Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis, In the past, the

image text in transcribed
image text in transcribed
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis, In the past, the firm has assigned each project to a single member of its highly trained professional staff. This person would both gather and analyze the data. Using this approach, an experienced person can complete an average of 10 such projects in an eight-hour day. The firm's management is thinking of assigning two people to each project in order to allow them to specialize and become more efficient. The process would require the data gatherer to fill out a matrix on the computer, check it, and transmit it to the statistical analysis program for the analyst to complete. Data can be gathered on one project while the analysis is being completed on another, but the analysis must be complete before the statistical analysis program can accept the new data. After some practice, the new process can be completed with a standard time of 20 minutes for the data gathering and 30 minutes for the analysis. a-1. What is the production (output per hour) for each alternative? Note: Round your answers to 2 decimal places. a-2. What is the productivity (output per labor hour) for each alternative? Note: Round your answers to 2 decimal places. b-1. How long would it take to complete 1,000 projects with each alternative? b-2. What would be the labor content (total number of labor hours) for 1,000 projects for each aiternative

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations And Supply Chain Management

Authors: F. Robert Jacobs, Richard Chase

14th Edition

978-0077824921, 78024021, 9780077823344, 007782492X, 77823346, 978-0078024023

More Books

Students also viewed these General Management questions