Acme,Inc,Produces Widgets

question 69

Multiple Choice

Acme,Inc.,produces widgets.To manufacture a new type of widget,it took 100 hours for the first widget.Acme estimates it has a 95% learning rate.Using the logarithmic approach,calculate the time it will take to manufacture the 75th widget.

• A)62.89 hours
• B)72.70 hours
• C)56.55 hours
• D)76.42 hours

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Definitions:

Aggregate Plan

A planning methodology in operations management aimed at determining overall output levels in the medium term to meet expected demand.

Aggregate Plan

A plan for production, inventory, and other resource levels, usually over an intermediate time frame, to meet expected demand.

Supply Chain

A system consisting of companies, individuals, processes, data, and assets engaged in the transportation of goods or services from the provider to the consumer.

Aggregate Planning

A process in operations management aiming to determine an optimal production plan to meet fluctuating demand in the medium term while minimizing costs.