Learning Curve. 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 1,600 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.
Learning Curve.
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 1,600 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.
Use an excel spreadsheet or tables to show your calculations and justify your answer.
Note: Include a graph to represent the final answer.
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