Question
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
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=axb,
where a and b are constants. Suppose that the accompanying data on production times for the first ten units produced were collected from a new project at Glasgow Machine Tool. 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.
Unit Production Hours 1 3161 2 2720 3 2615 4 2278 5 2028 6 2193 7 2249 8 2268 9 1994 10 2000
The model is
y=( )x^(- )
(Round to two decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started