Two companies (Alpha and Beta) quote the same job, but in different ways: Alpha: Part 1 = $1000,…

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Two companies (Alpha and Beta) quote the same job, but in different ways: Alpha: Part 1 = $1000,…

by | Nov 24, 2022

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Two companies (Alpha and Beta) quote the same
job, but in different ways: Alpha: Part1 = $1000, Part200 =
$900

Beta: Part1 = $1100, cumulative average cost at Part300 = $800

You must have a total of 2000 parts manufactured. Who should you award the contract to?

Considering the data given below, use a least squares fit to determine
the cumulative average learning curve on the production time.

Unit

Time/unit ( hours)

1

3.2

2

Two companies (Alpha and Beta) quote the same
job, but in different ways: Alpha: Part1 = $1000, Part200 =
$900

Beta: Part1 = $1100, cumulative average cost at Part300 = $800

You must have a total of 2000 parts manufactured. Who should you award the contract to?

Considering the data given below, use a least squares fit to determine
the cumulative average learning curve on the production time.

Unit

Time/unit ( hours)

1

3.2

2

3.14

3

3.05

4

3.05

5

3.01

6

2.98

7

2.9

Considering the data given below, use a least squares fit to determine
the cumulative average learning curve on the production time.

Unit

Total Time
(hours)

1-20

60

21-43

54

44-100

100

101-200

200

201-300

190

301-400

185

401-500

184

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