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ICEAA TechShowcase: Modeling Unit Learning Curves from Lot Data
April 28, 2021 @ 12:00 pm - 1:00 pm
Palisade Presents:
Modeling Unit Learning Curves from Lot Data
Wednesday, April 28 2021
12 noon EDT
Estimating the cost of a project or manufacturing operation where the effect of learning is anticipated can pose a calculational challenge, especially when extrapolating from lot data. After a brief introduction covering the basics of unit learning/experience curves, this webinar will: demonstrate how to make the appropriate transformations for modeling a power curve from lot data; use Excel’s Goal Seek to solve for the unknown learning curve “slope;” and with the resulting regression equation’s error term as the input variable run an @RISK simulation for the cost of a succeeding lot.
Presented by Dr. Steve Van Drew
Dr. Steve Van Drew embodies the jack-of-all trades lifestyle as a former leader/manager, academician, and analytical practitioner, with a multi-disciplinary education in engineering, applied economics, and management science/operations research. Steve enjoys a busy “retirement” near Richmond, VA, and yet manages to dedicate time to share his passion for spreadsheet modeling and @RISK.