Use the Table Below to Answer the Following Question(s) Use a Linear Optimization Model Based on the Data to Hides

question 19

Multiple Choice

Use the table below to answer the following question(s) .
Letherin Hides is a company that makes boots specifically targeting college students. Forecasts of sales for the next year are 200 in the summer, 450 in the autumn, and 500 in the winter.
Accessories that are used on the boots are purchased from a supplier for $31.66. The cost of capital is estimated to be 24% per year (or 6% per quarter) ; thus, the holding cost per item is 0.06($31.66) = $1.9 per quarter (rounded figure) . Letherin Hides hires freelance art designers at part-time to craft designs during the summer, and they earn $6 per hour. In the autumn, labor is more difficult to keep, and the owner must pay $6.5 per hour to retain qualified help. Because of the high demand for part-time help during the winter holiday season, labor rates are higher in the winter, and workers earn $7.75 per hour. Each boot design takes 2 hours to complete. How should production be planned over the three quarters to minimize the combined production and inventory holding costs?
The table below provides information on Letherin Hides boot design cost and production. $\begin{array}{|l|l|l|l|}\hline \text { Letherin Hides } & & & \\\hline & & & \\\hline \text { Data } & & & \\\hline & & & \\\hline & \text { Summer } & \text { Autumn } & \text { Winter } \\\hline \begin{array}{l}\text { Unit Production } \\\text { Cost }\end{array} & 12 & 13 & 15.5 \\\hline \text { Unit Inventory } & & & \\\text { Holding Cost } & 1.9 & 1.9 & 1.9 \\\hline \text { Demand } & 200 & 450 & 500 \\\hline\end{array}$ Use a linear optimization model based on the data to answer the following questions.
-According to the linear optimization model, what is the inventory held at the end of summer?

• A) 450
• B) 0
• C) 200
• D) 550

Know the purposes and organization patterns relevant in PAIBOC analysis.

Understand techniques for testing document functionality and effectiveness.

Know the significance of headings, sub-headings, and lists in structuring documents and presentations.

Grasp the concept of document editing and the stages at which design considerations come into play.

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Definitions:

Mass Extinctions

Events in Earth's history where large numbers of species become extinct worldwide in a relatively short geological timeframe, drastically reducing biodiversity.

Environmental Factors

Encompasses all external elements and conditions affecting an organism's life, from climate to food availability.

Plate Tectonics

The scientific theory that Earth's outer shell is divided into several plates that glide over the mantle, responsible for various geological phenomena.

Biological Species Concept

A definition of species as groups of actually or potentially interbreeding natural populations that are reproductively isolated from other such groups.