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Case study: Besthomes, incforcasting

  1. Understand the concept of process selection, forecasting, capacity planning, production forecast methods and schedule operations

(LO 1.2 & 1.3)

 

 

 

Case study: Besthomes, incforcasting

 

 

 

Actions:

 

  • Read the case study entitled “Best homes Inc forcasting” from the textbook (e-book), in the part VII.

 

  • Answer the following questions.

 

 

  1. What forecasting methods should the company consider?  Please justify.
  2. Use the classical decomposition method to forecast average demand for 2016 by month. What is your forecast of monthly average demand for 2016?

Last Updated on March 28, 2019

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