Exercise (1): Given M=85% _1=120hrs Laborcost = 17$ per hourIf the company policy is to charge the customer 3times the Labor cost1- Find average price per Unit for the first 10 unitsUsing Learning Curve Table.2- Find average price per Unit for two cases: (a) thefirst 10 unites if LR=70% and (b) the first 5 unitesif LR=90%.Give your comment on your answer.Exercise (2): Use Double No. of Units Method.Given _1=120hrs Labor cost = 17$ per hourDraw the learning curves for different values ofLR: LR=70%, 80% and 90% to produce a max. no. ofunits 32 Units.Which curve is the best one?Use Matlab in plotting your curvesExercise (3): Use LR FormulaWe want to produce 20 Units. ME="W% _K=400hrs1- How much is the production time for the 20thUnit?2- What will be the cumulative production time?3- What is the average production time?

Answered: Image /qna-images/answer/b7a734b2-af7a-4b44-bb9e-70d9b2aaa231.jpg

Exercise (1): Given MM=85% |_1=120hrs Labor cost = 17$ per hour If the company policy is to charge the customer 3 times the Labor cost 1- Find average price per Unit for the first 10 units Using Learning Curve Table. 2- Find average price per Unit for two cases: (a) the first 10 unites if LR=70% and (b) the first 5 unites if LR=90%.

Exercise (1): Given MM=85% |_1=120hrs Labor cost = 17$ per hour If the company policy is to charge the customer 3 times the Labor cost 1- Find average price per Unit for the first 10 units Using Learning Curve Table. 2- Find average price per Unit for two cases: (a) the first 10 unites if LR=70% and (b) the first 5 unites if LR=90%.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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

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