
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- I submitted this question for answering yesterday,but I can't figure out how the learning rate was calculated as =70%arrow_forwardCumulative 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…arrow_forwardKelly-Lambing, Inc., a builder of government contracted small ships, has a steady work force of 10 very skilled craftspeople. These workers can supply 2,440 labor-hours each per year. Kelly-Lambing is about to undertake a new contract, building a new style of boat. The first boat is expected to take 6,100 hours to complete. The firm thinks that 75% is the expected learning rate. What is the firm's "capacity" to make these boats-that is, how many units can the firm make in 1 year? If the operations manager can increase the learning rate to 70% instead of 75%, how many units can the firm make? (Round all numerical responses in this exercise to the nearest whole number.) Total time available = 24400 hours. Number of Boats 4 5 6 8 Total Time 75% Learning Rate 17971 21099 23999 26719 29292 a) Number of boats completed with 75% learning rate = 6. Total Time 70% Learning Rate 16824 19489 21915 24156 26248 b) Number of boats completed with 70% learning rate=arrow_forward
- Elizabeth Perry, a student at SUNY, bought 6 bookcases for her dorm room. Each required unpacking of parts and assembly, which included some nailing and bolting. Elizabeth completed the first bookcase in 5 hours and the second in 4 hours. a) For Elizabeth, the learning rate = % (enter your response as an integerarrow_forwardCognitive 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?arrow_forwardLazer Technologies Incorporated (LTI) has produced a total of 20 high-power laser systems that could be used to destroy any approaching enemy missiles or aircraft. The 20 units have been produced, funded in part as private research within the research and development arm of LTI, but the bulk of the funding came from a contract with the U.S. Department of Defense (DoD). Testing of the laser units has shown that they are effective defense weapons, and through redesign to add portability and easier field maintenance, the units could be truck-mounted. DoD has asked LTI to submit a bid for 100 units. The 20 units that LTI has built so far cost the following amounts and are listed in the order in which they were produced: Use Exhibit 4A 5 and Exhibit 4A.6. UNIT COST HUMBER (5 MILLIONS) 10 $12.0 10.0 6.0 6.5 5.0 6.0 5.0 3.6 4.1 Learning rate UNIT COST NUMBER (S MILLIONS) 11 12 13 14 15 16 17. 18 % 19 20 $3.9 3.5 3.0 2.8 2.7 2.7 a. Based on past experience, what is the learning rate? Note: Do…arrow_forward
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