Determine order and lot size using the economic production and order quantity lot size model.

Determine order and lot size using the economic production and order quantity lot size model.
Project description
Student name is Gabriel Raul Cortes and student id is 000286858
For this task, review the attached “Task 3 Excel Spreadsheet” and, using the instructions given in parts A–C, write a brief response.

Task:

A. Determine the order size for Company A in the given scenario that would minimize total annual cost by using the economic order quantity model, showing all of your work.
1. Describe the process used to obtain the answer for part A for an audience not familiar with the formula.

B. Determine the lot size for Company B in the given scenario that would minimize total annual cost by using the economic production lot size model, showing all of your work.
1. Describe the process used to obtain the answer for part B for an audience not familiar with the formula.

C. When you choose to use sources, include all in-text citations and references in APA format.
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