Jerry Allison Is in Charge of Production for a Small

question 9

Multiple Choice

Jerry Allison is in charge of production for a small producer of plumbing supplies. The cricket model has an estimated annual demand of 12,000 units and can be produced at a production rate of 90 units per day. The company produces (and sells) the cricket 300 days per year. Setup cost to produce this model averages $22 and the item has a holding cost of $3 per unit per year.
-Use the information in Scenario D.1.What is the economic production lot size (ELS) ?

• A) Fewer than or equal to 400 units
• B) Greater than 400 units but fewer than or equal to 480 units
• C) Greater than 480 units but fewer than or equal to 500 units
• D) Greater than 500 units

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Definitions:

Visual Stimuli

Any object or element within the environment that can be seen and is used in psychological experiments to elicit a response from the participant.

Minimal Risk

A research criterion indicating that the likelihood and magnitude of harm or discomfort anticipated in the research are not greater than those encountered in daily life or during routine physical or psychological examinations.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, typically measured to assess heart health.

Minimal Risk Research

Research in which participants are exposed to risks that are no greater than those encountered in daily life or in routine physical or psychological tests.