Question: Please answer these numerical questions for OPM 6 2 5 . Part III. 6 numerical problems: 1 . A company can produce a small lot

Please answer these numerical questions for OPM 625.
Part III. 6 numerical problems:
1. A company can produce a small lot of products the first time at a cost of $10,000. If their 75 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 10 lots? You can look at the tables in the book.
A. $100,000
B. $93,978
C. $65,432
D. $55,890
E. $49,310
2. You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition. You find a company can produce a product the first time at a cost of $2,500. If their 65 percent Learning Curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product? You can look at the tables in the book.
A. $100,000
B. $78,900
C. $58,600
D. $45,765
E. $37,850
3. If the forecasts for three periods were 20,30, and 40 while actual demands for respective periods were 25,35, and 20 then the tracking signal is
A.1
B.10
C.1
D.10
E.3.33
4. The demand data for a firm are given below
Year Quarter Demand
11110
2400
3350
4200
25220
6420
7380
8240
39260
10470
11430
12270
The trend line has been calculated as Y =250+10X where Y is demand and X refers to quarters. The forecast for the third quarter of the fourth year will be
A.400
B.456
C.484
D.496
E.520
5. The following table gives monthly demand for a product.
Month Demand
16
213
316
423
Using regression analysis, the forecast for the fifth month is
A.26.0
B.26.5
C.28.0
D.33.4
6. The demand for a product during the last four months is given below
January 850
February 900
March 975
April 950
The forecast for January was 800. Using exponential smoothing with \alpha =0.3, the
forecast for May will be
A.840.500
B.901.595
C.950.785
D.990.400

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