Richard Dulski's firm is about to bid on a new radar system. Although the product uses...
Richard Dulski's firm is about to bid on a new radar system. Although the product uses new technology, Dulski believes that a learning rate of 90% is appropriate. The first unit is expected to take 780 hours, and the contract is for 14 units.
a) The total amount of hours to build the 14 units = ______ hours (round your response to the nearest whole number).
b) The average time to build each of the 14 units = ____
Homework Answers
Answer:
b = Learning Constant = LN(Learning Percentage)/ LN(2) = LN(0.90)/LN(2) = -0.152
Tn = T1*n^b
Where T1 = 780
Total time to build the 14 units = Sum of time to build unit 1 to 14 = 8362.50 ~ 8363 hours
Average time to build the each of the 14 units = Total time/14 = 597.32 hours
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