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Author Question: Each time Mayberry Nursery hires a new employee, it must wait for some period of time before the ... (Read 50 times)

ghost!

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Question 1

Discuss the potential use of nonlinear curves in cost functions and cost analysis. Give some examples.

Question 2

Each time Mayberry Nursery hires a new employee, it must wait for some period of time before the employee can meet production standards. Management is unsure of the learning curve in its operations but it knows the first job by a new employee averages 40 hours and the second job averages 32 hours. Assume all jobs to be equal in size. 

Required: 
a.What is the learning-curve percentage, assuming the cumulative average-time method?
b. What is the time for a new employee to build 16 units with this learning curve using the cumulative average-time method? You may use an index of −0.1520.


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Marked as best answer by ghost! on Mar 6, 2021

lolol

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ghost!

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


kthug

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Reply 3 on: Yesterday
Excellent

 

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