a)
To determine: The time required for the fourth and eighth installation for a learning rate of 92%.
Introduction:
Learning curve:
Learning curve is based on the premise that when a person is repeating a task or job again and again, the performance of the person on that job or task will improve. It will depict relationship between cost and output over a definitive period of time.
Doubling effect:
The concept is that each time when an output is doubled, the time it took to develop the doubled unit will be x% of the time it took to produce the base unit. Here ’x’ is the learning curve rate.
b)
To determine: The time required for the fourth and eighth installation for a learning rate of 84%.
Introduction:
Learning curve:
Learning curve is based on the premise that when a person is repeating a task or job again and again, the performance of the person on that job or task will improve. It will depict relationship between cost and output over a definitive period of time.
Doubling effect:
The concept is that each time when an output is doubled, the time it took to develop the doubled unit will be x% of the time it took to produce the base unit. Here ’x’ is the learning curve rate.
c)
To determine: The time required for the fourth and eighth installation for a learning rate of 77%.
Introduction:
Learning curve:
Learning curve is based on the premise that when a person is repeating a task or job again and again, the performance of the person on that job or task will improve. It will depict relationship between cost and output over a definitive period of time.
Doubling effect:
The concept is that each time when an output is doubled, the time it took to develop the doubled unit will be x% of the time it took to produce the base unit. Here ’x’ is the learning curve rate.
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