Essay
A company is preparing a bid on a government contract for 40 units of a certain product. The operations manager estimates the assembly time required for the first two units to be 10.4 hours and 8.3 hours, respectively.
(a) What is the appropriate learning curve?
(b) What is the average time per unit for the 40 units?
(c) Which unit, if any, will require approximately one-half the time of the first unit?
Correct Answer:
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(a) The learning curve is 8.3/10.4 = 0.7...View Answer
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Correct Answer:
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