Calculating cost of repetitive activity for project

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Reference no: EM131428283

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 rate and the learning rate is 75%. Calculate the initial output time for the first unit produced, using the learning curve formula:

Y?=ab

b= log decimal learning rate/log 2 

I get the log decimal from the chart below (.288), but how do I figure out the value for log2?

Learning Curve Coefficient Table


70%

75%

80%

85%

Unit Rate

Unit Time

Total Time

Unit Time

Total Time

Unit Time

Total Time

Unit Time

Total Time

5

.437

3.195

.513

3.459

.596

3.738

.686

4.031

10

.306

4.932

.385

5.589

.477

6.315

.583

7.116

15

.248

6.274

.325

7.319

.418

8.511

530

9.861

20

.214

7.407

.288

8.828

.381

10.485

.495

12.402

Reference no: EM131428283

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