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31) Production data for Streaks shown. Using linear programming, the

Question : 31) Production data for Streaks shown. Using linear programming, the : 1400025

 

 

31) Production data for Streaks is shown. Using linear programming, the maximum number of running shoes that the plant can make is 250.

 

Monthly Product

 

Running

Soccer

Capacity (Hours)

Design

5

3

750

Manufacture

1.5

1.5

400

Profit per unit

$20

$16

 

 

 

32) Production data for Streaks is shown. Using linear programming, if the plant makes 100 pairs of running shoes and 100 pairs of soccer shoes, it ends up with $3600 in profit.

 

Monthly Product

 

Running

Soccer

Capacity (Hours)

Design

5

3

750

Manufacture

1.5

1.5

400

Profit per unit

$20

$16

 

 

 

33) Another term for queuing theory is "waiting line" theory.

 

34) A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating that customers are likely to wait about 10 minutes for each transaction.

35) Using a fixed-point reordering system, a business might order new inventory when it is down to about one-third of its maximum stock.

 

36) In the economic order quantity (EOQ) model, one of the costs that gets considered for analysis is the carrying costs of tying up money with inventory.

 

37) The goal of the economic order quantity (EOQ) model is to maximize the total costs that are categorized as carrying costs and ordering costs.

 

38) In the economic order quantity (EOQ) model, the optimum order quantity is obtained by identifying where the total cost curve and the ordering costs curve intersect.

 

39) In the economic order quantity (EOQ) model, increasing the order size will decrease ordering costs.

40) In the economic order quantity (EOQ) model, decreasing the order size will increase carrying costs.

 

 

41) The purchase price of a product has no influence on calculating EOQ.

 

 

 

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