Explain how capacity is measured at the following stages of the diamond value chain: (a) mining, (b) cutting and polishing, (c) jewelry manufacturing for custom and standard jewelry, and (d) the retail store?

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The worksheet Hudson Demand Case Data in MindTap provides
the number of visits over one year from January to December (52 weeks).
Chart the data in Excel and explain the characteristics of the time
series. How would you forecast future demand for customer visits? What
criteria will you use to determine a “good” forecast? What methods would
you use, and why? What is your final recommendation with respect to a
forecasting method?
Explain how capacity is measured at the following stages of the
diamond value chain: (a) mining, (b) cutting and polishing, (c) jewelry
manufacturing for custom and standard jewelry, and (d) the retail store?
(There can be multiple measures so make sure you define the unit of
measure.)
Customer demand (weekly visits) at Hudson Jewelers is highly seasonal, as shown in the worksheet Hudson Jeweler Demand Case Data
in MindTap (these data were used in Chapter 9 for forecasting). In the
context of aggregate planning options (Section 14-2 and Exhibit 14.2),
what types of decisions concerning resources does this service business
have to make?

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