1) When deciding whether to use the unit formulation of the learning curve or the cumulative average formulation, all of the following would be reasons to select the cumulative average formulation EXCEPT FOR:
Availability of production tooling
Production concurrent with development
Lack of experience with similar projects
Having variability in the design
2) Given the following information, determine the equation for the unit formulation. (Round intermediate calculations to 4 decimal places)
[Image Description: Table listing Unit Number (X) and Unit Cost ($Y). Unit 1 = $1000, Unit 2 = $933.00, Unit 3 =$895.91, Unit 4=$870.49]
Y = (1000)(X) -0.1001
Y = (1000)(X) -0.2515
Y = (1000)(X) 0.6931
Y = (1000)(X) 0.8700
3) The first unit required 9800 hours to manufacture. The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit. (Round intermediate calculations to 4 decimal places)
4155 hours
5408 hours
4855 hours
23112 hours
4) It took a contractor 7000 hours to manufacture their first unit of an item. If the contractor expects to achieve a 94% unit learning curve, how many hours would be required to manufacture units 76-100?
117,382
112,627
507,717
507,683
5) In the following unit learning curve equation:
Y=34(X)-0.134425
The slope equals 91.1%
The slope equals 88%
Y is the cost of the first unit
Y represents the cost of the 34th unit