LI0 marks Explain the Jury of executive opinion and Delghi m

LI0 marks]: Explain the \"Jury of executive opinion\" and \"Delghi method\" as qualiai Mention the main difference between the two methods of bread at a local Whole Foods Market are given in the table below. 4025 33 103 38520 L Forecast sales for week 9 using a 3-week MA ii. Forecast sales for week 9 using Exponential something with a-0.7 ii. Compare between the results in i) and i) by applying MAPE (data from week 4 to wek 8) Question Four [10 marks]: a) The term \"bottleneck\" is used in Production Management to indicate delaying the prodaction process. One of the top bottlenecks in the business is \"Top-Down Approvals As your company schieves growth goals, you Work that was formerly supervised \"ll find yourself being pulled in more directions. w being done by team leaders and their direct reports., How can yoa sill say mp without becoming a bottleneck? The annual demand and the Computer Products Company are given in the table below. b) processing time for the required demand for each product for Al Product Annual Standard processing DemandTime Units/Hour 400 600 800 If anual capacity for each machine is 10 hours per day, assume 240 working days per yeur, Decide how many machines we need to handle the required volume, given that the effective capacity represents 90% of the designed capacity.

Solution

In Executive Opinion : Forcasting is made on the basis of opinion taken from different expert or executive from different field executive in group and then then management modifies the opinion ir result recived fromn all of experts as per their requirement before it immplementatation.

In Delphi Method:: Forcasting is made on the basos of opinion taken from each of the expert individually about the opinion on future event and consolidate the opinion receviedd from all the expert and accordingly forcasting has been done by management . In Delphi technique major different is that the opinion taken from expert not in a group, however tkaen from eac expert individually,

  

b(i) Forecast for week 9 is avg( week6, week7, week8 ) = ( 432 + 385 + 411 ) / 3 = 409.33