Question
Instructions: Choose one of the quantitative methods studied in class: Equilibrium Point Solution Regressions (simple linear and multiple linear) Inventory Modeling (ABC, EOQ and ROP)
Instructions: Choose one of the quantitative methods studied in class:
Equilibrium Point Solution Regressions (simple linear and multiple linear) Inventory Modeling (ABC, EOQ and ROP) Projection Estimation (time series data) Linear Programming (its different applications) Transportation and distribution models (North-West Corner Method and Rockfall Method) Network Modeling Project Management Models: PERT/CPM Technique Queuing Systems Models
Seek information on the selected method. Include studies or research where the method has been used. Analyze the advantages and disadvantages of using the method according to the results of the research or studies evaluated. Using data from one of the studies or a hypothetical situation, apply the selected method and present the results (spreadsheets of the program used). The work will follow the format presented below.
Final Project Format and Instructions I. Executive Summary Present a summary of your work with the main findings and conclusions (no more than one page). II. Introduction, etc.
INCLUDE REFERENCES AND CITATIONS
Step by Step Solution
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Step: 1
I Executive Summary This report examines the Inventory Modeling method specifically the Economic Order Quantity EOQ model which is used to determine the optimal order quantity for a given item in inve...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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