Refer to the table below. Assume that the company involved now finds that the learning rate is 70 percent. The 70 percent learningrate coefficient is -0.514573; that is b= -0.514573 in the formula Y= axb.Required:Using the formula, Y= axb, compute the labor time and costs for 5, 6, and 7 units. (Round your Intermediate calculations (except forcoefficient) and final answers to 2 decimal places.)UnitProduced(X)12345678Labor TimeRequired toProduce the XthUnit (i.e., the lastsingle unitproduced)1(Y)100.0070.0056.8249.0034.30CumulativeTotal Timein Labor-Hours(2)100.00 S170.00226.82275.82430.31TotalCost(3)Average Costper Unit(4)5,000.00 S 5,000.008,500.004,250.0011,340.9013,790.9021,515.753,780.303,447.732,689.47

Time taken to produce 1st unit = 100 hoursLearning Curve Percent = 70%Learning Rate coefficient =…

Answered: Refer to the table below. Assume that…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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An engineer at KBR wants to predict the cost per unit for KBR Construction to build 175 field-ready office/storage units in their plant. The Red Cross uses the units in international relief efforts. Plot the learning curves on arithmetic and log-log scales for a 95% learning rate applied to costs if the first unit costs $3000.
Recall from the lecture that the functional form for a learning curve (LC) is y = axb where y is time to produce the most recent unit and x is the cumulative production. Here, the coefficient a is the time required to produce the first unit. The exponent (b), which is negative value, represents the learning rate. Consider a production system that needs to produce its main product based on 75% learning curve. It was measured that it took 180 minutes to produce the first unit from this production system. A. How much time would it take to produce the 20th unit? Show your work. B. Suppose the 20th unit was just produced and customer placed order of 10 more units. How much time would it take to produce those 10 more units? Use definite integral method with adjusted range. Show your work. C. What is the production rate for producing 10 units in the above question (#1.B) in the dimension of [parts/hour]? Show your work.
Explain how one instructional strategy (e.g., collaborative learning, modeling, discovery learning) supports learning outcomes. Standard and Objective Estimate and measure the length of an object by selecting and using appropriate tools, such as rulers, yardsticks, meter sticks, and measuring tapes to the nearest inch, foot, yard, centimeter, and meter. Learning Objective After the lesson on estimating and measuring the length of objects by selecting and using appropriate tools, such as rulers, yardsticks, meter sticks, and measuring tapes, the students will solve 10 problems on a worksheet and score at least 8/10 or 80%.
The personnel manager of Powerwest Inc. want to estimate the direct and cumulative average direct labor hours for producing 30 locomotive train units during then next year. He estimates from past experience that the learning rate is 90 percent. The production department estimate that manufacturing the first unit will take 30,000 hours. Each employee average 200 hours per month. The production rate forecast is as follows: Month Production Rate (units) Month Production Rate (units) January 2 July 2 February 3 August 4 March 2 September 3 April 4 October 3 May 3 November 1 June 2 December 1 How many direct hours are required to produce the 30th unit? How many total hours are needed to produce all 30 units? What is the maximum number of employees required next year? If the learning rate were to change to 0.85, what would be the impact on the total hours and the number of employees needed to product 30 units?
The personnel manager of Powerwest Inc. wants to estimate the direct and cumulative average direct labor hours for producing 30 locomotive train units during the next year. He estimates from past experience that the learning rate is 90 percent. The production department estimate that manufacturing the first unit will take 30,000 hours. Each employee averages 200 hours per month. The production rate forecast is as follows: Month Production Rate (units) Month Production Rate (units) January 2 July 2 February 3 August 4 March 2 September 3 April 4 October 3 May 3 November 1 June 2 December 1 Show/explain step by step, so I fully understand the process. How many direct hours are required to produce the 30th unit? How many total hours are needed to produce all 30 units? What is the maximum number of employees required next year? If the learning rate were to change to 0.85, what would be the impact on the total hours…
The resulting plot of a learning curve when logarithmic scales are used in?
Cumulative Average-Time Learning CurvePohlman Company makes aircraft engines. Pohlman has noticed that, in general, each new engine design is subject to an 80 percent learning rate. Assume that the first unit produced takes500 hours, and direct labor is paid an average of $30 per hour. Required:1. Set up a table with columns showing: the cumulative number of units, cumulative average time per unit in hours, and cumulative total time in hours. Show results by row for total pro-duction of: one engine, two engines, four engines, eight engines, sixteen engines, and thirty-two engines. (Round hour answers to two significant digits.) 2. What is the total labor cost if Pohlman manufactures the following number of engines: one,four, or sixteen? What is the average cost per engine for the following number of engines:one, four, or sixteen? (Round your answers to the nearest dollar.)3. What if Pohlman is preparing a bid to build 16 engines? Calculate budgeted labor cost for anengine design which…
Apple, Inc.® is developing a new product (the iWhatever). Managers at Apple are interested in estimating the impact of learning on the cost of producing the iWhatever. They plan to use data from previous products, such as the iPod and the iPad, to estimate the learning parameter. What are the advantages of doing this? What are the disadvantages?
The power law can be used to represent a common form of a learning curve that uses __________ as a dependent variable and __________ as the independent? variable?
I submitted this question for answering yesterday,but I can't figure out how the learning rate was calculated as =70%
Consider the trajectory showing the percentage of patients with depression that were notappropriately screened for suicide risk. A doctor’s practice aims to reduce this percentage over time. What shape would a learning curve have in this setting?a. Exponential growthb. Exponential decayc. Diminishing return growth
Company, is beginning the production of a new product. Management believes that 500 labor hours will be required to complete the new unit. An 85 percent incremental unit-time learning curve model for direct labor hours is assumed to be valid. Assume the q = -0.2345. What is the total hours for 3 units?

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