Exam 26: Supplement I Learning Curve Analysis

A company is introducing a new product. The first unit took 1,000 hours to complete, and the fourth unit took 750 hours to complete. What is the rate of learning for this product?

The first unit took fifteen days to finish and the second unit was finished a mere 13.5 days later. How many more days will pass before the tenth unit is finished?

How are learning curves useful in financial planning?

The annual report for Luddite Corporation boasted of their ERP implementation and noted that, "while there were initially some growing pains, our learning rate for this system has been calculated at 100%." What are the implications of this statement?

A business that relies on learning effects to achieve their strategic objectives is most likely in a ________ volume ________ variety production sector.

Centurion Processing finishes the first unit in 120 hours and learns at a 70% rate. Their competitor, Ochenta Incorporated, completes their fist unit in 80 hours but learns at an 80% rate. If they match total output with each other how many units must each fierce rival make before Centurion's cumulative processing time is lower than Ochenta's?

Tim usually exhibits an 80% learning rate for the mechanical tasks he undertakes. His next big project, the fence along the street, will require 35 iterations of the fencepost task. If he has 80 hours available to work on the project, how fast must he perform the first iteration in order to finish all 35 within his allotted time?

Under learning curve theory, with a learning rate of 70 percent, the:

It took 100 hours to produce the first unit and 95 hours to produce the second unit. How many hours are required to produce the eighth unit? [Note: a calculator is required to answer this question.]

Which one of the following statements about learning curves is False?

Which statement regarding the effect of automating some of the direct labor in a process is best?

Case I.1 The production schedule for a new product follows. The first unit took 100 hours to complete, and the rate of learning is 80 percent. Each employee works 40 hours per month. -Using the information in Case I.1, how much time will it take to produce the units in month 1?

What are the three major assumptions of the learning curve?

For a company that produces hand held calculators, the Operations Manager knows that in the early stages of production for a new product, the expenditures exceed receipts, whereas in the latter stages, the reverse is True. Give an explanation for this phenomenon.

The mathematical model that is used to generate a learning curve is ________.

Given that the fifth unit took 10 hours to build and the learning rate is 90 percent, how much time will it take to build units 11 through 15?

It took 100 hours to produce the first unit and the learning rate is 80 percent. How much time will it take to produce units 16 through 20?

The learning effect can be represented by a line called a learning curve.

In Troix City, the learning rate is based on a tripling of output instead of the traditional doubling. The first unit of a long production run was produced in 25 hours. The process has an estimated learning rate of 90 percent. How long will the 15th unit take to produce?

Which one of the following statements is not a typical assumption related to developing learning curves?