ORIE_3150_Homework__10_answers - ORIE 3150 Homework #10 1....

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ORIE 3150 Homework #10 1. Depregno Industries is making a labor intensive industrial filter product. They found the fourth unit cost $30,000 in labor. The eighth unit had a labor cost of $26,100. Given that learning is taking place, find the expected labor cost for the: a. 7 th unit b. 11 th unit s = 26100/30000 = 0.87 n = (log s)/(log 2) = (log 0.87)/(log 2) = -0.200913 Z u = Ku n K = (30000)(4) 0.200913 = $39,635 Z 7 = (39,635)(7) -0200913 = $26,810 cost for 7 th unit Z 11 = (39,635)(11) -0200913 = $24,482 cost for 11 th unit Most of the problems seemed to stem from copying the answers from the previous semester. Obviously that is a bad idea.
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2. A contractor manufactures small backup power systems. Learning is taking place. Given the following data, estimate the cost of unit #6 and unit #10. Unit 1: $46,346 Unit 2: $38,941 Unit 3: $32,611 Unit 4: $31,929 Unit 5: $28,645 u Z Log u Log Z 1 46346 0 4.666012 2 38941 0.30103 4.590407 3 32611 0.477121 4.513364 4 31929 0.60206 4.504185 5 28645 0.69897 4.457049 slope -0.29529 n intercept 4.668997 46666 K Z 6 = Ku n = (46666)(6) -0.29529 = $27,493 Z 10 = Ku n = (46666)(10) -0.29529 = $23,643
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3. Johnson Manufacturing has the following data from its factory, collected on a monthly basis over the past eight months. . Production
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ORIE_3150_Homework__10_answers - ORIE 3150 Homework #10 1....

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