To draw: The learning curve rate. Introduction Human resource is one of the major resource of an organization like any other resource such as capital and raw material. Human resource of an organization includes the individuals who work for the organization. Employees working in the organization are the human resource.

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Chapter 8, Problem 7P

Summary Introduction

To draw: The learning curve rate.

Introduction

Human resource is one of the major resource of an organization like any other resource such as capital and raw material. Human resource of an organization includes the individuals who work for the organization. Employees working in the organization are the human resource.

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Jericho Vehicles is considering making a bid for a mobilerocket-launching system for the U.S. military. However,the company has almost no experience in producing thistype of vehicle. In an effort to develop a learning curvefor the production of this new mobile weapon system, management has called contacts from several former com-petitors who went bankrupt. Although management could not obtain direct learning curve rates, they did learn fromone contact that for a system with similar features, the firstunit required 2400 hours of direct labor to produce and the 30th and final unit required 1450 hours to produce. Deter-mine the learning curve rate for this vehicle.

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