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MT 435 DQ Responses. Shelby Piawlock
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4/26/2017 11:51:34 AM
Unit 9
I selected the restaurant business, but more of the kitchen. The kitchen is an important aspect
of the restaurant business. Forecasting for busy days such as weekends, holidays or events is
important. The kitchen needs to be prepared for busy days, and other typical days to determine
how much food should be ready to cook. Also it is important for the kitchen to handle the right
amount of inventory, because if the kitchen holds too much food and is not used, it will go bad
and the restaurant will lose out on money for waste of produce. Also the kitchen needs to make
sure that it will have enough food for busy days, and it will not run out. Something that may be
hard to predict is last minute reservations, especially when a big party comes in. Usually a big
party will call at least a few days in advance, but every once in a while you will get a big party
walk in. Last minute reservations are considered short range, and holidays and events are
something you have more time to prepare for. So this would be considered long range
forecasting. Mike Pryor
Email has been sent.
4/26/2017 8:33:27 PM
Unit 9: DQ
Hello Professor Anderson and classmates.
In the airline industry, specific variables needed to forecast would be the current state of the
economy, the travel industry overall expectations, historical travel data, technology and the
expense it costs to fly to destinations. The economy (short term) tells the travel industry if things
are going well or not, if people and businesses have extra money to spend or it they are tight with
the money. If the economy is doing well, people will travel more as will businesses. Technology
(short term) plays a roll in forecasting too. If people do not have to go visit a client, but can meet
and see them on a video meeting, they will not by the plane ticket which will save the
organization money. Historical data (long term) provides the basis for the industry averages with
peaks and valleys on when people will most commonly travel and where. Winter most will go to a warmer climate, summer is vacation season with family. Fuel costs and plane maintenance
costs (long term) effect decisions to fly or not based on profit.
Thank you,
Mike Pryor

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