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Given the lot data shown in table 1 complete table 2 and determine the unit theory learning curve. Assume an 85% learning curve to begin the analytical process. bble able 2 Lot Number 1 2 3 Units in Lots 20 50 25 Table 1 Lot Number 1 2 3 Cost (Man Hours) 3000 5500 2500 Units in Lots Cost (Man Hours) 20 3000 50 5500 25 2500 First Last LMP AUC Ln(LMP) Ln(AUC) I a. Develop the learning curve equation. b. Assume that the next lot, lot 4, contains 20 units. Estimate the cost in man hours for that lot.

Given the lot data shown in table 1 complete table 2 and determine the unit theory learning curve. Assume an 85% learning curve to begin the analytical process. bble able 2 Lot Number 1 2 3 Units in Lots 20 50 25 Table 1 Lot Number 1 2 3 Cost (Man Hours) 3000 5500 2500 Units in Lots Cost (Man Hours) 20 3000 50 5500 25 2500 First Last LMP AUC Ln(LMP) Ln(AUC) I a. Develop the learning curve equation. b. Assume that the next lot, lot 4, contains 20 units. Estimate the cost in man hours for that lot.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Given the lot data shown in table 1 complete table 2 and determine the unit theory learning curve. Assume an 85% learning curve to begin the analytical process. abbble able 2 Lot Number 1 2 3 Units in Lots 20 50 25 Table 1 Lot Number 1 2 3 Units in Lots Cost (Man Hours) 20 3000 50 5500 25 2500 Cost (Man First Last Hours) 3000 5500 2500 I LMP AUC Ln(LMP) Ln(AUC) a. Develop the learning curve equation. b. Assume that the next lot, lot 4, contains 20 units. Estimate the cost in man hours for that lot.
Transcribed Image Text:Given the lot data shown in table 1 complete table 2 and determine the unit theory learning curve. Assume an 85% learning curve to begin the analytical process. abbble able 2 Lot Number 1 2 3 Units in Lots 20 50 25 Table 1 Lot Number 1 2 3 Units in Lots Cost (Man Hours) 20 3000 50 5500 25 2500 Cost (Man First Last Hours) 3000 5500 2500 I LMP AUC Ln(LMP) Ln(AUC) a. Develop the learning curve equation. b. Assume that the next lot, lot 4, contains 20 units. Estimate the cost in man hours for that lot.
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