Prodstar - an application of MRP II software to production planning and control / Muzafar Ahamad,Mamat Tarmizi Abdul Ghani and Musa Mohd Ehsan

Ahamad, Muzafar and Abdul Ghani, Mamat Tarmizi and Mohd Ehsan, Musa (1996) Prodstar - an application of MRP II software to production planning and control / Muzafar Ahamad,Mamat Tarmizi Abdul Ghani and Musa Mohd Ehsan. [Student Project] (Unpublished)

Abstract

Every day managers make decisions without knowing what will happen in the future . Inventory is ordered without certainly as to what sales will be ; new equipment is purchased despite uncertainty about demand for products ; and investments are made without knowing what profits will be . Managers are always trying to make batter estimates of what will happen in the future in the face of uncertainty . Making good estimates is the main purpose of forecasting . In this chapter we examine different types of forecasts , and we present a variety of forecasting models with such names as moving averages , exponential smoothing , and linear regression . The purpose is to show that there are many ways for managers to forecast the future . We also provide an overview of the subject of business sales forecasting and describe how to prepare , monitor , and judge the accuracy of a forecast . Good forecasts are an essential part of efficient service and manufacturing operations ; they are also an important modeling tool in both strategic and tactical decision making.

Metadata

Item Type: Student Project
Creators:
CreatorsID Num. / Email
Ahamad, MuzafarUNSPECIFIED
Abdul Ghani, Mamat TarmiziUNSPECIFIED
Mohd Ehsan, MusaUNSPECIFIED
Subjects: T Technology > T Technology (General) > Mechanical drawing. Engineering graphics
T Technology > TJ Mechanical engineering and machinery
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Mechanical Engineering
Item ID: 26479
Uncontrolled Keywords: Prodstar, MRP II, software
URI: http://ir.uitm.edu.my/id/eprint/26479

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