Journal of Student Research 2015

234 Journal Student Research 3.Cost to produce any particular unit

a.Using “unit improvement table” and the “% learning curve”: (unit #1

cost) x (table value for that unit). B.PCM

Problem Category: Learning Curve Important Information:

Unit # Cost 1. $10,000

2. $8,300 3. $7,300 4. $6,200 5. $6,000 6. $5,700 7. $5,300 8. $5,100

Problem Solution via PCM:

1.What are the % learning curve characteristics? a.Give answer in “%” 2.What are the estimated average costs for the first 500 golf carts? a.Give answer as “average cost per golf cart” 3.What are the costs to produce the 500th golf cart? a.Give answer in “$ for 500th golf cart” Concept Map The concept map is created by the following method and sequence as de scribed in the Table I. Calculate the learning curve %

a) % calculation of unit 2 divided by unit 1 b) % calculation of unit 4 divided by unit 2 c) % calculation of unit 8 divided by unit 4 d) Etc., now average the above calculations and divide by the number

of calculations.

Calculate the average cost of x number of units

a)Use cumulative values table to obtain factor (learning curve % and

# units that are of interest)= fc b)(unit #1 cost)*fc