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Assume that the Open Waters Company, which is under contract to the Navy, assembles troop deployment boats. (Click the icon to view the additional information.) Open Waters reports the following cost information for the first PT 109 assembled. (Click the icon to view the cost information.) Requirement 1. Prepare a prediction of the total costs for producing the six PT109s for the Navy. Begin by calculating the cumulative total time in labour-hours. (Round the individual unit time for Xth unit to the nearest whole number.) (Enter the hours rounded to the nearest hour.) What is the total time in hours to produce six PT109s? Now, calculate the predicted total costs of producing the six PT109s. (Round your answers to the nearest Requirement 2. Compare the cost prodictions from requirement 1 (incremental unit-time leaming model) with the cost predictions based on a cumutative average-time learning model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters decide which model it should use (Click the icon to view the cumulative averago-time leaming moder's cumulative average time per unit and cumulative fotal time) Difference in total costs to manufacture the second throuah seventh boat under the incremental unit-lime leaming model, and the cumulative average-time leam model is 5 The total costs are higher for the Why are the predictions different? Direct manufacturing labour-hours required to make additional units in the incremental unit-time leaming curve relative to the cumulative average-time learning curve when the same 90% factor is used for both curves. The reason is that, in the Direct manufacturing labour-hours required to make additional units average-time learning curve when the tame 90% factor is usod for both curves. The reason is that, in the of units double only the last unit produced has a cost of 90% of the initial cost. In the causes the costofalltheunitsproducog(notjustthelastunit)tobe90%oftheinitialcost. How should Open Waters decide which model it should use? It is important to recognize that managers make their choices Engineers, plant managers, and workers are good sourcesi information on the amount and type of learning actually occurring as production increasess. Plotting this information and estimating the model that is helpful in selecting the appropriate model. Data table Using the formula for a 90% learming curve, ln2ln2=0.693147= u. 152vur More info As part of its research program, it completes the assembly of the first of a new model (PT109) of deployment boats. The Navy is impressed with the PT 109. It requests that Open Waters submit a proposal on the cost of producing another six PT109s. 1. Prepare a prediction of the total costs for producing the six PT109s for the Navy. 2. Compare the cost predictions from requirement 1 (incremental unit-time leaming model) with the cost predictions based on a cumulative average-time leaming model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters decide which model it should use? Cumulative average-time learning model's cumulative average time per unit and cumulative total time: at the Open Waters Company, which is under contract to the Navy, assembles troop dep he icon to view the additional information.) Required learning model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters deciderwhich model it should use? Cumulative average-time learning model's cumulative average time per unit and cumulative total time: Assume that the Open Waters Company, which is under contract to the Navy, assembles troop deployment boats. (Click the icon to view the additional information.) Open Waters reports the following cost information for the first PT 109 assembled. (Click the icon to view the cost information.) Requirement 1. Prepare a prediction of the total costs for producing the six PT109s for the Navy. Begin by calculating the cumulative total time in labour-hours. (Round the individual unit time for Xth unit to the nearest whole number.) (Enter the hours rounded to the nearest hour.) What is the total time in hours to produce six PT109s? Now, calculate the predicted total costs of producing the six PT109s. (Round your answers to the nearest Requirement 2. Compare the cost prodictions from requirement 1 (incremental unit-time leaming model) with the cost predictions based on a cumutative average-time learning model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters decide which model it should use (Click the icon to view the cumulative averago-time leaming moder's cumulative average time per unit and cumulative fotal time) Difference in total costs to manufacture the second throuah seventh boat under the incremental unit-lime leaming model, and the cumulative average-time leam model is 5 The total costs are higher for the Why are the predictions different? Direct manufacturing labour-hours required to make additional units in the incremental unit-time leaming curve relative to the cumulative average-time learning curve when the same 90% factor is used for both curves. The reason is that, in the Direct manufacturing labour-hours required to make additional units average-time learning curve when the tame 90% factor is usod for both curves. The reason is that, in the of units double only the last unit produced has a cost of 90% of the initial cost. In the causes the costofalltheunitsproducog(notjustthelastunit)tobe90%oftheinitialcost. How should Open Waters decide which model it should use? It is important to recognize that managers make their choices Engineers, plant managers, and workers are good sourcesi information on the amount and type of learning actually occurring as production increasess. Plotting this information and estimating the model that is helpful in selecting the appropriate model. Data table Using the formula for a 90% learming curve, ln2ln2=0.693147= u. 152vur More info As part of its research program, it completes the assembly of the first of a new model (PT109) of deployment boats. The Navy is impressed with the PT 109. It requests that Open Waters submit a proposal on the cost of producing another six PT109s. 1. Prepare a prediction of the total costs for producing the six PT109s for the Navy. 2. Compare the cost predictions from requirement 1 (incremental unit-time leaming model) with the cost predictions based on a cumulative average-time leaming model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters decide which model it should use? Cumulative average-time learning model's cumulative average time per unit and cumulative total time: at the Open Waters Company, which is under contract to the Navy, assembles troop dep he icon to view the additional information.) Required learning model which has total costs of $5,626,607. Why are the predictions different? How should Open Waters deciderwhich model it should use? Cumulative average-time learning model's cumulative average time per unit and cumulative total time
