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

-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

Objectives

• Prior Knowledge

• Calculate unit cost

Objectives

• Prior Knowledge

• Calculate unit cost

• Use interest formulas

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

Grading Criteria

• Overall profit

• Interview and summary

Grading Criteria

• Overall profit

• Interview and summary

• Journals

Grading Criteria

• Overall profit

• Interview and summary

• Journals

• Activity sheets and graphs

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

Extension

• Airline Overbooking Activity

• Interview grocery store