average to forecast the number of mergers for 2012.
2) Use the moving average technique to determine the forecast for 2005 to 2011. Calculate measurement error using MSE and MAD.
3) Calculate a 5-year weighted moving average to forecast the number of mergers for 2012. Use weights of 0.10, 0.15, 0.20, 0.25, and 0.30,with the most recent year weighted being the largest.
4) Use regression analysis to forecast the number of mergers in 2012.
Format your assignment according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.