University bookstore Research Paper Example | Topics and Well Written Essays - 1250 words

University bookstore - Research Paper Example The university bookstore has been in operations for the past fourteen years, the presence of the book store has been of significance for the university as well as the students due to the fact that it has been providing academic material as well as computer supplier.Due to the fact that the computer supplies are in more sdemand during he intake season usually during the fall season or the proceeding summers. The demand arising due to the usual intake of students as well as the accumulating demand over the previous intake, causes the operations of the bookstore are affected unusually. Arising primarily from the scenario that the orders for he computer comes through out the summers aside from that of that of the sophomores or the newly admitted, the competitive advantage maintained by he book store has been due to the bottom-line prices charged by he sore. Hence, considering the fact that the book sore is charging such low prices, as the profit base and keeping in view that if the store orders to many supplies, the cash reserves become very low, besides that storage concerns have to be accounted for as well. The quantity demanded by the students for the computers also determines the number of employees to be hired for the installation to take place.It would be most appropriate to mention that the forecasting models despite the comparison of relative accuracies remain models to forecast. Hence, their accuracies remain subject to the actual outcome of the event they forecast. As a consequence, whether it is through the means of Linear Equation, Seasonal Indexes or Smoothing Techniques such as Averages, they remain subject to the risk involved from the aspect of actual outcome. University Bookstore Computer Sale Data Table 1: The Sales for University Bookstore Student Computer Purchase Program Year 1 Computer Sold 518 2 651 3 708 4 921 5 775 6 810 7 856 8 792 9 877 10 693 11 841 12 1009 13 902 14 1103 The above data has been provided in the form of a diagram on the next page, since the raw data in itself would prove to be discerning. A graphic representation is a more appropriate alternative to examine the trends in the quantity of the computers sold. The diagram