A Company That Makes the Rocket Widget Has One Machine

question 33

Multiple Choice

A company that makes the rocket widget has one machine capable of producing this unique item. The machine requires an attendant, who works 40 hours a week for $12 per hour and has made himself available for a maximum of 8 hours of overtime. It costs $20 per hour to run the machine and it is capable of producing 10,000 rocket widgets per hour. The widgets sell for $10 per hundred and cost $1 per hundred in materials. If the production manager wishes to develop a sales and operations plans using an optimization model, which of the following statements is valid?

• A)A constraint should limit overtime to less than 8 hours per week.
• B)The objective function should maximize the amount of rocket widgets produced.
• C)The objective function must be to minimize the overtime.
• D)A constraint should limit the cost to run the machine to less than or equal to $20 per hour.

Recognize the ethical, legal, and practical risks of adopting a war-like approach to terrorism.

Differentiate between the war on terrorism and traditional warfare based on their unique characteristics.

Examine the ethical debates swirling around counterterrorism measures, including the balance between security and human rights.

Understand the ethical debates surrounding torture and national security.

---

Definitions:

Year 2

Year 2 commonly refers to the second year of a particular context, such as a company's operations, a multi-year study, or an educational program.

Inventory Turnover Ratio

A financial efficiency ratio that shows how many times a company has sold and replaced inventory over a period.

Days' Sales

A measure of how quickly a company can convert its inventory into sales, often used to assess liquidity and operational efficiency.

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of items it will sell, as well as overseeing and controlling quantities of finished products for sale.