f a company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.8 hours respectively. What is the appropriate learning curve? Explain and show your answer.
f a company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.8 hours respectively. What is the appropriate learning curve? Explain and show your answer.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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If a company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.8 hours respectively.
What is the appropriate learning curve? Explain and show your answer.
Expert Solution
Step 1
Learning rate equation is -
Tn=T1nb
where,
n = the unit number
T1 = time taken to supply first unit = 10.4 hours
Tn = time taken to supply nth unit
p = the training rate
b = ln p / ln 2
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