**Learning Curve Analysis**This spreadsheet provides a learning curve model to calculate the production time for a series of units. It's designed for educational purposes and is not intended for commercial use. Below is a detailed breakdown of the components:### Data Input- **First Unit Time**: 3500- **% Learning Curve**: 90%The percentage learning curve and the initial unit time are key inputs. They affect how production time decreases as the number of units increases.### Calculated DataThe table consists of rows for each unit from 1 to 100. Key columns include:1. **Unit**: The sequential number of the produced unit.2. **Time**: The time taken to produce each specific unit.3. **Cumulative Time**: The total time accumulated up to that unit.4. **Cumulative Average Time**: The average time taken per unit up to that point.The values illustrate how production efficiency improves over time as more units are produced.### Graph: Learning CurveThe adjacent graph visually represents the learning curve. Key features of the graph include:- **X-axis**: Number of units produced.- **Y-axis**: Time measurement, with separate lines for individual unit time (blue) and cumulative average time (red).The graph demonstrates an initial steep decline in production time, showing significant improvement in efficiency, which then plateaus, indicating diminished returns in learning as more units are produced.This model is fundamental in understanding production efficiencies and cost reductions related to cumulative production. Suppose a manufacturer of copiers has concluded that a 70 percent learning curve applies to the time a new service technician takes to install copy machines. Use the Learning Curve Excel template in MindTap to answer the following questions:a. If the time required to install the first copy machine is estimated to be three hours, what is an estimate of the time required by a new technician to install the third and fourth copiers? Round your answers to one decimal place.- For x = 3 it takes _______ hours- For x = 4 it takes _______ hoursb. If the learning rate changes to 60 or 90 percent, what is an estimate of the time required by a new technician to install the third and fourth copiers? Round your answers to one decimal place.- For x = 3 and a 60% LC, it takes _______ hours- For x = 4 and a 60% LC, it takes _______ hours- For x = 3 and a 90% LC, it takes _______ hours- For x = 4 and a 90% LC, it takes _______ hours

When a task is done repetitively (by humans), after practice over time, the time taken for…

Answered: Suppose a manufacturer of copiers has…

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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Kelly-Lambing, Inc., a builder of government contracted small ships, has a steady work force of 10 very skilled craftspeople. These workers can supply 2,440 labor-hours each per year. Kelly-Lambing is about to undertake a new contract, building a new style of boat. The first boat is expected to take 6,100 hours to complete. The firm thinks that 75% is the expected learning rate. What is the firm's "capacity" to make these boats-that is, how many units can the firm make in 1 year? If the operations manager can increase the learning rate to 70% instead of 75%, how many units can the firm make? (Round all numerical responses in this exercise to the nearest whole number.) Total time available = 24400 hours. Number of Boats 4 5 6 8 Total Time 75% Learning Rate 17971 21099 23999 26719 29292 a) Number of boats completed with 75% learning rate = 6. Total Time 70% Learning Rate 16824 19489 21915 24156 26248 b) Number of boats completed with 70% learning rate=
Although the learning curve never completely levels off to a horizontal line, if work standards are to be developed, there must be a point at which, for all practical purposes, learning is said to be have stoppped. If we have an 80 percent learning curve and say that the learning effect will be masked by other variables when the improvement in successive units is less than 0.5 percent, at about what unit number can the standard be set?
You have been asked to estimate the selling price per unit of a new production line of a certain product. Pertinent data are as follows: Direct labor rate Production material Factory overhead Packing costs Desired profit RO 15.00 per hour RO 375 per 100 items 125% of direct labor 25% of direct cost 30% of total manufacturing cost Past experience has shown that 83% learning curve applies to the labor required for production these items. The time to complete the first item has been estimated to be 1.86 hours. Use the estimated time to complete the 50h item as your standard time for the purpose of estimating the unit selling price.
Maxera Corporation has designed a new video game controller. It took the company 52 minutes to produce the first unit. If the company uses a 75% learning rate for this task, how long should it take the company to produce the 6th unit? the 18th unit? the 30th unit? the first 6 units? the first 18 units? the first 30 units? the units 7th through 18th? the units 19th through 30th?
29 ABC Hospital completed its first transplant, and the procedure took 50 hours. The hospital has five more transplants scheduled. Based on other similar procedures carried out, the hospital estimates that it has an 85% learning rate. Estimate the time it will take to complete the third transplant. a 34.5 hours b 36 hours c 38.67 hours d 40 hours
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A new product made from recycled bio-plastics needs 20 labor hours to complete the build for the first unit. If production operates at a 85% learning curve rate, calculate the average labor hours required per unit to produce five units.
A new training program at Arid Industries is intended to lower the learning-curve coefficient of a certain molding operation that currently costs $95.50/hour. The current coefficient is .87, and the program hopes to lower the coefficient by 10%. Assume that the time to mold the first product is 8 hours. If the program is successful, what cost savings will be realized when the 2000th piece is produced?
Berringer Designs hired a graphic artist. It is estimated that the artist's learning rate is at 70% and her first quarter's output amounted to 300 relatively equal job outputs, which took her a total of 50 hours to complete. Output is expected to double in every succeeding quarter. By the 5th quarter, based on learning curve estimates, what should the artist's average time (in hours) be for the units of output? Multiple Choice 17.15 hours 3.5 hours 12.005 hours 6.9 hours None of the answers is correct
K Kelly-Lambing, Inc., a builder of government contracted small ships, has a steady work force of 10 very skilled craftspeople. These workers can supply 2,440 labor-hours each per year. Kelly-Lambing is about to undertake a new contract, building a new style of boat. The first boat is expected to take 6,100 hours to complete. The firm thinks that 75% is the expected learning rate. What is the firm's "capacity" to make these boats-that is, how many units can the firm make in 1 year? If the operations manager can increase the learning rate to 70% instead of 75%, how many units can the firm make? (Round all numerical responses in this exercise to the nearest whole number.) Total time available = hours.
Girish Shambu and Delores Reisel are teammates at a discount store; their new job is assembling bicycles for customers. Assembly of a bike has a learning rate of 75%. They forgot to time their effort on the first bike, but spent 5 hours on the second. They have 6 more bikes to do. Determine approximately how much time will be (was) required for: a) The 1st unit= hours (round your response to two decimal places). b) The 8th unit-hours (round your response to two decimal places). c) The total amount of hours to build the 8 units-hours (round your response to two decimal places).

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