Soccer Supply Chain !!

Posted by Sanjiv | 4:20 AM | | 0 comments »

Here's a Soccer Supply chain problem regarding forecasting that i framed for my college tech fest. The event goes by the name Induschron; involving a four stage of problems on Industrial engineering.

Cover, lining and bladder are important components that are used to manufacture football. A firm called “Fevernova”, which sells its football through a chain of retailer’s across India, requires estimating the necessary amount of components, needed in the coming year (quarterly) to meet the demand. One piece each of cover and bladder with two piece of lining is required to make one football.

The daily demand data of football in the previous year is provided in the following Graph.

Click on the picture to enlarge the view.

Fevernova currently purchases Cover, Lining and bladder from Wish-Aish Corp., Tall Winder Corp. and Ab-Shake Chop Ray Corp. Wish-Aish ships each order in 6 days, Tall Winder ships each order in 4 days and Ab-Shake ships it in 8 days on receiving respectively. Demand of football is normally distributed and is independent from one day to the next. Fevernova carries a safety inventory regarding standard demand deviation for each of the component; which is 12% of the expected daily demand of football in a particular period with a desired service level of 95%. The review period for inventories in each quarter is set to be four weeks for the replenishment of the inventory.

1) Evaluate the daily demand of cover, lining and bladder required to meet the expected demand in the four quarters of the coming year.
2) Do the error analysis on your proposed forecasting model by evaluating Absolute Deviation (AD), Mean Absolute Deviation (MAD), and Mean Absolute Percentage Error (MAPE).
3) State whether your forecast in overall is under forecasting or over forecasting.
4) Follow periodic inventory system and specify the buffer stock of all the components for all the quarters.

For the solution drop your comments with your email. Download all the stages of the problem from here


Read more...

German Giants at Salt Lake

Posted by Sanjiv | 6:29 AM | , | 0 comments »

“All the top Bayern stars will be there at the Salt Lake Stadium on May 27”

Oliver Kahn is all set to hang up his boot from the professional career against Bagan; over 120000 spectators will be there witnessing the event at salt lake stadium. The Kolkata based stadium namely salt lake stadium is the second largest soccer stadium in the world with Rungrado May Day Stadium in North Korea on first.. Home for three major soccer giants in India namely Mohun Bagan, Mohammedan Sporting and East Bengal, the stadium hosts some of the fierce local derbies between Mohun Bagan and East Bengal.

East Bengal represents Bengalis hailing from Eastern part of Bengal, but they also have several supporters hailing from Western part of Bengal. Mohun Bagan represents Ghotis generally belonging to people of Western part of Bengal and they also have some supporters hailing from Eastern part of Bengal. Mohammedan SC supporters of which are mainly from the Muslin section of the population.

With Kahn paving way for Rensing, the promising young goalkeeper who is impressive with his match performance and is all set to replace the aging Kahn. The likely keeper for Munich Rensing; injured Kahn with a ferocious hit while warming up thus making Kahn out with a blackened eye and coming up with a performance in that match, Bayern won 2-0 against Arminia Bielefeld .

Bayern featuring the likes of Mark van Bommel, Martin Demichelis, Lucio, Ze Roberto, Daniel van Buyten and Andreas Ottl alongside captain and goalkeeper Oliver Kahn will be a delight for Indian soccer fans as Mohun Bagan will take on the German giants. Munich were there in 2006 with there youthful second team under Gerd Muller and went ahead winning the IFA challenge shield; defeating Ever-Ready in the final with a score line of 5-1.

One interesting fact about Mohun Bagan and east Bengal rivalry is that; the local fish market price always rose when there is a clash between the two side as fans from both sides are fond of fish and sea food. With the progress of time both teams now have fans belonging to various communities and regions of India.

The rivalry is rated 7.4 on a scale of ten on localderbies .


Read more...