Describe briefly the steps to develop a forecasting system

Operation Management

 

Describe briefly the steps to develop a forecasting system

 

Answer the following question.

Q1. Describe briefly the steps to develop a forecasting system. (10marks)

Q2. Describe briefly the “Delphi Method”. (10marks)

Q3. What are the major components of a production system? Give two examples. (10marks)

Q4. What is continuous improvement (CI)? What are the major tools for this philosophy? (10marks)

Q5. How does productivity measurement differ between manufacturing and service operations? (10marks)

Q6. What is ISO9000 Series Standards? List key quality awards. (10 marks)

Q7. How are the location decisions for service operations and manufacturing operations similar, and how are they different? (10marks)

Q8. Describe the steps involved in considering a time study and discuss any difficulties you might envision at various steps? (10marks)

Describe briefly the steps to develop a forecasting system

 

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