8. Assume you are a project cost engineer calculating thecost of a repetitive activity for your project. There area total of 20 iterations of this activity required for theproject. The project activity takes 2.5 hours at the 15thiteration when it reaches the steady state and the learningrate is 75%. Calculate the initial output time for the firstunit produced. What is the total time estimate for all 20iterations?ino the 4. A new electronic component produced for an oil drill rigtook 40 hours for the production of the first unit. If theproduction process has an 85% learning rate, calculatethe following:a. The estimated time required to produce the first fiveunitsb. The time estimate for producing the 25th unit

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Practical Management Science

6th Edition

ISBN:9781337406659

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Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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

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Learning Curves The Air Force Museum Foundation has commissioned the purchase of 16 FourF Sixes, pre–World War II aircraft. They will be built completely from scratch to the exact specifications used for the originals. As further authentication, the aircraft will be made using the technologyand manufacturing processes available when the originals were built. Each of the 16 airplanes will beflown to Air Force and aviation museums throughout the country for exhibition. Aviation enthusiastscan also visit the production facility to see exactly how such aircraft were built in 1938.Soren Industries wants to bid on the aircraft contract and asked for and received certain costinformation about the Four F Sixes from the Air Force. The information includes some of the oldcost data from the builders of the original aircraft. The available information is for the total accumulated time as the 1st, 8th, and 32nd aircraft, respectively, were completed. The data reflect a learningrate of 90%.[LO…
Production Airplanes is negotiating a contract for the production of 20 small jet aircraft. The initial jet required the equivalent of 400 days of direct labor. The learning percentage is 80 percent. Estimate the expected number of days of direct labor fora. The 20th jetb. All 20 jetsc. The average time for 20 jets
5. Your company is preparing a project bid. The project includes assembling 5 prefabricated buildings. Your boss has asked you to estimate the labor cost for this part of the project. She said to base your calculation on the following: (a) 85% learning curve model; (b) labor requirement of 320 hours for the first unit assembled; (c) Labor cost of $35 per hour. Calculate the following (fill in the boxes and show your calculations on the back of the test). ΣΤ Total Labor T1 T2 T3 T4 T5 (hours) Cost ($) Hours Gure senior year of rt to complete your
You need to develop a labor time estimate for a customer order of 50 network installations. It is estimated that the first installation will require 75 labor hours and a learning curve of 85 percent is expected. a. How many labor hours are required for the 25th installation?b. How many labor hours are required to complete all 50 installations? c. If the average labor cost is $28 per hour, what is the total labor cost for installing all the networks?d. How many workers are needed to complete the job in a week? Assuming each worker works 8 hours per day 5 days per week. Show breakdown of work
A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated time to build the first pool is 38 hours. The contractor estimates an 80 percent learning rate. Using POM for Windows or OM Explorer, how long do you estimate the time required to install the sixth pool? The time required to install the sixth pool is enter your response herehours. (Enter your response rounded to two decimal places.) Part 2 What is your estimate of the total time for all six pools? The total time for all six pools is enter your response here hours. (Enter your response rounded to two decimal places.)
Suppose in a production run of a certain product it is observed that the cumulative hours required to produce 100 units is 100,000 h with a learning curve effect of 85%. For project planning purposes, an analyst needs to calculate the number of hours spent in producing the fiftieth unit.
A contractor intends to bid on a job installing 30 airport security systems. Because this will be a new line of work for the contractor, he believes there will be a learning effect for the job. After reviewing time records from a similar type of activity, the contractor is convinced that an 85 percent curve is appropriate. He estimates that the first job will take his crew eight days to install. How many days should the contractor budget fora. The first 10 installations?b. The second 10 installations?c. The final 10 installations?
The first unit took 100 hours to produce. It is expected that an 80% learning curve will apply. You are required to estimate the following times: Property of and for the exclusive use of SLU. Reproduction, storing in a retrieval system, distributing, uploading or posting online, or transmitting in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise of any part of this document, without the prior written permission of SLU, is strictly prohibited. 154 a. The cumulative average time per unit to produce three units. b. The total time it will take to produce three units c. The incremental time for the forth and fifth units, in total
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
A company uses learning curves for initial labor estimates with replicated deliverables. For this particular type of project, they determine that a 90% learning curve applies (improvement rate of 10%). The initial (first) unit takes 624 thousand hours. Determine the time (estimate) required for unit 4 and then compute the resulting labor cost for that unit based on a labor rate of $30 per hour. Round your final cost answer to the nearest dollar (if applicable) and omit the $ symbol in your answer. Carry all intermediate calculations to at least 5 decimal places if performing calculations by hand and use the table provided in the file. (Caution: Watch your dimensions. Enter your answer in dollars, NOT thousands of dollars) Click to oper
What are the advantages and disadvantages of using the ADDIE 5 Step Training Process. How you would implement the ADDIE model in a training department.
Recently, the polish general corporation,well-known for manufacturing appliances and automobile parts, initiated a $13 billion project to produce automobiles. A great deal of learning on the part of management and employees was required. Even though pressure was mounting to get a new product in early 2012, the production manager of the newly formed automobile division insisted on almost a year of trial runs before sales started because workers have to their jobs 60 to 100 times before they can memorize the right sequence. The launch date was set for early 2013. what are the consequences of using this approach to enter the market with a new project?

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unit produced. What is the total time estimate for all 20 rate is 75%. Calculate the initial output time for the firsti iterations?