This week I plan to complete Chapter 3 and Chapter 4. The key things in Chapter 4 are elasticity, and the idea of modeling demand. I will show some example spreadsheets on how to determine demand functions. These are good exercises with using the regression capability in excel.
We will try to work a problem or two also.
Next week on Friday I would like to have a team nominee for the lecture. You can meet with me and select a problem to work. It should be from Chapter 3. If no one volunteers Monday I will simply make the selection, so we can be sure it will happen next Friday.
Supply Chain and Logistics 