Operation Management-Learning Curve
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It cost a contractor $12,750 to manufacture their first unit. The company expects to experience a 94% unit learning curve. Estimate the cost of the 10th unit.
A $11,985
B $10,380
C $11,057
D $15,661
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Solution Summary
The solution describes the steps to estimate the cost of a given unit by using Learning Curve concepts.
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x=unit number=10
b=learning rate=94%
n=ln(b)/ln(2)=ln(94%)/ln(2)= ...
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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