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1. Explain why capacity planning is important to a business.
2. What are decision trees, and how do they help us make better decisions? 3 Joe’s Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective capacity, however, is 250 hamburgers per day. Lately Joe has noticed that output has been 300 hamburgers per day. Compute both design and effective capacity utilization measures. What can you conclude? 4 Explain some of the factors to be considered in selecting a forecasting model. 5 What are the main types of data patterns? Give examples of each type.

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SheetalFromSOFA+ 915 TUTOR Posted 1424. Sold 1840. Asked 2. Solution preview:

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forecasting.doc
* Explain why capacity planning is important to a business
* What are decision t***** *** *** ** **** **** ** **** ****** decisions? * ******* ***** ****** *** determined **** *** production ******** *** * ****** ******** ** *** hamburgers *** *** *** effective capacity, ******** ** *** hamburgers *** *** ****** *** *** ******* **** ****** *** **** *** hamburgers *** *** ******* **** ****** *** effective ******** utilization ***** **** *** *** conclude? * ******* **** ** *** ******* ** ** considered ** selecting * forecasting ***** * **** *** *** **** ***** ** **** patterns? **** ******** ** **** ****
* ******** ******** ** important ** * ******** ******* ** ***** ******* *** personnel *** equipment **** *** ****** *** * ******** *** ***** *** **** ** *** budgeting ******* ** * ****** *** ** ** ******** ******** **** *** **** **** important decisions ****** scalability *** *** **** collected ******* ******** ******** ***** *** ******* operations ** *** **** *** **** determine *** ****** ** ***** ****** *** ** ******* *** instance, ** *** ******* *** ****** *** equipment *** ** **** ** ******* ** *** ****** ** ****** ***** ***** **** **** ******** ******** *** ****** ** ** *** ****** ** * ******* equipment ** ***
* * ******** **** ** * graphical representation ** ******** solutions ** * ******** ***** ** ******* conditions **** **** ** ** ****** ****** decisions ******* **** **** ** ******* ****** *** *** ******* *** *** ******* ******* Secondly, **** **** ** ******* ***** *** ******** consequences ** * ******** ******** *** *** ******** *** **** calculate *** probabilities ** *** ******* ******* ** ***** **** **** ** **** *** consequences ** *** ******* decisions ******* ******** ****** *** decisions
*
****** capacity= *** hamburgersday
Effective capacity= *** hamburgersday
* ******* **** ****
* ******* ****
* ******* **** ** *** ******* ** ** considered ** selecting * forecasting *****
**** ******* ** ** considered ** selecting * forecasting ***** *** *** **** ** **** ** ** ******** *** *** forecasting ******* *** instance, exponential smoothing ** **** ****** *** ***** ******** ******* *** *** **** ****** ** ***** *** ******* ******** *** ****** ** ******* affecting *** **** ***** ******** ** **** ** important ******Price: $28.00

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