MG375 Discussion - Application of forecasting models in developing

MG375 Discussion Post 2

1. Select one of these concepts
2. Application of forecasting models in developing production plans (which type of model are they using?)
3. Accuracy of forecasting models for developing production plans (how are they measuring accuracy?)
4. Capacity utilization rate
5. Frequent versus infrequent capacity expansion or reduction
6. Services Capacity: differences from manufacturing
7. Manufacturing capacity: Focus and Flexibility
8. Then find a current event in an article from the resources below to illustrate that concept. 
   • Library Resources
   • Industry Week (Links to an external site.)
   • Wall Street Journal (Links to an external site.)
   • Applied Forecasting  (Links to an external site.)
   • Industry Week  (Links to an external site.)
   • Global Manufacturing  (Links to an external site.)
9. Analysis Post
   • After reviewing and analyzing at least one of the current events articles, compose an analysis of that event or situation using the unit operations concept that you selected.
   • Note: Remember to focus upon your selected operations concept in your analysis.