Calculate initial output time for the first unit produced

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Reference no: EM131841104

Question: Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. There are a total of 20 iterations of this activity required for the project. The project activity takes 2.5 hours at its steady state rate and the learning rate is 75%. Calculate the initial output time for the first unit produced, using the learning curve formula:

Y_x = aX^b

where

Y_x = the time required for the steady state, x, unit of output

a = the time required for the initial unit of output

X = the number of units to be produced to reach the steady state b = the slope of the learning curve, represented as: log decimal learning rate/log 2

Reference no: EM131841104

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