What would be percentage-age reduction in monthly scrap cost

Reference no: EM13236928

Sally is implementing a system of statistical process control charts in her factory in an effort to reduce the overall cost of scrapped product. The current cost of scrap is $X per month. If an 80% learning curve is expected in the use of the SPC charts to reduce the cost of scrap, what would be the percentage-age reduction in monthly scrap costs be after the charts have been used for 12 months?

Reference no: EM13236928

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