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How Much Is Too Much?

How Much Is Too Much?. Algebra Business Project Application to Industrial Engineering Inventory Management Beatrice Martinez / Melinda Stubbs. Outline. Introduction / Overview. Outline. Introduction / Overview Description. Outline. Introduction / Overview Description Purpose

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How Much Is Too Much?

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  1. How Much Is Too Much? Algebra Business Project Application to Industrial Engineering Inventory Management Beatrice Martinez / Melinda Stubbs

  2. Outline • Introduction / Overview

  3. Outline • Introduction / Overview • Description

  4. Outline • Introduction / Overview • Description • Purpose -real world application -exposure to engineering -importance of charity contributions

  5. Outline • Introduction / Overview • Description • Purpose -real world application -exposure to engineering -importance of charity contributions * Materials

  6. Objectives • Prior Knowledge

  7. Objectives • Prior Knowledge • Calculate unit cost

  8. Objectives • Prior Knowledge • Calculate unit cost • Use interest formulas

  9. Objectives • Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations

  10. Objectives • Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness

  11. Objectives • Prior Knowledge • Calculate unit cost • Use interest formulas • Determine and graph linear equations • Model and understand randomness • Make decisions in uncertain environments

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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

  17. Grading Criteria • Overall profit

  18. Grading Criteria • Overall profit • Interview and summary

  19. Grading Criteria • Overall profit • Interview and summary • Journals

  20. Grading Criteria • Overall profit • Interview and summary • Journals • Activity sheets and graphs

  21. Grading Criteria • Overall profit • Interview and summary • Journals • Activity sheets and graphs • Advertising

  22. Grading Criteria • Overall profit • Interview and summary • Journals • Activity sheets and graphs • Advertising • Teamwork

  23. Extension • Airline Overbooking Activity • Interview grocery store

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