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To determine the standard working time for a special job, following observation data is collected. Observation 1 2 3 4 5 6 7 8 Time (in second) 17 18 15 14 13 15 16 13 a) If the person observed worked at a pace that is 80 percent of normal, and if the appropriate allowance for this task is 25 percent of job time, what should be the standard time? b) How many observations would be needed to be 95% confident that the maximum error in the observed time is 1 second? Assume that the standard deviation of the task time is 2 seconds. c) How many observations would be needed to be 99 % confident that the maximum error is 5% of the observed time? Assume that the standard deviation of the task time is 2 seconds. what are the formulas to solving these problems?
Which of subsequent strategies would be most likely course to help to reduce TCO of merged firms' technology investments.
Portfolio, program, and projects; what are they, how do they differ, and what is their relationship to the corporate strategy? how do you figure out cost of sales percentage?
What is the expected value of sample information? What is the efficiency of sample information? Because of the expense involved in developing the initial molds and acquiring the necessary equipment to produce fiberglass sailboats for young children
Overview respond to this caselet, which is based in a health care setting.. Preparation Read through the following caselet. You are an operations manager of an outpatient clinic
sales estimates are $120,000, $140,000, $160,000 also $180,000 for respective quarters. Seasonal indices for 4 quarters have been found to be 1.25, .90, .75 also 1.10, respectively. Compute a seasonal zed or adjusted sales forecast.
Now measure the time it takes while working at a standard pace. Is your estimate within plus or minus 20 percent of the estimated time.
A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process
Beth Zion Hospital has just been informed that only the first 10 transplants must be performed at the hospital's expense.
Which decision making tool would be used in identifying possible causes for a problem?
The muffler assembly fabrication cell now averages 16 assemblies per hour also the lead time has been decreased o two hrs' response time for a batch of 10 catalytic converters. Elucidate how many kanban cards are now required.
Discuss this point below,Substantiate your discussion by providing an example from your own work/college experience or from current news.
Is counterfeiting of Louis Vinton always a negative. Are re any circumstances where it can be seen as having some positive aspects.
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