Category: Forecasting

Table of Contents Summary Knowledge/Application Area 1: Transportation Management Knowledge/Application Area 2: Financial Management Methodology 1: Other Descriptive Models (Forecasting) Methodology 2: Optimization Modeling and Solution Techniques Planning Level 1: Strategic Planning Level 2: Operational References Summary Logistics is an important part of the everyday activity of the armed forces. The process of transportation that…

Introduction Forecasting future sales with certainty is impossible since the market conditions are unpredictable. The economy is always constantly changing. Despite the uncertainties, management of companies still need to prepare sales forecasts to enable them to prepare a budget for revenue and expenses. The preparation of such budgets is always based on past trends and…

Table of Contents Introduction Risk in sales forecasting Ethical Factors in Sales Forecasting Conclusion References Introduction Budgeting, therefore, takes into consideration various factors to come up with an appropriate forecast. For Guillermo furniture to produce correct sales estimates within its forecast budget, it s needs t to consider the factors affecting its production including the…

Table of Contents Gas demand forecast: criteria that must be considered The major data items that should be incorporated into the system The importance of data items The level of detail Reference List Footnotes Gas demand forecast: criteria that must be considered The designer, who will develop a new system for forecasting the gas needs…

Table of Contents Introduction Market Analysis Basis for Analysis Target Market Sales Strategy Company Structure References Introduction Marshal Catering Inc. is planning to expand its operations by setting up a new catering service business in San Diego, California. The company is presently operating in Sacramento, California. The new proposed business aims to service high quality…

If a breakfast cereal company wants to introduce a new product in the market, it is reasonable to invest in forecasting demand. Here, the company should choose between quantitative and qualitative techniques. I would recommend using a simple moving average and market research approaches because they are suitable to present short-term demand. In addition to…

Introduction In the recent past the euro has witnessed a relentless decline in value to the lowest point in four years. The decline is associated bailout that was undertaken by governments in the euro zone during the financial crisis. The countries borrowed heavily from their banks to safeguard them from the imminent crumple. The recent…

Table of Contents Introduction Tax Collection Recommendations Forecast Conclusion References Introduction The Republic of Vardar gained its independence at the beginning of 1990. It came because of the broke up of the Soviet Union. Thus, as a governing unit it has existed even before, but as a part of the larger state of the Soviet…

Knowledge and Risk ‘Knowledge can be divided into uncertainty and perfect knowledge. Where does risk fit into this spectrum?’ According to several sources, knowledge can be defined as the relation between two or more ideas that are usually perceived mentally (Reany, 1988). Naturally, such ideas or concepts do not exist separately from the conceptualizer; hence,…

Table of Contents Introduction Impact of decision-making heuristics, bias and risk preference Decision-making heuristics Decision-making biases Risk implication Risk management process References Introduction Risk is a situation that exposes one to danger. It involves exposing a person to something that is valued to danger, loss or harm. Risk is, therefore, a threat or probability of…