1. Describe in your own words the differences between cyclic and seasonal patterns of data. 2. Zipco...

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General Management

1. Describe in your own words the differences between cyclic andseasonal patterns of data.
2. Zipco Printing operates a shop that has five printingmachines. The machines differ in their capacities to performvarious printing operations due to differences in the machines'designs and operator skill levels. At the start of the workdaythere are five printing jobs to schedule. The manager must decidewhat the job-machine assignments should be.
(a): How could a quantitative approach to decision making beused to solve this problem?
(b): What would be the uncontrollable inputs for which data mustbe collected?
(c): Define the decision variables, objective function, andconstraints to appear in the mathematical model.
(d): Is the model deterministic or stochastic? Why?
(e): Suggest some simplifying assumptions for this problem.

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Answer 1 Seasonality can be seen as a trait of a time series where a regular and predictable variation is seen in the data which can reoccur after each year Thus seasonal data can be defined as the time series data which experiences the predictable change or variation which is reoccurring or repetitive over a period of one year On See Answer

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