08_posting_-_Learning_Curves

08_posting_-_Learning_Curves - Learning Curves Time is...

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09/22/2011 1 Learning Curves “Time is money.” Benjamin Franklin
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09/22/2011 2 Underlying Principles of Learning Curves 1. Each time you perform a task it takes less time than the last time you performed the same task 2. The extent of task time decreases over time 3. The reduction in time will follow a predictable pattern
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09/22/2011 3 Why do Learning Curves work? Worker efficiency (physical and mental) Methods improvements Better use of equipment Technology improvements Product redesigns/improvements
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09/22/2011 4 Example of a Learning Curve Suppose you start a data input business. You time yourself on the first data input, then the second, and so on. Suppose you start a data input business. You time yourself on the first data input, then the second, and so on. Term paper 1 2 3 4 5 6 Time (in Minutes) 100.0 90.0 84.6 81.0 78.3 76.2
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09/22/2011 5 Underlying Principles of a Learning Curve x % Learning curve – for each doubling of repetitions, there is a ( 1- x )% reduction in time required per task
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08_posting_-_Learning_Curves - Learning Curves Time is...

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