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BUS/515 BUS515 BUS 515 Week 8 Homework

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BUS 515 Week 8 Homework Problem 6 The Arkade Company has decided to use a 15 percent allowance factor based on job time. Calculate the standard time for each work element and for the total job. The frequency equals 1 for all work elements. Problem 8 The Arkade Company is considering switching to a 15 percent allowance based on time worked. Calculate the new standard time for each work element and for the total job. The frequency equals 1 for all work elements. Problem 10 The Arkade Company used a 15 percent allowance factor based on job time and 15 percent allowance based on time worked. What allowance factor is better when all of the jobs an emlpoyee does are similar and have the same allowance factor? Time Worked Compare standard times and units produced per day based on both allowance factors and decide which of them provides the best result. Job Time Problem 6 Using the following project information, calculate the variance for each of the project activities. Activity Optimistic Time Estimate(weeks) Most Likely Time Estimates (weeks) Pessimistic Time Estimates (weeks) Immediate Predecessor(s) A 3 6 9 none B 3 5 7 A C 4 7 12 A D 4 8 10 B E 5 10 16 C F 3 4 5 D,E G 3 6 8 D,E H 5 6 10 F I 5 8 11 G J 3 3 3 H,I Problem 8 Using the following project information Activity Optimistic Time Estimate(weeks) Most Likely Time Estimates (weeks) Pessimistic Time Estimates (weeks) Immediate Predecessor(s) Variance Expected Time (weeks) A 3 6 9 none 1.000 6.00 B 3 5 7 A 0.444 5.00 C 4 7 12 A 1.778 7.33 D 4 8 10 B 1.000 7.67 E 5 10 16 C 3.361 10.17 F 3 4 5 D,E 0.111 4.00 G 3 6 8 D,E 0.694 5.83 H 5 6 10 F 0.694 6.33 I 5 8 11 G 1.000 8.00 J 3 3 3 H,I 0.000 3.00

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