Your firm has expertise with a special type of hand-finished furniture. The learning curve is known to be 82%. If the first piece of furniture took 6 hours, estimate (using the doubling approach) how long it will take to complete the third unit
What will be an ideal response?
Using the doubling approach, the second unit will take 0.82 ? 6 = 4.92 hours and the fourth unit will take 0.82 ? 0.82 ? 6 = 4.03 hours. The third unit must take an amount of labor between these two values, but not exactly halfway. There is more absolute improvement from unit 2 to unit 3 than from unit 3 to unit 4. A reasonable estimate would be about 4.4 or 4.5 hours (the answer from Excel OM is 4.38 hours).
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