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  • Madam 1c3011

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    Goodluck Sumari
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    Two models are used to capture different forms of learning curves: a) exponential model where labor-hours per unit decline exponentially as cumulative production increases. The data is fitted to the equation Y=aXb where a and b are constants. b) linear model where the decline in labor-hours per unit is linear with respect to cumulative production. The data is fitted to the equation Y=a+bX where a is the initial labor-hours and b is the slope of decline. The document includes a table of running and maintenance costs data that is fitted to the linear model with the equation Y=8,424.733+2.5955X.

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    Two models are used to capture different forms of learning curves: a) exponential model where labor-hours per unit decline exponentially as cumulative production increases. The data is fitted to the equation Y=aXb where a and b are constants. b) linear model where the decline in labor-hours per unit is linear with respect to cumulative production. The data is fitted to the equation Y=a+bX where a is the initial labor-hours and b is the slope of decline. The document includes a table of running and maintenance costs data that is fitted to the linear model with the equation Y=8,424.733+2.5955X.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    12 views1 page

    Madam 1c3011

    Uploaded by

    Goodluck Sumari
    Two models are used to capture different forms of learning curves: a) exponential model where labor-hours per unit decline exponentially as cumulative production increases. The data is fitted to the equation Y=aXb where a and b are constants. b) linear model where the decline in labor-hours per unit is linear with respect to cumulative production. The data is fitted to the equation Y=a+bX where a is the initial labor-hours and b is the slope of decline. The document includes a table of running and maintenance costs data that is fitted to the linear model with the equation Y=8,424.733+2.5955X.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    A learning curve is a function that measures how labor-hours per unit decline as units of

    production increase because workers are learning and becoming better at their jobs. Two models
    used to capture different forms of learning are:

    Running

    Maintenance

    Hrs (X)

    Cost (Y)

    "000"

    "000"

    X2

    Y2

    XY

    2,100

    13,600

    4,410,000

    184,960,000

    28,560,000

    2,800

    15,800

    7,840,000

    249,640,000

    44,240,000

    2,200

    14,500

    4,840,000

    210,250,000

    31,900,000

    3,000

    16,200

    9,000,000

    262,440,000

    48,600,000

    2,600

    14,900

    6,760,000

    222,010,000

    38,740,000

    2,500

    15,000

    6,250,000

    225,000,000

    37,500,000

    15,200

    b=

    a=

    90,000 39,100,000 1,354,300,000

    Y=8,424.733+2.5955X
    b)

    229,540,000

    =2.5955

    =8,424.733

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