Assignment:
For this assignment you are asked to pick one item from the business/service your previously introduced.
For this item, you are asked to calculate the EOQ - Economic Order Quantity. A good place to start is by watching video.
When determining the numbers for the variables needed to perform the calculation, be realistic. Research what the actual numbers could be and provide and explanation/rationale for choosing the numbers.
Perform the calculation and explain what the result means to your business.
Follow APA guidelines; include a cover and reference page and submit the assignment in the designated area. Please be mindful of the Sunday deadline!
Read your main textbook.
Watch the video; please copy/paste the link into your browser; the hyperlink is disabled.
EOQ Economic Order Quantity formula and explanation
https://www.youtube.com/watch?v=AYpjPWmlyHM
Readings:
The Economics of managerial Decisions
By Roger Blair and Mark Rush