Scenario C.1 Jerry Allison Is in Charge of Production for a Small

question 49

Multiple Choice

Scenario C.1
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 C.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:

Sensation Seeking Scale

A psychological assessment tool designed to measure an individual's propensity for seeking varied, novel, complex, and intense sensations and experiences.

Stimulation

Engagement or excitation of the sensory, physical, or mental faculties, often leading to increased activity or responsiveness.

Reliable Measure

is an assessment tool or method that consistently produces accurate and dependable results over time.

Bowlby

A psychologist best known for developing attachment theory, which emphasizes the importance of early emotional bonds formed between children and their caregivers.