Jerry Allison Is in Charge of Production for a Small

question 3

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.How many production runs per year are needed if Jerry chooses to produce at his economic production lot size (ELS) ?

• A) Fewer than or equal to 10 runs
• B) Greater than 10 runs but fewer than or equal to 20 runs
• C) Greater than 20 runs but fewer than or equal to 30 runs
• D) Greater than 30 runs

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Definitions:

Innovations

The process of implementing new ideas, creating dynamic products, or improving existing services to meet market needs.

Organization

A structured group of people working together to achieve common goals and objectives.

Parental Influences

Encompasses the effects that parents have on their children's psychological, social, and emotional development.

Personality

Personality encompasses the unique set of emotional, attitudinal, and behavioral response patterns of an individual, which are influenced by genetic, environmental, and developmental factors.