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    Overall Average For You 1 Is: +: A. Compute The Seasonal Index Using Only Year 1 Data

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    Iqtidar Khan
    The document provides examples of calculating seasonal indices and deseasonalizing data. It shows computing a seasonal index using only year 1 sales data and dividing raw year 2 sales values by the seasonal index to obtain deseasonalized data. Another example solves a linear programming problem to maximize production subject to various constraints. A third example calculates inventory costs for a 5 day period using a reorder point policy, finding the average daily ordering, holding, and lost sales costs to get the total average daily inventory cost.

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    Overall Average For You 1 Is: +: A. Compute The Seasonal Index Using Only Year 1 Data

    Uploaded by

    Iqtidar Khan
    15 views3 pages
    The document provides examples of calculating seasonal indices and deseasonalizing data. It shows computing a seasonal index using only year 1 sales data and dividing raw year 2 sales values by the seasonal index to obtain deseasonalized data. Another example solves a linear programming problem to maximize production subject to various constraints. A third example calculates inventory costs for a 5 day period using a reorder point policy, finding the average daily ordering, holding, and lost sales costs to get the total average daily inventory cost.

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    Original Title

    Answer 01

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    The document provides examples of calculating seasonal indices and deseasonalizing data. It shows computing a seasonal index using only year 1 sales data and dividing raw year 2 sales values by the seasonal index to obtain deseasonalized data. Another example solves a linear programming problem to maximize production subject to various constraints. A third example calculates inventory costs for a 5 day period using a reorder point policy, finding the average daily ordering, holding, and lost sales costs to get the total average daily inventory cost.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views3 pages

    Overall Average For You 1 Is: +: A. Compute The Seasonal Index Using Only Year 1 Data

    Uploaded by

    Iqtidar Khan
    The document provides examples of calculating seasonal indices and deseasonalizing data. It shows computing a seasonal index using only year 1 sales data and dividing raw year 2 sales values by the seasonal index to obtain deseasonalized data. Another example solves a linear programming problem to maximize production subject to various constraints. A third example calculates inventory costs for a 5 day period using a reorder point policy, finding the average daily ordering, holding, and lost sales costs to get the total average daily inventory cost.

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    of 3

    Answer 01:

    a. Compute the seasonal index using only year 1 data


    Overall average for you 1 is:

    8+7+5+10+9+12+15+20+4+3+8+9
    A=
    12
    = 55 / 6

    Several index = Season Average / Time Average = Overall Average / Time Average
    So,

    1st Jan = 55/6 = 55


    8 48

    1st Fab = 55/6 = 55


    7 42

    1st Mar = 55/6 = 55


    5 30

    1st Apr = 55/6 = 55


    10 60

    1st May = 55/6 = 55


    9 54

    1st Jun = 55/6 = 55


    12 72

    1st Jul = 55/6 = 55


    15 90

    1st Aug = 55/6 = 55


    20 120

    1st Sep = 55/6 = 55


    4 24

    1st Oct = 55/6 = 55


    3 18

    1st Nov = 55/6 = 55


    8 48

    1st Dec = 55/6 = 55


    9 54

    b. Deseasonalized Data = Raw value / seasonal index

    Because,

    We can compute the deseasonalized value as shown

    Month Year 1 Year 2

    Sales Seasonal index Sales Deseasonalized data

    Jan 8 .87 8 6.98

    Feb 7 .76 9 6.87

    Mar 5 .55 6 3.27

    Apr 10 1.09 11 12.00

    May 9 .98 12 11.78

    June 12 1.31 16 20.94

    July 15 1.64 20 32.73

    Aug 20 2.18 25 54.54

    Sept 4 .44 4 1.75

    Oct 3 .33 2 0.65

    Nov 8 .87 7 6.11

    Dec 9 .98 9 8.84

    Average 9.16667

    Answer 02:

    Let T = number of tables produced


    C = number of chairs produced

    Maximize 150 T + 100C


    Subject to: 12T + 4C ≤ 300

    20T + 16C ≤ 220


    2T + 3C ≤ 30
    −2T + C ≥ 0
    −6T + C ≤ 0
    C, T ≥ 0

    Solution: T = 3.75, C=7.5, Objective function = 1312.5

    Answer 03:

    Beginning Inventory Demand Ending Inventory Order Lead time


    day 1 5 4 1 4 1
    day 2 1 1 0 4 2
    Day 1’s order
    day 3 4 1 3 4 1
    day 4 3 2 1 4 1
    Days 2’s & 3’s
    day 5 9 2 7 4 1

    Average Daily ordering cost = ($20*5)/5 = $20


    Average Holding cost = $5(1+0+3+1+7)/5 = $12
    Average Lost sale cost = $0

    Total average daily inventory cost = $32.

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