Boeing spent $250 million to make the 12th 787 in its production line. The first 787 cost $438 million. What was the learning curve rate at this point?Click the icon to view the learning-curve coefficients.The learning-curve coefficient is (round your response to three decimal places).

An learning curve is a concept that graphically portrays the connection between the cost and output…

Boeing spent $250 million to make the 12th 787 in its production line. The first 787 cost $438 million. What was the learning curve rate at this point? E Click the icon to view the learning-curve coefficients. The learning-curve coefficient is (round your response to three decimal places).

Boeing spent $250 million to make the 12th 787 in its production line. The first 787 cost $438 million. What was the learning curve rate at this point? E Click the icon to view the learning-curve coefficients. The learning-curve coefficient is (round your response to three decimal places).

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...

See similar textbooks

Similar questions

Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 85% is appropriate. The first unit is expected to take 760 hours, and the contract is for 13 units. a) The total amount of hours to build the 13 units = hours (round your response to the nearest whole number).
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?
Problem 2 The labor cost to produce a certain item is $20 per hour. Material cost is $60 per unit. The overhead cost is charged as 70% of the labor and materials cost. The learning rate is 80%. a. Determine the average cost for 50 units, given that the first unit took 5 hours to complete. b. Assume the item can be purchased from a vendor for $162 per unit. Should we just buy the needed 50 units or produce them. Explain. c. What are your answers for a and b if the needed quantity is 100 units? Show all your work
H2
Cognitive neuroscientists want to test if the sound of living things are processed faster than the sounds of tools and aim to test the idea with a categorization study. The participants hear 30 sound clips of animals and 30 sound clips of tools and are asked to categorize them into living or non-living. Their reaction times are measured in seconds. What statistical test should the researchers use?
Although the learning curve never completely levels off to a horizontal line, if work standards are to be developed, there must be a point at which, for all practical purposes, learning is said to be have stoppped. If we have an 80 percent learning curve and say that the learning effect will be masked by other variables when the improvement in successive units is less than 0.5 percent, at about what unit number can the standard be set?
What is an example of a three-part learning objective that would include behavior, condition, and measurable criterion?
Please read the example and select the learning theory it represents. Deniz notices the new hair-care shampoo of Purple Bloom when she visits the supermarket and buys it. However, she thinks that the shampoo makes her hair drier after using it. Therefore, she does not think to rebuy the same brand. a) Cognitive Learning Theoryb) Classical (Reflexive) Conditioningc) Instrumental (Motivational) Conditioningd) Observational Learning Theory
29 ABC Hospital completed its first transplant, and the procedure took 50 hours. The hospital has five more transplants scheduled. Based on other similar procedures carried out, the hospital estimates that it has an 85% learning rate. Estimate the time it will take to complete the third transplant. a 34.5 hours b 36 hours c 38.67 hours d 40 hours
One manufacturer has seen a typical learning percentage of 90 percent in the i rm. It has recently found out that a competitor has a percentage of 85 percent. What do you think about this?
Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 75% is appropriate. The first unit is expected to take 700 hours, and the contract is for 40 units. a) The total amount of hours to build the 40 units = 9606 hours (round your response to the nearest whole number). b) The average time to build each of the 40 units = 240.15 hours (round your response to two decimal places). c) If a worker works 2,080 hours per year, the number of workers required to complete this contract in a year = workers (round your response to two decimal places).
Lucid Inc. has developed a cutting-edge medical device. It took the company 500 hours to build the first device. The company uses an 87% learning rate for this task. How long should it take the company to build the 24th device? the 76th device? the 128th device?