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Exercise on learning curves

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Reference no: EM132267407

Complete the following exercise on learning curves (see Page 2 of this assignment).

Suppose that you are the estimator who is assigning costs to a major project to be undertaken this year by your firm, Acme Software Developers. One particular software development process involves many labor-hours, but the work is highly redundant. You anticipate a total of 100,000 labor-hours to complete the first iteration of the software development process and a learning curve rate of 80%. You are attempting to estimate the cost of the tenth iteration of this repetitive process.

Based on this information and a $60 per hour labor rate, what would you expect to budget as

A.  The cost of the tenth iteration?

B. The cost of the twentieth iteration?

Reference no: EM132267407

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