Comparing that potential new hire to second new hire

Assignment Help Operation Management
Reference no: EM132201780

A new hire for your company appears to have a learning rate of 80% for the task they will be doing. If that rate applies for 16 cycles (i.e., their "learning" levels off after 16 repetitions of the task), then how long will it take them to do their first 25 tasks assuming that their first attempt takes them 30 minutes? What if you were comparing that potential new hire to second new hire whose first try was also 30 min but whose learning rate was 50% for 4 cycles (and constant thereafter)? Who would be the better new hire if you cared about employing them for 70 cycles of the task, why?

Total time for first new hire to do first 25 tasks:_______________________________________

Total time for second new hire for 25 tasks:________________________________________

Who is better for doing 70 cycles:________________________________________

Why?______________________________________________________________

Reference no: EM132201780

Questions Cloud

Create a retention plan for a top performer : Create a retention plan for a top performer. What are the components needed to do so? How do you retain a top employee that is unhappy with the organization?
Identify data sources you might need to collect : Identify data sources you might need to collect and analyze for your initiative. Consider contacting people in the industry and at your organization.
Distinctive characteristics of service operations : Illustrate the “distinctive characteristics of service operations” for a service with which you are familiar.
Annual gala even raising awareness for cancer : Currently writing a project charter for an annual gala even raising awareness for cancer ( of any type),
Comparing that potential new hire to second new hire : What if you were comparing that potential new hire to second new hire whose first try was also 30 min but whose learning rate was 50% for 4 cycles
Analyze the potential costs and benefits of each option : Analyze the potential costs and benefits of each option. Explain how relative risk (from the investor's perspective) impacts the cost of capital for Genesis.
Evaluate historical data and prepare assumptions : Evaluate historical data and prepare assumptions that will drive the planning process. Produce a detailed 2 year cash budget that summarizes cash inflow.
Story-telling mode rather than simple product attributes : A different copy strategy where each item would be described in a story-telling mode rather than simple product attributes.
Identify what can go wrong with financial reporting : Use the Argosy University online library resources and find at least three scholarly journal articles. These articles will help you identify what can go wrong.

Reviews

Write a Review

Operation Management Questions & Answers

  Characteristics of high performance team include

Characteristics of a high performance team include. The role of leadership is critical in meeting human needs and preventing __________.

  What is meant by price control and reconciliation account

What is meant by Price Control? Define the Reconciliation Account. What are the terms of payment for ZB01? What is the order currency? What is the function of master characteristic (Mstrchar)?11. What does a Sampling procedure determine?

  Discuss why you selected that particular career

Discuss why you selected that particular career, your strengths and weakness concerning the career, and your concerns about the career.

  Organization mission and vision statement

We frequently hear of an organization's mission and vision statement, but value statements are not as popularized.

  Important elements of the code of ethics

Review the company’s code of ethics carefully. You are to identify the key criteria in which the company management believes are vital to its employees are how they should behave while working for the company. I.e.: confidentiality, professionalism, ..

  What leadership-personality traits does bill gates possess

What leadership and personality traits does Bill Gates possess? How have they enabled him to be successful?

  Define american express overall business-level strategy

Define American Express’s overall business-level strategy.

  Discuss standout features of the companies approaches

Discuss the standout features of the companies approaches to managing operations. Discuss the attributes you find impressive about the companies policies and procedures.

  What is the rack rate for standard room

What is the rack rate for a “standard” room? What items are available in disabled access guest room? What was the name and position of the person you spoke with

  Build the pilot project and then make decision

What recommendation, based on expected value, would you give James? Should he build the plant or build the pilot project and then make a decision?

  What is meant by competitive profile matrix

lracking Changes What is meant by "a Competitive Profile Matrix (CPM)"? How is this related to a company's strategy?

  Explain what is positioning

Explain what is positioning? Plot TWO perceptual maps using the positioning bases outlined in the textbook.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd