Abc Case Study Solution

 Abc Example Solution Dissertation

Assignment 1

Functions Management 2

Yankee Fork and Hoe Company (YFHC)

Total (50) MarksWeightage 10%

Lead Questions for Project 1

1 . What style of predicting system is staying currently employed by YFHC? Exactly what are the current complications faced by simply YFHC as a result of problems in forecasting. (5 marks) (max. 100 +100words) Ans: Adams has been making use of the Qualitative technique rather than Quantitative method. 2 . What is the value of exact forecasting pertaining to YFHC? Warrant with case specific details and avoid basic comments. (5 marks) (max. 150 words) 3. What should be an appropriate forecasting ecart (duration)? Warrant with 1 specific example connected to the case. (5 marks) (max. one hundred and fifty words) some. Please bring the chart of four years require data and write down your observations (5 marks) (max. 100 words and phrases for observations) 5. Improve your own prediction for bend rakes for every single month from the next year (year 5) (Even though you may possibly consider different forecasting techniques for analysis, provide only two forecasting strategies that you consider best, within your report). Justify your best selection of forecast plus the method you used. (30 marks)*

2. Please note that your grading on this exercise will be based on your insights, valid assumptions and forecasting errors to rationalize your method. Make sure that you write your presumptions clearly to get method(s) that you just present your report.

Table 13. 6: Four-year Demand history for the Bow Rake

Month| Yr 1| 12 months 2| Yr 3| Season 4

1| 55, 220| 39, 875| 32, 180| 62, 377

2| 57, 350| sixty four, 128| 37, 600| 66, 501

3| 15, 445| 47, 653| 25, 020| 31, 404

4| 28, 776| 43, 050| 51, 300| 36, 504

5| 21, 408| 39, 359| 31, 790| 16, 888

6| 18, 118| 15, 317| 32, 100| 18, 909

7| 18, 028| 45, 194| 59, 832| 35, 500

8| nineteen, 883| 46, 530| 35, 740| 51, 250

9| 15, 796| 22, 105| 47, 800| 34, 443

10| 53, 665| 41, 350| 73, 890| sixty-eight, 088

11| 83, 269| 46, 024| 60, 202| 68, 175

12| seventy two, 991| forty one, 856|...

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