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My name is Ann [436]
2 years ago
12

An operations manager observes a new production process. Based on production of the first 32 ​units, the manager estimates that

the learning rate is 85​%. If unit ​#32 took 23.52 minutes to complete and the manger is correct about the learning​ rate, how long will unit ​#128 take to​ complete?
Business
1 answer:
Leviafan [203]2 years ago
3 0

Answer:

<em>The answer is 17.01 minutes</em>

Explanation:

<em>Given that:</em>

<em>The learning rate (r) = 85% = 0.85</em>

<em> T₃₂= 23.52 minutes</em>

<em>By applying the learning curve formula</em>

<em>Thus,</em>

<em>Tₙ = T₁ nᵇ</em>

<em>Where b represent ln(r)/ln2</em>

<em>b = ln( 0.85)/ln2 = -0.2344</em>

<em>23.55 = T₁ * (32)^-0.2344</em>

<em>T₁ = 23.55 * (32)^0.2344</em>

<em>Now,</em>

<em>T₁₂₈ = T₁ (128)^ - 0.2344</em>

<em>= 23.55 * (32)^0.2344 * (128)^ - 0.2344</em>

<em>=17.01 minutes</em>

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Answer:

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2 years ago
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15,
beks73 [17]

Answer:

maximum profit ($30 in total) is obtained by selling 5 units

Explanation:

  1. if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
  2. if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
  3. if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
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the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.

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2 years ago
A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
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Answer: Segmentation by usage

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From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

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2 years ago
A certain project has three activities on its critical path. Activity A’s normal completion time is five days. It can be crashed
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Answer:

Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.

Explanation:

activity A =

normal time (NT) = 5 days

Normal cost (NC) = $0

crash time (CT) = 3 days

Crash cost (CC) = $500

crash cost per day = [CC - NC]/[CT - NT] = $250/day

activity B:

normal time (NT) = 6 days

Normal cost (NC) = $0

crash time (CT) = 4 days

Crash cost (CC) = $50

crash cost per day = [CC - NC]/[CT - NT] = $25/day

activity C:

normal time (NT) = 8 days

Normal cost (NC) = $0

crash time (CT) = 3 days

Crash cost (CC) = $1000

crash cost per day = [CC - NC]/[ CT- NT] = $200/day

The activity that takes the least cost to speed up is the first one to be crashed. from the computations, activity B takes the least cost to speed up, so the project manager should crash activity B first by 2 days.

Therefore, Acitivy B should be crashed first by 2 days and Activity B has a crash cost per days of $25, it will be crashed for a total of $50.

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Market Value of Common Stock = 10 million * $22.5 per share = $225m

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