Question: Problem 8.21 identified how long it should take to complete the fifth oil-drilling platform that Natural Resources plans to purchase. How long should all five

Problem 8.21 identified how long it should take to complete the fifth oil-drilling platform that Natural Resources plans to purchase. How long should all five oil-drilling rigs take to complete? The simplified formula for calculating learning rate time using the table coefficients is given as:

TN = T1C where TN = Time needed to produce the nth unit T1 = Time needed to produce the first unit C = Learning curve coefficient

Learning Curve Coefficients (Unit Time and Total Time Multipliers) 70% 75% 80%

Learning Curve Coefficients (Unit Time and Total Time Multipliers) 70% 75% 80% 85% Steady State Unit Unit Time Total Time Unit Time Total Time Unit Time Total Time Unit Time Total Time 5 .437 3.195 .513 3.459 .596 3.738 .686 4.031 10 .306 4.932 .385 5.589 .477 6.315 .583 7.116 15 .248 6.274 .325 7.319 418 8.511 .530 9.861 20 .214 7.407 .288 8.828 381 10.485 .495 12.402 25 .191 8.404 .263 10.191 .355 12.309 .470 14.801 30 .174 9.305 .244 11.446 .335 14.020 .450 17.091 35 .160 10.133 .229 12.618 .318 15.643 .434 19.294 40 .150 10.902 .216 13.723 .305 17.193 .421 21.425 Based on a = 1.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Project Management Questions!

8.22 Problem 8.21 identified how long it should take to complete the fifth oil-drilling platform that Natural Resources plans to purchase. How long should all five oil-drilling rigs take to complete?

Problem 8 identified how long it should take to complete the fifth oil-drilling platform that Natural Resources plans to purchase. How long should all five oil-drilling rigs take to complete? In...

8.22 Problem 8.21 identified how long it should take to complete the fifth oil-drilling platform that Natural Resources plans to purchase. How long should all five oil-drilling rigs take to complete?

Data Question 5) Problem 4 identified how long it should take to complete the fifth oil drilling platform that Natural Resources plans to purchase. How long should all five oil- drilling rigs take to...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Up until the time of the COVID-19 crisis, what has been the basis of Lenovo's competitive advantage? How has it managed to leverage its global operations to increase both market share and efficiency?...

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Obviously, insurance companies incur immense risks because of the number of policies they issue, but you may not know...

1a) Explain the term decentralized organization. Also provide some real life company examples of the various types of decentralized organizational structure that you know. *Consider the present IR...

Head-First Company plans to sell 5,000 bicycle helmets at $70 each in the coming year. Unit variable cost is $49 (includes direct materials, direct labor, variable overhead, and variable selling...

E5-42B Compute equivalent units and assign costs (Learning Objectives 2, 3, & 4) The Assembly Department of Crackle Surge Protectors began September with no work in process inventory. During the...

We discussed the square root of age dependence of oceanic lithospheric thickness, and how this controls the bathymetric profile across an ocean basin. As we have seen, this collapses to a simple...

A local pharmacy has the following pertaining to prescription requests and service times on a typical Monday: 1. Determine for each time period the probability that there are no customers in the...

Refer to the data in Problem C.3. Jonathan Trott, the manager of the driver license center, is interested in computing the per day total cost of the waiting line system at the center. He has...

What does the term steady state mean in the context of a waiting line system?

Calculate Material Mix Variance for Material B. Standard - Material A - 90 kgs @ Rs. 12/-per kg and Material B-60 kgs @ Rs. 15/- per kg. Quantities actually used were Material A 100 kgs @ Rs. 12/-...

Part B (5 Marks) Briefly discuss how does a lessee account for leases in accordance with AASB 16 "Leases". Additionally, you are expected to include in your discussion the accounting for initial and...

1 Staffing with the M/M/s Queue McNeese is determining the staffing level for their credit union located within the university, and has recently hired two tellers (servers). The beginning of the fall...