Online College Courses for Credit

Learning Curve Model problem

Learning Curve Model problem

Author: michael ritchey

Click link for download:

Medco, Inc. manufactures microsurgical instruments used in products such as minimally invasive surgical procedures. The primary customers for these products are hospitals. Hospitals require that the learning curves be employed in the bid process for awarding contracts. Medco is planning to bid on a 350-unit contract offered by Ohio State Medical Center. Medco estimates that the first unit will require 126 hours of direct labor to produce. The industry learning curve for this particular type of product is 78 percent. Determine the average number of labor hours required to produce the first 100 units. How many hours are required to produce 350 units?

See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

46 Sophia partners guarantee credit transfer.

299 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 33 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.