​The Cumulative Sales (In Thousands of Units)of a New Product

question 36

Multiple Choice

​The cumulative sales (in thousands of units) of a new product after it has been on the market for t years may be modeled by During the first year,5000 units were sold.What is the saturation point for this product? How many units will be sold after 5 years? ​

• A) ​The saturation point for the market is 3,000 units and 17,944 units will be sold after 5 years.
• B) ​The saturation point for the market is 30,000 units and 26,049 units will be sold after 5 years.
• C) ​The saturation point for the market is 30,000 units and 17,944 units will be sold after 5 years.
• D) ​The saturation point for the market is 30,000 units and 18,067 units will be sold after 5 years.
• E) ​The saturation point for the market is 3,000 units and 26,049 units will be sold after 5 years.

Solve scheduling problems using the transportation algorithm and linear programming.

Apply inventory management strategies to balance cost and demand.

Evaluate the cost and benefits of overtime, subcontracting, and backordering in operational planning.

Identify the optimal production plan among multiple options based on cost-efficiency.

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Definitions:

Law of Effect

A psychological principle stating that behaviors followed by favorable consequences tend to be repeated, while behaviors followed by negative consequences are less likely to be repeated.

Pleasant Outcomes

Positive results or benefits that are satisfying or enjoyable, often as a result of specific actions or behaviors.

Unpleasant Outcomes

Negative consequences or results that arise from specific actions or situations.

Reinforcement Theory

A psychological concept suggesting that behavior can be shaped by rewarding or punishing outcomes.