2) The tracking signal is defined as TS = SUM (Actual – Forecast) /MAD. You want to monitor the quality of a forecasting model by calculating the tracking signal. The tracking signals as calculated as below. What does this mean? Week 1 2 3 4 5 Tracking signal -1.5 -2.4 -5.5 -4.0 -6.2 -7.4 -7.9 […]
In a world with so many countries, religions, tribes and customs, it is impossible for everyone to like everything. While we have come a long way since civilization began, some communities are stuck with age-old traditions. While some of these may be mystical, others are downright lame. The following are some weird traditions from across […]
An upcoming demand of 70, 50 and 100 units of product E is anticipated in weeks 6, 7 and 8 respectively, where the structure of product is shown in the table below. Three cases (40 units per case) of have been ordered and they are expected to arrive in weeks 3, 4 and 6, respectively […]
Milosevic, D. Z., Patanakul, P., & Srivannaboon S. (2010). The Ticketing System. In Case studies in project, program, and organizational project management (pp. 69-72). Hoboken, NJ: John Wiley & Sons Inc. The Ticketing System Case assignment presents a story of a successful project based on a small, internal IT project. This issue-based case portrays the […]
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