IE 375 • Production Planning • Midterm I

Forecasting

Error in Forecasts

Mean Absolute Deviation (MAD)

Mean Squared Error (MSE)

Mean Absolute Percentage Error (MAPE)

Example

Components of the Data

Moving Averages Method

Moving Averages Example

Exponential Smoothing Method

Exponential Smoothing Example

Chapter Summary

Regression Analysis

Regression Analysis Example

Double Exponential Smoothing (Holt's Method)

Double Exponential Smoothing Example

Chapter Summary

Seasonal Data with No Trend

Example 1

Triple Exponential Smoothing (Winter's Method)

Seasonal Factors

Example 2

Summary

Introduction

Zero Inventory Strategy

Example 1

Example 2

Constant Workforce Plan

Example 3

Example 4

Linear Programming Solution

Example 8

Economic Order Quantity

Cost Components

Example 1

Example 2

Lead Time

Example 3

Finite Production Rate

Example 4

Example 5

All Units Discounts

Example 1

Example 2

Incremental Discounts

Example 3

Example 4

Budget Constraint

Example 1

Space Constraint

Example 2

Common Cycle Time

Example 1

Total Cost Formula

Optimal Solution

Example 1

Methods for Forecasting Stationary Series 1

Methods for Forecasting Stationary Series 2

Methods for Forecasting Trend Series 1

Methods for Forecasting Trend Series 2

Methods for Forecasting Seasonal Series 1

Methods for Forecasting Seasonal Series 2

Methods for Forecasting Seasonal Series 3

Basic EOQ 1

Basic EOQ 2

Basic EOQ 3

Basic EOQ + Lead Time 1

Basic EOQ + Lead Time 2

Finite Production Rate 1

Finite Production Rate 2

Finite Production Rate 3

Finite Production Rate 4

All Units Discount 1

Incremental Discount 1

Budget Constraint 1

Space Constraint 1

Common Cycle Time 1

EOQ with Backorders 1

EOQ with Backorders 2