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A new hire for your company appears to have a learning rate of 80% for the task they will be doing. If that rate applies for 16 cycles (i.e., their "learning" levels off after 16 repetitions of the task), then how long will it take them to do their first 25 tasks assuming that their first attempt takes them 30 minutes? What if you were comparing that potential new hire to second new hire whose first try was also 30 min but whose learning rate was 50% for 4 cycles (and constant thereafter)? Who would be the better new hire if you cared about employing them for 70 cycles of the task, why?
Total time for first new hire to do first 25 tasks:_______________________________________
Total time for second new hire for 25 tasks:________________________________________
Who is better for doing 70 cycles:________________________________________
Why?______________________________________________________________
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Prepare the Solver model by logging all the information to the Solver Parameters window in Excel.
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