1. Business
  2. Economics
  3. 950 pm wed jan 30 es316 assignments 1pdf engineering economics...

Question: 950 pm wed jan 30 es316 assignments 1pdf engineering economics...

Question details

9:50 PM Wed Jan 30 ES316 assignments 1.pdf Engineering Economics 4 The Learning Curve The Mountain M bike workshop can only sell exact ly one customized bike every month, becausethe city only agrees to issue one plate for this type of modiied bike per mouth. So they make exact ly one every moath. Dg hefirst year of business (12 bikes was made), on average they can make a bike in 100 labor urs During the second year of business (anot her 12 was made), they improved a lot and were able to on average make the same bike in 75 labor hours. Unfort unately, we do not have records on how many labor hours they spent to make the bike in each month of the 24 months. Please estimate the learning-curve percent age/rate for their bike production. You may make any assumpt lons as you need, but please just ify them so that they sound reasonable to other engineers in the room CS) Dashboard in calendar -ToDo Notifications Inbox
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution