Project #46152 - Economics

Introduction:

 


For this task, review the attached “Task 3 Excel Spreadsheet” and, using the instructions given in parts A–C, write a brief response.

 

Note: When the files opens, enter your name and student ID in the respective boxes so the task questions and problems will populate the worksheet. If the attached template does not open or is missing information, please contact Ecare for assistance with opening the file.


Task:

 

A.  Determine the order size for Company A in the given scenario that would minimize total annual cost by using the economic order quantity model, showing all of your work.

 

1.  Describe the process used to obtain the answer for part A for an audience not familiar with the formula.

 

 

 

B.  Determine the lot size for Company B in the given scenario that would minimize total annual cost by using the economic production lot size model, showing all of your work.

 

1.  Describe the process used to obtain the answer for part B for an audience not familiar with the formula.

 

 

 

C.  When you choose to use sources, include all in-text citations and references in APA format.

 

Subject Business
Due By (Pacific Time) 11/07/2014 12:00 am
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