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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