- May 24, 2021 at 12:05 pm #621595TANSINYEEMember
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There is a learning curve of 75% for the first 15 jobs. For components PP, new designer has completed his first job in 5 hours. His paid is $12 per hour.
**Learning rate 75% Learning factor -0.415
What the labour cost for sixth job?
Ans given is 17.28 but I dont know how the calculations works. Can Mr Moffat briefly explain to me. Fully appreciate.May 24, 2021 at 2:36 pm #621627John MoffatKeymaster
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You need to use the formula provided to calculate the average time per job when they do six jobs.
Multiplying this by 6 gives you the total time taken to do 6 jobs.
Then you use the formula to calculate the average time per job when they do five jobs.
Multiplying this by 5 gives you the total time taken to do 5 jobs.
To find out how long the 6th job took, we subtract the total time to do 5 jobs from the total time to do 6 jobs.
I do explain all of this, with examples, in my free lectures on learning curves. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.
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