Project #8458 - Quantitative Analysis

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

Note: Macros must be enabled to open and use the Simulation Template spreadsheet.

 


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 how the answer was obtained 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 how the answer was obtained for an audience not familiar with the formula.

 

 

 

 

 

PLEASE NOTE THAT YOU MUST USE THE ECONOMIC ORDER QUANTITY MODEL AND THE ECONOMIC PRODUCTION LOT SIZE MODEL AND SHOW ALL WORK AS REQUIRED

Subject Mathematics
Due By (Pacific Time) 06/30/2013 01:00 pm
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