Rick Has Created the Chart Above Outlining the Information He

question 37

Multiple Choice

Rick has created the chart above outlining the information he has on producing toy trains. He will create a two-dimensional chart to visualize the information. Please refer to the chart above as you answer the questions below.
-Rick now needs to determine the required finished time. The correct mathematical model is ____.

• A) Required finishing time = (0.20 x (Model I quantity)) + (0.50 x (Model II quantity))
• B) Required finishing time = (0.20 x (Model I quantity)) x (0.50 x (Model II quantity))
• C) Required finishing time = (0.20 x (Model I quantity)) - (0.50 x (Model II quantity))
• D) Required finishing time = (0.20 + 0.50) x (Model I quantity + Model II quantity)

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Definitions:

Ordering Cost

Expenses associated with placing orders for additional inventory, including administrative costs and the costs of processing and receiving orders.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, and depreciation costs.

Order Cost

The total expense incurred in making and processing an order, including any procurement, delivery, and handling costs.

Holding Cost

The expenses associated with storing unsold goods or materials, including warehousing, insurance, and depreciation.