Define what is the learning curve

Assignment Help Operation Management

Reference no: EM13720479

Please provide detailed solutions to the following problems

1) A time study of a job produced the following: average cycle time = 2.25 minutes, performance rating = 1.05. Allowances are 12 percent of the workday (420 minutes). Determine the standard time for this job.

2) An initial time study resulted in an average observed time of 1.4 minutes per cycle, and a standard deviation of .5 minutes per cycle. The performance rating was 1.05. What sample size, including the observations in the initial study, would be necessary to have a confidence of 98 percent that the observed time was within 2 percent of the true value?

3) HEC's product (hydrogen fueled engine) under development took 160 hours for the production of its 2nd unit and 128 hours for its 4th unit.

a) What is the learning curve?

b) How much time did the first unit take?

c) How much time would the production of the 10th unit take?

4) GMP Manufacturing is considering bidding on a small order of 8 units. Based on similar products that they have made in the past, they believe that the first unit will take 300 labor hours. They also believe that there will be an 85% learning curve. How many hours of labor should GMP include for its bid?

Reference no: EM13720479

Questions Cloud

Strategies for organization to increase employee motivation : Create a 6 - 8 slide Microsoft PowerPoint presentation analyze and interpret how employee motivation affects organizational behavior as well as three strategies an organization can do to increase employee motivation.

Explain dominant factors impacting current healthcare system : What are the dominant factors impacting the current healthcare system today? Discuss both the positive and negative effects of these forces on healthcare including the nursing profession.

Explain the strengths and weaknesses of working in groups : Describe how emotional intelligence relates to selection, decision making, creativity, motivation. What are the strengths and weaknesses of working in groups and the overall decision making process?

Explain the importance of human capital : Describe the methods that show trader joe's knows the importance of human capital?

Define what is the learning curve : HEC's product (hydrogen fueled engine) under development took 160 hours for the production of its 2nd unit and 128 hours for its 4th unit. What is the learning curve. How much time did the first unit take. How much time would the production of the 1..

Explore what is experience co-creation : What is experience co-creation? How do Web 2.0 tools help with experience co-creation? Imagine you worked as a tourism specialist at a Destination Managment Organization.

Explain the tourism multiplier work : Questions in regards to Tourism Principles. How does the tourism multiplier work? Discuss how tourism dollars flow in your home community.

Find the resulting bit rate : What should the resulting bit rate be, in bits per second (bps)? How much compression should be achieved for broadcasting through an IP.

The labor requirements for the maximize profit : Karim's Oak Furniture Company manufactures oak tables and chairs. To manufacture the chairs and tables, the wood must be cut, glued, and finished. The labor requirements for the three steps are in the table below, as well as the profit for each ta..

User Account

All Pages