A firm uses exponential smoothing with a very high value of alpha. What does this indicate with respect to the emphasis if placed on past data

Operations Management

 A firm uses exponential smoothing with a very high value of alpha. What does this indicate with respect to the emphasis if placed on past data

Answer the following question.
Q1. What is ISO-9000 Series Standards? List key quality awards. (10 marks)
Q2. Describe total quality management (TQM). (10 marks)
Q3. Contrast the world class view with the traditional view in quality control. (10 marks)
Q4. Explain the difference between total and partial productivity. (10 marks)
Q5. A firm uses exponential smoothing with a very high value of alpha. What does this indicate with respect to the emphasis if placed on past data (10 marks)
Q6. Is there a difference between forecasting demand and forecasting sales? (10 marks)
Q7. A Turkish manufacturing company operating a subsidiary in TRNC shows the following results: (10 marks)
Q8. A company has asked YOU to evaluate the firm’s productivity by comparing this year’s performance with last year’s. The following data are available: (10 marks)

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