1. Rose is a project manager at the civil engineering consulting firm. She has been collecting data on a project in which concrete pillars were being constructed; however not all the data are available. She has been able to find out that the 10th pillar required 300 person-hours to construct and that a 70% learning curve applied. She is interested in calculating the time required to construct the 1st and 20th pillars. Compute the values for her.

1. Rose is a project manager at the civil engineering consulting firm. She has been collecting data on a project in which concrete pillars were being constructed; however not all the data are available. She has been able to find out that the 10th pillar required 300 person-hours to construct and that a 70% learning curve applied. She is interested in calculating the time required to construct the 1st and 20th pillars. Compute the values for her.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Engineering Economics11