Operations Management
Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 7.S, Problem 6P
Summary Introduction

To determine: The time to complete problems 2, 3 and 4.

Introduction: Learning curve is referred as the cost curve, experience curve, efficiency curve or productivity curve. The leaving curve gives information about the cost, efficiency, productivity and performance of an organization.

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Students in an operations management class have been assigned four similar homework problems.One student noted that it took her 50 minutes to complete the first problem. Assume that the fourproblems are similar and that a 70 percent learning curve is appropriate. How much time can thisstudent plan to spend solving the remaining problems?
The Hand-To-Mouth Company (HTM) has $200,000 in cash, no inventory, and a 90 percent learning curve. To reduce the complexity of this problem, ignore the hiring and training costs associated with dramatically increased production. Employees are paid $20 per hour every Friday for that week’s work. HTM has received an order to build 1,000 oak desks over the next 15 weeks. Materials cost $400 per desk. Suppliers make deliveries each Monday and insist on cash upon delivery. The first desk takes 100 hours of direct labor to build. HTM will be paid $1,500 per desk 2 weeks after the desks are delivered. Should HTM take this order? Week Units Week Units Week Units 1 2 3 4 5   2 4 8 12 4   6 7 8 9 10   24 64 128 128 128   11 12 13 14 15 Total 88 100 100 100 100 1000
please solve in 30 mins.

Chapter 7 Solutions

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