Q2 (a) A time study analyst timed an assembly operation for 30 cycles, and then computed the average time per cycle, which was 18.75 minutes. The analyst assigned a performance rating of 0.96 and decided that an appropriate allowance was 15 percent. Assume the allowance factor is based on the workday. Determine the following: (i) Observed time (OT) (ii) The Normal times (NT) (iii) The standard time (ST)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Q2 (a) A time study analyst timed an assembly operation for 30 cycles, and then computed the average time per cycle, which was 18.75 minutes. The analyst assigned a performance rating of 0.96 and decided that an appropriate allowance was 15 percent. Assume the allowance factor is based on the workday. Determine the following: (i) Observed time (OT) (ii) The Normal times (NT) (iii) The standard time (ST)                                                           

 (b) If the analyst wants to estimate the number of observations that will be needed to achieve a specified maximum error, with a confidence of 95.5 %. A preliminary study yielded a mean of 5.2 minutes and a standard deviation of 1.1 minutes. Determine the total number of observation needed for these two cases: (a) A maximum error of + or - 6 % (b) A maximum error of 40 minutes                                              

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