Purchase Solution

Productivity and actual and forecast demand levels

Not what you're looking for?

Ask Custom Question

1. Lori produces Final Exam Care Packages for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages.

a.) What is Lori's productivity?
b.) Lori thinks that by redesigning the package, she can increase her total productivity to 133 care packages per day. What will be her new productivity?
c.) What will be the percentage increase in productivity if Lori makes the change?

2. Consider the following actual and forecast demand levels for hamburgers at a local restaurant:

Day Actual Demand Forecast Demand
Monday 88 88
Tuesday 72 88
Wednesday 68 84
Thursday 48 80
Friday

The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25. Using this exponential smoothing method, what is the forecast for hamburger demand for Friday?

Purchase this Solution
Solution Summary

This post has two queries. It shows how to calculate productivity and actual and forecast demand levels

Solution Preview

a. 100/5 = 20 packages/hr

b. 133/5 = 26.6 packages/hr

c. (26.6-20)/20 = 33%

1. Lori produces Final Exam Care Packages for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages.

a.) What is Lori's productivity?
Productivity= Output / amount of resource used
The resource here is labor hours used.
Productivity=100/5=20 packages per ...

Purchase this Solution
Free BrainMass Quizzes
Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

View More Free Quizzes
Related BrainMass Solutions

  • Forecasting Demand Using Exponential smoothing

    241029 Forecasting Demand Using Exponential smoothing Consider the following actual and forecast demand levels for the Burger King Whopper sandwich at a local Burger King restaurant: Day Actual Demand Forecast Demand Monday 88

  • Forecast demand of product vs a service

    Moreover, demand forecasting is particularly critical for optimizing service delivery performance while the product is less critical because the company provides replenishment plans based on current and forecast demand, actual inventory levels and planned

  • Forecasting Accuracy Calculations

    The forecasts and actual demand were as follows: Month Actual Demand Forecast Demand 1 160 170 2 150 165 3 175 157 4 200 166 5 190 183 6 220 186 7 205

  • Simple Exponential Smoothing

    Similarly, F (t-1) be the forecast for period t-1 A (t) be the actual demand in period t. Similarly, A (t-1) be the actual demand in period t-1 Let t be the current period and t+1 be the next period.

  • Mean Absolute Percent Error

    ago is 2, and the weighting factor for actual demand three months ago is 1?

  • Average Forecast Error

    Month actual demand forecast demand Avg forecast error march 20 April 25 May 40 June 35 July 30 30 Aug 45 32.5 Sept 37.5 How do I determine sept demand to get the avg forecast

  • EconomicSTATS and Forecast Function

    Hints To answer the question as to whether or not your forecasted values are significantly different than the actual values for 2013, you need to compute t-statistics and determine the significance levels.

  • Exponential smoothing of an actual demand curve

    164595 Given an actual demand of 61, a previous forecast of 58, and an of .3 Given an actual demand of 61, a previous forecast of 58, and an of .3, what would the forecast for the next period be using simple exponential smoothing?

  • Sales and Operation Planning

    The number of workers laid off at the beginning of summer and the number hired at the end of summer should result in planned production levels for summer and fall that equal the demand forecasts for summer and fall, respectively.

View More Related Solutions