Exam 6: Learning Curves

If a person performing a task has been achieving an 85 percent learning curve and if it took 1 minute to produce the first unit, the total time to produce 1,000 units will be 437.5 minutes.

Which of the following computational methods are used to calculate learning curve statistics?

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 12^th lot?

With an 80 percent unit improvement factor learning curve and an initial time of 100 minutes to do a job, at what number of repetitions will the job take less than 50 minutes?

A company's production process has an 85 percent learning curve rate.The process has produced 1,000 units to date.A process refinement is estimated to allow a future learning curve rate for the identical product of 75 percent.However, the initial unit made using the new process will take the same amount of time as the very first unit produced using the old process.At what point, using the new process, will the production rate exceed the production rate achieved by the old process?

Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry?

With a 70 percent unit improvement factor learning curve and an initial time of 100 minutes to do a job, at what number of repetitions does the job take less than 50 minutes?

Learning curve percent and the reduction in the time it takes to produce the 1000th unit (in general nth unit) as compared to the time to make the first unit is

An assumption of learning curve theory is which of the following?

An assumption of learning curves is that the time required to complete a unit will decrease at an increasing rate as the cumulative number of units completed increases.

All except one of the following is listed as a managerial consideration or appropriate explanation in using learning curves.Which one is that?

You time someone completing a single task the first time at 120 minutes, and the second time they do the task it takes 108 minutes.You should use a 90 percent learning curve to estimate the length of time this worker will take to complete this task in the future.

An assumption of learning curve theory is which of the following?

The unit improvement factor for an 80 percent learning curve at 100 units is 0.2271.The first and second timings of a person doing a job are 20 minutes and 16 minutes, respectively.What is the learning-adjusted time estimate for unit number 100?

A learning curve is a line displaying the way unit production time decreases as time passes.

You time someone completing a single task the first time at 100 minutes, and the fourth time they do the task it takes 81 minutes.You should use an 81 percent learning curve to estimate the length of time this worker will take to complete this task in the future.

A company's production process has an 80 percent learning curve rate.The process has produced 1,000 units to date.A process refinement is estimated to allow a future learning curve rate for the identical product of 75 percent.However, the initial unit made using the new process will take the same amount of time as the initial unit produced using the old process.At what point, using the new process, will the production rate exceed the production rate achieved by the old process?

A company can produce a small lot of products the first time at a cost of $10,000.If their 75 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 10 lots?

The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933.The first and second timings of a person doing a job are 5 minutes and 3 minutes, respectively.The learning-adjusted time estimate for the unit number 25 is 0.0933 minute.

The 50^th repetition of a job is timed at 100 minutes.If the learning curve for this job is 90 percent, what is the estimated time for the 200^th repetition of this job?