12. Many manufacturing situations, for example, the production of such large and complex items as aircraft or

Question:

12. Many manufacturing situations, for example, the production of such large and complex items as aircraft or machines, exhibit a learning effect in which the production time per unit decreases as more units are produced. This is often modeled by a power curve, y = ax-b, where a and b are constants. Suppose that data on production times for the first 10 units produced were collected from a new project at Glasgow Machine Tool:

Unit Production Hours 1 3,161 2 2,720 3 2,615 4 2,278 5 2,028 6 2,193 7 2,249 8 2,268 9 1,994 10 2,000 Develop a model for estimating the power curve to minimize the sum of the squared deviations of the errors. Use nonlinear optimization to find the parameters.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: