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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 235 Weeks Ago, 4 Days Ago |
Questions Answered: | 12843 |
Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
1)Â When deciding whether to use the unit formulation of the learning curve or the cumulative average formulation, all of the following would be reasons to select the cumulative average formulation EXCEPT FOR:
   Availability of production tooling
   Production concurrent with development
   Lack of experience with similar projects
   Having variability in the design
2)Â Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)
Â
[Image Description: Table listing Unit Number (X) and Unit Cost ($Y). Unit 1 = $1000, Unit 2 = $933.00, Unit 3 =$895.91, Unit 4=$870.49]
   Y = (1000)(X) -0.1001
   Y = (1000)(X) -0.2515
   Y = (1000)(X) 0.6931
   Y = (1000)(X) 0.8700
3)Â The first unit required 9800 hours to manufacture. The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit. (Round intermediate calculations to 4 decimal places)
   4155 hours
   5408 hours
   4855 hours
   23112 hours
4)Â It took a contractor 7000 hours to manufacture their first unit of an item. If the contractor expects to achieve a 94% unit learning curve, how many hours would be required to manufacture units 76-100?
   117,382
   112,627
   507,717
   507,683
5)Â In the following unit learning curve equation:
Â
Y=34(X)-0.134425
   The slope equals 91.1%
   The slope equals 88%
   Y is the cost of the first unit
   Y represents the cost of the 34th unitÂ
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