User Account

All Pages

Determine the approximate learning percentage

Assignment Help Operation Management
Reference no: EM13917452

A manager wants to determine an appropriate learning percentage for processing insurance claims for storm damage. Toward that end, times have been recorded for completion of each of the first six repetitions:


a. Determine the approximate learning percentage.
b. Using your answer from part a, estimate the average completion time per repetition assuming a total of 30 repetitions are planned.

Reference no: EM13917452

Questions Cloud

What will the expected growth rate be next year : Exim Inc. reported a return on capital of 12% on its existing assets and a reinvestment rate of 60% in the most recent year. It expects to improve its return on capital to 15% next year on both its existing and new investments, while maintaining its ..
Calculate present value of costs incurred under each plan : Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from January 2014 to December 2015, for reconstruction at a cost of $535 million. Calculate the present value of t..
How much time can this student plan to spend : Assume that the four problems are similar and that a 70 percent learning curve is appropriate. How much time can this student plan to spend solving the remaining problems?
The debt value of operating leases : Taco Shell Inc. is a restaurant with operating lease commitments of $30 million a year for the next 8 years. It has a cost of capital of 8%, a cost of equity of 10%, a pre-­-tax cost of debt of 4% and an after-­-tax cost of debt of 2.5%. Which of the..
Determine the approximate learning percentage : Determine the approximate learning percentage. Using your answer from part a, estimate the average completion time per repetition assuming a total of 30 repetitions are planned.
What is the variable cost per unit-total costs for the year : Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $18.30 per unit, and the variable labor cost is $6.20 per unit. What is the variable cost per unit? Suppose NSI incurs fixed costs of $640,000 during a year in wh..
What is the accounting break-even quantity : A project has the following estimated data: price = $64 per unit; variable costs = $42 per unit; fixed costs = $15,000; required return = 15 percent; initial investment = $28,000; life = four years. Ignoring the effect of taxes, what is the accountin..
Sale of an asset that is depreciable and used in business : A loss on the sale of an asset that is depreciable and used in business is ________; a loss on the sale of a non-depreciable asset is ________.
A job is known to have a learning percentage : A job is known to have a learning percentage equal to 82. If the first unit had a completion time of 20 hours, estimate the times that will be needed to complete the third and fourth units.

Reviews

Write a Review

Operation Management Questions & Answers

  What is the effective annual rate of interest

A house is for sale for $250,000. You have a choice of two 20-year mortgage loans with monthly payments: (1) if you make a down payment of $25,000, you can obtain a loan with a 6% rate of interest or (2) if you make a down payment of $50,000, you can..

  Compare internal vs external recruiting

Compare internal vs external recruiting. When would you want to use each option? what are some advantages and disadvantages of each?

  Impact implementing these alternative approaches

Evaluate the concept of market competitiveness in relation to an organization’s pay system, particularly when it is unable to offer its employees market competitive salaries due to a lack of financial resources.

  Illustrate graphs and other tools to accomplish

How do you identify stakeholders within a project? illustrate graphs and other tools to accomplish this.

  How could a company known for superior quality

How could a company known for superior quality have so many quality problems? Use the elements of the 5P's Model to analyze this scenario.

  Weighted moving average and exponential smoothing

Among simple moving average, weighted moving average, exponential smoothing, and linear regression, which forecasting technique would you consider the most accurate? In detail explain Why?

  Define your underlying ethical system

Define your underlying ethical system, its primary principles, the sources that helped shape your ethics-such as people, institutions, events, and so forth-and the criteria and decision-making factors you have used to revise them.

  The average stock price for companies making up the

the average stock price for companies making up the standard amp poor 500 was 30 per share and the standard deviation

  Identify three internal and external factors influencing

Identify three internal and three external factors influencing the setting of prices. Discuss how each of these factors influences the price of a service.

  What is the title of the position

What is the title of the position?

  Determine the minimum production level

A company is to make a decision on whether or not to purchase a machine to package its product and has asked you to review the information and provide them with answers to some questions.

  Determining how many subordinates will report to manager

Determining how many subordinates will report to each manager gives an organization its

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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