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vekshin1
2 years ago
7

A Methods and Measurements Analyst needs to develop a time standard for a certain task. The task involves use of a ruler, square

, and portable electric saw to mark and cut the "notch" in a rafter (a standard carpentry task of home construction). In a preliminary study, he observed one of his workers performing this task five times. The observations were made in an airconditioned, well-lit training facility, at ground level, with all tools and equipment clean and readily available. Observation: 1 2 3 4 5 Task time (seconds): 82 74 80 83 76 a. What is the actual average time for this task? b. What is the normal time for this task if the employee worked at a 20% faster pace than is typical for adequately trained workers? c. What is standard time for this task if allowances sum to 14%? d. If the analyst then thought more carefully about his experiment and decided that the allowances needed to be increased to match the real (outside, not air-conditioned) work environment, and that the proper allowance was not 14% but 20%, what is the revised standard time?

Business
1 answer:
Alexxx [7]2 years ago
4 0

Find the answer in attachment

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Under the MaxiMax criteria, the best of the maximum payoffs of all the alternatives will be selected.

Maximum payoff under large stock = $22000

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The , best of above payoff is $22000, so large stock alternative will be selected.

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Under the MaxiMin criteria, the best of the minimum payoffs of all the alternatives will be selected.

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The maximum payoff is with the large stock alternative, then large stock alternative is selected.

D.

With the given probabilities,

Expected payoff under the large stock = (.3*22000 + .5*12000 -.2*2000) = $12200

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The maximum payoff is with the large stock alternative, then large stock alternative is selected.

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Answer:

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