Fluctuations in currency exchange rates have little impact on international tourism demands
a. true
b. false
Answer: b. false
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In using a moving average forecasting technique, as the number of averaging period, k, increases:
A) the forecast will respond more quickly to recent changes in the data B) the forecast will be more accurate especially if the data exhibits a trend C) the moving average will increase in value D) the moving average approximates the weighted moving average E) the moving average will smooth out variations
) How many units should Alver Inc. order in order to minimize annual ordering and carrying cost?
The injection molding department of Alver Inc. uses an average of 40 pounds of a special powder per day. The plant operates 250 days per year. The daily usage of the powder is normally distributed with a standard deviation of 5 pounds per day. The lead time to obtain the powder from a supplier is 9 days. The annual holding cost is $2 per unit and the cost of ordering the powder is $50.