Acme Batteries is introducing a new line of batteries for electric vehicles. The first battery cell costs $120 with a learning rate of 0.80. How much does the 100th battery cost? Create an Excel spreadsheet based on the model in part a, change the number of units and compute the cost per cell repeatedly to experimentally determine at what number of units of production the cost comes down to $8 per battery cell. Copy and paste a screenshot of the spreadsheet below. Provide an explanation.
Acme Batteries is introducing a new line of batteries for electric vehicles. The first battery cell costs $120 with a learning rate of 0.80. How much does the 100th battery cost? Create an Excel spreadsheet based on the model in part a, change the number of units and compute the cost per cell repeatedly to experimentally determine at what number of units of production the cost comes down to $8 per battery cell. Copy and paste a screenshot of the spreadsheet below. Provide an explanation.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter8: Evolutionary Solver: An Alternative Optimization Procedure
Section8.6: Fitting An S-shaped Curve
Problem 9P
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Acme Batteries is introducing a new line of batteries for electric vehicles. The first battery cell costs $120 with a learning rate of 0.80.
- How much does the 100th battery cost?
- Create an Excel spreadsheet based on the model in part a, change the number of units and compute the cost per cell repeatedly to experimentally determine at what number of units of production the cost comes down to $8 per battery cell. Copy and paste a screenshot of the spreadsheet below. Provide an explanation.
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