Suppose a manufacturer wants to develop a forecast for a powerful handheld milk foam maker for gourmet coffee. Which method will help the manufacturer capture the experience and intuition of their management team?

Expected task time:  ES = Earliest Start = Max (EF of all immediate predecessors) EF = Earliest Finish = ES + Activity time LF= Latest Finish = Min (LS of all immediate successors) LS = Latest Start = LF  – Activity time Slack = LS – ES      or      Slack = LF – EF Using Table 4, type in the correct whole number for each task’s expected task time (te) earliest start time (ES) earliest finish time (EF) latest start time (LS) latest finish time (LF), and Type Yes or No in the space provided to indicate whether the task is a critical task. NOTE: If you are unable to select any of the cells toward the right-hand side of the PERT Table, please click on a cell within the same row on the left-hand side of the table and use the ‘Tab’ key to tab over to the cell you would like to edit.  Table 4 PERT Problem Project Tasks: Times Are in Hours.  Note:  Immed Predec=immediate predecessors, a=optimistic, m=most likely, b=pessimistic, te=expected task, ES=earliest start, EF=earliest finish, LS=latest start, LF=latest finish task times. Task Immed Predec a m b te ES EF LS LF Slack Critical (whole #) (whole #) (whole #) (whole #) (whole #) (whole #) (Yes/No) A — 4 6 32 [t1] [ES1] [EF1] [LS1] [LF1] [slack1] [critical1] B A 7 8 27 [t2] [ES2] [EF2] [LS2] [LF2] [slack2] [critical2] C A 3 6 27 [t3] [ES3] [EF3] [LS3] [LF3] [slack3] [critical3] D B, C 10 10 10 [t4] [ES4] [EF4] [LS4] [LF4] [slack4] [critical4]

Expected task time:  ES = Earliest Start = Max (EF of all immediate predecessors) EF = Earliest Finish = ES + Activity time LF= Latest Finish = Min (LS of all immediate successors) LS = Latest Start = LF  – Activity time Slack = LS – ES      or      Slack = LF – EF Using Table 4, type in the correct whole number for each task’s expected task time (te) earliest start time (ES) earliest finish time (EF) latest start time (LS) latest finish time (LF), and Type Yes or No in the space provided to indicate whether the task is a critical task. NOTE: If you are unable to select any of the cells toward the right-hand side of the PERT Table, please click on a cell within the same row on the left-hand side of the table and use the ‘Tab’ key to tab over to the cell you would like to edit.  Table 4 PERT Problem Project Tasks: Times Are in Hours.  Note:  Immed Predec=immediate predecessors, a=optimistic, m=most likely, b=pessimistic, te=expected task, ES=earliest start, EF=earliest finish, LS=latest start, LF=latest finish task times. Task Immed Predec a m b te ES EF LS LF Slack Critical (whole #) (whole #) (whole #) (whole #) (whole #) (whole #) (Yes/No) A — 5 7 33 [t1] [ES1] [EF1] [LS1] [LF1] [slack1] [critical1] B — 3 7 29 [t2] [ES2] [EF2] [LS2] [LF2] [slack2] [critical2] C A, B 5 8 17 [t3] [ES3] [EF3] [LS3] [LF3] [slack3] [critical3] D C 12 12 12 [t4] [ES4] [EF4] [LS4] [LF4] [slack4] [critical4]

Multifactor productivity  If the manufacturer of a powerful handheld milk foam maker for gourmet coffee uses 12 labor hours at $24 per hour, material cost $6.10 per foam maker, and overhead cost $1 per foam maker to manufacture 500 foam makers, then multifactor productivity is ___________________  foam makers per dollar. Enter the correct number to two decimal places.

Suppose a manufacturer wants to develop a forecast for a powerful handheld milk foam maker for gourmet coffee that has been on the market for ten weeks. Which method supports the manufacturer’s belief that the average demand over the past two weeks is likely next week?

Multifactor productivity  If the manufacturer of a powerful handheld milk foam maker for gourmet coffee uses 12 labor hours at $18 per hour, material cost $6.90 per foam maker, and overhead cost $1 per foam maker to manufacture 500 foam makers, then multifactor productivity is ______________________ foam makers per dollar. Enter the correct number to two decimal places.

Suppose a manufacturer wants to develop a forecast for a powerful handheld milk foam maker for gourmet coffee. Which method will help the manufacturer consider the views of technology experts to forecast demand over the next year?

Suppose a manufacturer wants to develop a forecast for a powerful handheld milk foam maker for gourmet coffee that has been on the market for 24 months. Which method supports the manufacturer’s belief that the forecast should place little weight on recent demand and take many months of historical values into account for the forecast next month? 

An analytics consulting company runs a popular analytics software webinar. Using Table 1, determine the Naïve forecast for day 7 and enter the correct whole number. Table 1. Analytics Software Training Webinar Attendance Day Participants 1 89 2 91 3 97 4 94 5 83 6 99

Suppose a manufacturer wants to develop a forecast for a powerful handheld milk foam maker for gourmet coffee. Which method will help the manufacturer consider the views of their technology sales representatives to forecast demand over the next quarter?