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

question 47

Multiple Choice

Use the table below to answer the following question(s) .
Pickson Luthiers Corporation makes four models of electric guitars, ScarCT, Dela Mort, Warax, and Invazen. Each guitar must flow through five departments, assembly, painting, sound testing, inspection, and packaging. The table below shows the relevant data. Production rates are shown in units/hour. (ScarCT is assembled elsewhere) . Pickson wants to determine how many guitars to make to maximize monthly profit. $\begin{array}{|l|l|l|l|l|l|}\hline \begin{array}{l}\text { Pickson Luthiers } \\\text { Corporation }\end{array} & & & & & \\\hline & & & & & \\\hline \text { Data } & & & & & \\\hline \text { Guitar Model } & \begin{array}{l}\text { Selling } \\\text { price/Unit }\end{array} & \begin{array}{l}\text { Variable } \\\text { cost/Unit }\end{array} & \text { Min Sales } & \text { Max Sales } \\\hline \text { ScarCT } & 750.00 & 660.00 & 0 & 2500 \\\hline \text { Dela Mort } & 788.00 & 680.00 & 0 & 2000 \\\hline \text { Warax } & 800.00 & 700.00 & 100 & 1000 \\\hline \text { Invazen } & 850.00 & 800.00 & 80 & 500 \\ \hline & & & & \\\hline \begin{array}{l}\text { Production rates } \\\text { (units/hour) }\end{array} & \text { ScarCT } & \text { Dela Mort } & \text { Warax } & \text { Invazen } & \text { Hours } \\&&&&&\text { Available } \\\hline \text { Assembly } & - & 35 & 25 & 20 & 220 \\\hline \text { Painting } & 35 & 20 & 15 & 10 & 220 \\\hline \text { Sound Testing } & 20 & 10 & 20 & 18 & 220 \\\hline \text { Inspection } & 10 & 12 & 8 & 5 & 220 \\\hline \text { Packaging } & 9 & 10 & 5 & 8 & 220 \\\hline\end{array}$ Use a linear optimization model based on the data to answer the following question.
-According to the linear optimization model, what would be the total time spent on inspecting the Dela Mort models?

• A) 158.33
• B) 12.5
• C) 85
• D) 48

Understand the role of nonfinancial and financial metrics in performance measurement.

Recognize strategic performance measurement systems and their applications.

Identify appropriate performance metrics for different perspectives of the balanced scorecard.

Understand the impact of cognitive biases on performance evaluation and metric selection.

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Definitions:

L Data

Life-record data in personality research, referring to verifiable, real-world outcomes and behaviors that are used to measure personality.

Autobiographical Memories

Personal recollections of specific events or experiences from an individual's own life.

S Data

Self-report data, where individuals provide information about themselves, often used in psychological research and assessments.

Direct Observation

A method of gathering data through firsthand witnessing of behavior, rather than relying on reports or inferences.