week demand (tons) 1 1174.5 2 1316.2 3 1197 4 1127.3 5 1193.1 6 1260.7 7 1378.2 8 1273.7 9 1366.4 10 1113 11 1177.7 12 1056 13 1291.2 14 1269.1 15 1289.6 16 1181 17 1249 18 1212 19 1286.2 20 1204.8 21...

























































































































































































































































































































































































































































































































































































































































weekdemand (tons)
11174.5
21316.2
31197
41127.3
51193.1
61260.7
71378.2
81273.7
91366.4
101113
111177.7
121056
131291.2
141269.1
151289.6
161181
171249
181212
191286.2
201204.8
211266.2
221332.4
231236.3
241266.1
251415.3
261100.1
271208.1
281505.1
291282.7
301190.5
311152.8
321089.7
331404.7
341308.6
351255.4
361106.7
371484.6
381317.4
391294.7
401154
411449.9
421174.9
431466.9
441282.4
451228
461174
471196.2
481443.8
491309.1
501250.8
511222.8
521409.9
531147.3
541342.7
551220.3
561211
571293.3
581256.6
591303.2
601204.9
611129.1
621481.5
631230.2
641264.1
65953.7
661248.9
671172.2
681253.5
691393.7
701245.2
71995.8
721211
731319.4
741282.2
751257.5
761309.5
771153.7
781148.4
791346.8
801298.2
811294.8
821387.5
831119.3
841195.8
851364.7
861107.9
871259
881155.9
891288.9
901098.7
911293.5
921289.6
931442.4
941233.1
951133.7
961151.5
971120.5
981401.3
991273
1001176.1
1011204.5
1021238.3
1031282.4
1041205
1051316.5
1061184.5
1071309.2
1081362.8
1091174.7
1101258.5
1111290.1
1121188.1
1131097.9
1141284
1151256.5
1161291
1171131.5
1181139.7
1191323.8
1201285.9
1211214.1
1221164.5
1231405.4
1241352.7
1251305.1
1261162.2
1271217.1
1281348.4
1291410.8
1301326
1311349.5
1321370.5
1331293.5
1341266.4
1351271.7
1361099.9
1371295.7
1381254.5
1391219.7
1401222.5
1411296.8
1421271.3
1431349.5
1441303.9
1451254.2
146980.5
1471348.8
1481407.2
1491298
1501205.4
1511401.9
152903.2
1531139.3
1541182.4
1551349.7
1561411.7

7.<br>A company that supplies gasoline to a city has recorded the weekly<br>usage (tons/week) for the past 3 years. The file BA3653GasolineRecord.xlsx<br>contains this record.<br>(a) Propose a method for predicting the demand for gasoline. Use that<br>method to forecast demand for next year (weeks 157 to 208).<br>(b) Improve your prediction in part (a) by including a statement about de-<br>mand variability. (Hint: Look at o or the range of the data.)<br>(c) In general, the company delivers the demanded gasoline to customers<br>that store it in their own facilities. However, the company would like to<br>obtain its own storage tanks to better handle variability. The company<br>has identified several solutions: a 500 ton, a 1000 ton, a 2000 ton and a<br>3000 ton system, with each tank being proportionately more expensive<br>as its size grows. Given your predictions and the expected variability,<br>what size of tank would you choose?<br>(d) Reaching the city is sometimes hazardous due to weather conditions.<br>Even with these challenges, the company estimates that the most that<br>shipments to the city may be delayed is 1 week. Given this information,<br>which tank choice (of those in part c) do you think would be appropriate?<br>

Extracted text: 7. A company that supplies gasoline to a city has recorded the weekly usage (tons/week) for the past 3 years. The file BA3653GasolineRecord.xlsx contains this record. (a) Propose a method for predicting the demand for gasoline. Use that method to forecast demand for next year (weeks 157 to 208). (b) Improve your prediction in part (a) by including a statement about de- mand variability. (Hint: Look at o or the range of the data.) (c) In general, the company delivers the demanded gasoline to customers that store it in their own facilities. However, the company would like to obtain its own storage tanks to better handle variability. The company has identified several solutions: a 500 ton, a 1000 ton, a 2000 ton and a 3000 ton system, with each tank being proportionately more expensive as its size grows. Given your predictions and the expected variability, what size of tank would you choose? (d) Reaching the city is sometimes hazardous due to weather conditions. Even with these challenges, the company estimates that the most that shipments to the city may be delayed is 1 week. Given this information, which tank choice (of those in part c) do you think would be appropriate?
Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here