For this assignment you are asked to pick one item from the business/service you previously introduced. This means, any business that you would like to use or have used in any of your classes.
→I chose Japanse ramen shop
For this item, you are asked to calculate the EOQ – Economic Order Quantity. A good place to start is by watching this week’s video.
When determining the numbers for the variables needed to perform the calculation, be realistic. Research what the actual numbers could be and provide an explanation/rationale for choosing the numbers.
Perform the calculation and explain what the result means to your business.
No page # limit but must be in APA 7th
Follow APA guidelines; include a cover and reference page and submit the assignment
Video:
Course materials: Blair, R., & Rush, M. (2019). Managerial Economics. The Economics of Managerial Decisions. Pearson Education, Inc.