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Business
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Principles of Operations Management
Exam 25: Learning Curves
Path 4
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Question 61
Essay
A certain product under development took 200 hours for the production of its 2nd unit and 180 hours for its 4th unit. a. What is the learning rate? b. How much time did the first unit take? c. How much time would the production of the 10th unit take? (Use both the logarithmic and the Table E.3 approach. Do the two versions agree? )
Question 62
Essay
A small manufacturer that offers "hand crafted" furniture has developed a new style of desk that they believe will be very successful in the marketplace. It is expected that the first desk will take about 60 hours of craftsmen's time to complete. They expect a 90% learning curve for this desk. How long will it take to make the 20ᵗʰ desk? The firm is considering accepting an order for 25 desks. How many hours of labor will this require for all 25?
Question 63
Multiple Choice
Which one of the following courses of actions would not be taken by a firm wanting to pursue a learning curve steeper than the industry average?
Question 64
Short Answer
__________ are based on the premise that people and organizations get better at their tasks as the tasks are repeated.
Question 65
True/False
A project manager bases his time and labor estimates on a learning curve of 86%. The actual learning curve turns out to be 89%. The manager, because of the decreased learning, will complete his project in more time and with more labor use.