The Compton Company is manufacturing a solar grain dryer that requires methods and materials never before used b the company. The order is for 80 units. The first unit took 46 direct labor hours, whereas the 10th unit took only 24 direct labor hours. 1. Estimate the rate of learning that occurred for this product. (show work) 2. Use the learning rate in part (1) to estimate direct labor hours for the 80th unit.

Practical Management Science
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Author:WINSTON, Wayne L.
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The Compton Company is manufacturing a solar grain dryer that requires methods and materials never before used b the company. The order is for 80 units. The first unit took 46 direct labor hours, whereas the 10th unit took only 24 direct labor hours.

1. Estimate the rate of learning that occurred for this product. (show work)

2. Use the learning rate in part (1) to estimate direct labor hours for the 80th unit.

Expert Solution
Step 1

The learning rate is a tuning parameter in an optimization method that sets the step size at each iteration while working toward a loss function minimum in machine learning and statistics.

The learning rate is a hyper-parameter that governs how much we alter our network's weights in relation to the loss gradient. The lower the value, the more slowly we descend the slope. An employee or worker's repetitive tasks are typically represented by a learning curve, which is a notion that visually illustrates the relationship between the cost and output over a specified period of time.

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