Determine the order size for Company A in the scenario found in the attached “QAT1 Task 3 Spreadsheet” that would minimize total annual cost by using the economic order quantity model, showing all of your work.

Competency 309.3.1: Decision Making Models – The graduate uses optimizing models and other models as aids for making more informed decisions.

Introduction:

For this task, you will review the attached “QAT1 Task 3 Spreadsheet” and, using the instructions given in parts A–C, provide a brief response.

Requirements:

A. Determine the order size for Company A in the scenario found in the attached “QAT1 Task 3 Spreadsheet” that would minimize total annual cost by using the economic order quantity model, showing all of your work.

1. Identify what Company A should do with the information determined in part A.

B. Determine the lot size for Company B in the scenario found in the attached “QAT1 Task 3 Spreadsheet” that would minimize total annual cost by using the economic production lot size model, showing all of your work.

1. Identify what Company B should do with the information determined in part B.

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

Note: To reduce unnecessary matches, select ignore “small matches <20 words” and “bibliography.”

Note: For definitions of terms commonly used in the rubric, see the Rubric Terms web link included in the Evaluation Procedures section.

Note: When using sources to support ideas and elements in an assessment, the submission MUST include APA formatted in-text citations with a corresponding reference list for any direct quotes or paraphrasing. It is not necessary to list sources that were consulted if they have not been quoted or paraphrased in the text of the assessment.

Note: No more than a combined total of 30% of a submission can be directly quoted or closely paraphrased from outside sources, even if cited correctly. For tips on using APA style, please refer to the APA Handout web link included in the APA Guidelines section.

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