... | | |QRB/501 Version 3 | | |Quantitative Reasoning for Business | Copyright © 2011, 2010, 2008 by University of Phoenix. All rights reserved. Course Description This course applies quantitative reasoning skills to business problems. Students learn to analyze data using a variety of analytical tools and techniques. Other topics include formulas, visual representation of quantities, time value of money, and measures of uncertainty. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. The discussion question points are now combined with the participation points for each week. Course Materials Lial, M., Hestwood, D., Hornsby, J., & McGinnis, T. (2010)...
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...QRB/501 – Quantitative Reasoning for Business University of Phoenix Inventory Proposal This proposal is for a solution for an inventory problem within an organization. The details of the organization’s business operations are established and the problem identified so a potential solution may be formulated and proposed. The expected benefits to the organization are also examined as the motivation for implementation. Additionally, an inventory index is used to compare and contrast historical trends leading to the inventory problem and supporting evidence is presented through a histogram and slope-intercept calculations. Organization Vertical Entertainment (VE) is a fireworks wholesaler headquartered in Austin, Texas. VE has been in business since 2005 and provides fireworks products through business-to-business and business-to-consumer channels. The organization’s key segments are the small-box retailers and fireworks display companies. The small-box retailers account for increased volume during the summer months (e.g. 4th of July) whereas the fireworks display companies purchase goods year-round. In recent years VE has expanded to direct sales via the company website. Inventory Problem VE purchases all firework inventories directly from China and they arrive in roughly 12 weeks. Product backorder usually result in lost sales because most events are time specific. The main inventory issue...
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