How Much Is Too Much? Algebra Business Project Application to Industrial Engineering Inventory...
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Transcript of How Much Is Too Much? Algebra Business Project Application to Industrial Engineering Inventory...
How Much Is Too Much?
Algebra Business Project
Application to Industrial Engineering
Inventory Management
Beatrice Martinez / Melinda Stubbs
Outline
• Introduction / Overview
• Description
• Purpose
-real world application
-exposure to engineering
-importance of charity contributions
Outline
• Introduction / Overview
• Description
• Purpose
-real world application
-exposure to engineering
-importance of charity contributions
* Materials
Objectives
• Prior Knowledge
• Calculate unit cost
• Use interest formulas
• Determine and graph linear equations
Objectives
• Prior Knowledge
• Calculate unit cost
• Use interest formulas
• Determine and graph linear equations
• Model and understand randomness
Objectives
• Prior Knowledge
• Calculate unit cost
• Use interest formulas
• Determine and graph linear equations
• Model and understand randomness
• Make decisions in uncertain environments
Objectives
• Prior Knowledge
• Calculate unit cost
• Use interest formulas
• Determine and graph linear equations
• Model and understand randomness
• Make decisions in uncertain environments
• Calculate relative frequency
Objectives• Prior Knowledge• Calculate unit cost• Use interest formulas• Determine and graph linear equations• Model and understand randomness• Make decisions in uncertain environments• Calculate relative frequency• Create a histogram of a binomial distribution
Objectives• Prior Knowledge• Calculate unit cost• Use interest formulas• Determine and graph linear equations• Model and understand randomness• Make decisions in uncertain environments• Calculate relative frequency• Create a histogram of a binomial distribution• Create bar graphs and find central tendencies
Procedure
• Select teams at random
• Select perishable product
• Select officers
• Conduct brief survey
• Complete Activity Sheet 1
• Complete Activity Sheet 2
• Create power point presentation
Procedure…(continued)
• Schedule interview• Create advertisement• Purchase materials to get started!• Sell! Sell! Sell!• Create bar graphs / find central tendencies• Compare results with graphs• Write summary• Go shopping!• Deliver gifts to families
Grading Criteria
• Overall profit
• Interview and summary
• Journals
• Activity sheets and graphs
• Advertising
Grading Criteria
• Overall profit
• Interview and summary
• Journals
• Activity sheets and graphs
• Advertising
• Teamwork