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Jericho Vehicles manufacturers special-purpose all terrain vehicles primarily for military and government agencies in Canada as well as for foreign governments. The company is planning to bid on a new all-terrain vehicle specially equipped for desert military action. The company has experienced an 87% learning curve in the past for producing similar vehicles. Based on a prototype model, it estimates the first vehicle produced will require 1,500 hours of direct labour. The order is for 60 all-terrain vehicles.   Determine the time that will be required for the 30th and 60th units.   Show your calculations to justify your answer

Jericho Vehicles manufacturers special-purpose all terrain vehicles primarily for military and government agencies in Canada as well as for foreign governments. The company is planning to bid on a new all-terrain vehicle specially equipped for desert military action. The company has experienced an 87% learning curve in the past for producing similar vehicles. Based on a prototype model, it estimates the first vehicle produced will require 1,500 hours of direct labour. The order is for 60 all-terrain vehicles.   Determine the time that will be required for the 30th and 60th units.   Show your calculations to justify your answer

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Jericho Vehicles manufacturers special-purpose all terrain vehicles primarily for military and government agencies in Canada as well as for foreign governments. The company is planning to bid on a new all-terrain vehicle specially equipped for desert military action. The company has experienced an 87% learning curve in the past for producing similar vehicles. Based on a prototype model, it estimates the first vehicle produced will require 1,500 hours of direct labour. The order is for 60 all-terrain vehicles.

 

Determine the time that will be required for the 30th and 60th units.

 

Show your calculations to justify your answer

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