Given an actual demand this period of 61, a forecast for this period of 58, and an alpha of 0.3, what would the forecast for the next period be using exponential smoothing?

The reorder point is the inventory level at which action is taken to replenish the stocked item.

In a retail environment, there is no need to hold inventory because retailers can perfectly predict when shoppers will show up and what they wish to purchase.

A time-series trend regression equation is y=22.3 + 4.1x. What is your forecast for period 7?

What is the forecast for May using a three-month weighted moving average with weights=.6 for the most recent, .3 for the month before, and .1 for two months ago? Nov. Dec. Jan. Feb. Mar. April 39 36 40 42 48 44  

Demand for ice cream at the Ouachita Dairy can be approximated by a normal distribution with a mean of 15 gallons per day and a standard deviation of 5 gallons per day. The management desires a service level of 90%. Lead time is four days. What reorder point would be consistent with the desired service level in an EOQ model?

The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.

A restaurant runs a special promotion on lobster and plans to sell twice as many lobsters as usual. When this large order is sent to the distributor, the distributor assumes the large size is a trend, not a one-time event. The distributor therefore places an even larger order with the lobsterman. This behavior is the result of which of the following?

In traditional “wholesale price contracts”, the buyer specifies the precise quantity required and then to pay the supplier a cost per unit for the order.

Consider the following product structure. If the demand for product A is 50 units, how many units of component G will be needed?