Complex cyber-physical system

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Question

You have a supplier for delivering a complex cyber-physical system to be fit into your newly developed product. Assume the following facts: The supplier's learning rate is 30%. So, the process is operating on a 70% learning curve. Labor rates are $20 per hour. The first unit needs 100 hours of production at supplier's end. You need 250 units of the product from the supplier. Under the given situation, what will be the percentage reduction in the cost if we compare the labor cost for producing the first unit and the 250th unit?

Reference no: EM133317313

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