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CHAPTER FIVE: Estimating Project Times and Costs (course name: project management)
Threpio Production has contracted with Artudee, Inc to overhaul the 30 robots at its plant. All the robots are similar and an 80% learning curve is appropriate. The number of hours that Artudee billed Threpio to complete the first robot overhaul was 460. Threpio pays $60 per hour for its services. Threpio wants to estimate the following:
a) How many hours will it take to overhaul the 15th robot?
c) How long will it take to complete robots 10 through 15 inclusive?
d) As the person who manages the costs for overhauling all equipment, what is your estimate of the cost of the entire contract for overhauling all 30 robots?
Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decision making? Give an ..
1 the primary responsibility of a board of director isa formulate strategyb protect the interest of stcokholdersc
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Product A is assembled from two units of S1 and three units of S2. S1 is made of one unit of C1, four units of C2, and one unit of C3. S2 is made of three units of C2 and two units of C3. Assume no inventory on hand, products take one day to assemble..
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A company claim that the mean life and standard deviation of the bulbs are 360 hours and 90 hours respectively. A sample of 625 bulbs is chosen. It is found that the mean life and standard deviation of the bulb in the sample are 355 hour and 90 hours..
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