Question: Problem 1 A contractor tends to bid on a job installing 5 0 airport security systems. Because this will be a new line of work
Problem
A contractor tends to bid on a job installing airport security systems. Because this will be a new line of work for the contractor, he believes there will be a learning effect for the job. After reviewing time records for similar types of activity, the contractor is convinced that an percent learning rate is appropriate. He estimates that the first job will take his crew days to install. Calculate the following:
a The time estimate in days for producing the installation.
b The cumulative time estimate in days for the first installations.
c The cumulative time estimate in days for the second installations.
d The cumulative time estimate in days for all installations.
e If each worker assigned to this project works days per month, how many workers should be assigned to this project to complete it in a month?
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