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Forecasting product demand
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activities aggregate plan alternative amount analysis approach areas assembly ASSESSMENT QUESTIONS automation batch calculate capacity planning changes chapter coefficient of determination components critical path customers cycle defects Delphi method depends described discounting distribution earliest economic order quantity efficiency equipment error example exponential smoothing facilities factors finished forecast demand Gantt chart give Gross requirements increasing inventory latest look machines manufacturing master schedule Material requirements planning materials maximum mean mean squared error measures method minimize month needed Normally distributed number of units operations management OPMA optimal organization output overall period present value problem procedure process layout product layout product planning profit project network reduced reliability sample set covering problem shortage shown in Figure shown in Table SOLUTION stage station step stock levels summary suppliers supply total cost unit cost utilization variable warehouses week