Calculating expected time of production
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A time was set at 0.20 hour per unit based on the 50th unit produced. If the task has a 90 percent learning curve, what would be the expected time of the 100th, 200th, and 400th units?
Work needs to be shown in Excel.
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Solution Summary
Solution describes the steps to calculate expected time to produce certain items.
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Please refer attached file for better clarity of formulas.
We know that Y=Kx^n
We are given that Y=0.20 for 50th unit. We should first find the time required to complete first unit.
Where Y=time required ...
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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