Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 1.10, Problem 34P
Summary Introduction

To determine: The time required to produce 100,000th, assuming the learning curve remains accurate on considering the learning curve derived in problem 30.

Introduction:

Learning curve strategy refers to the graphical representation of the relationship between cost and output over a fixed period.The learning curve is based on the idea that the process gets better overtime or as the task repeated.

Learning rate is part of the learning curve. In the learning rate technique, learning grows withspecified percentage every time when the time is doubled.

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