{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

08_posting_-_Learning_Curves

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

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
09/22/2011 1 Learning Curves “Time is money.” Benjamin Franklin
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 2
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
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
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
Image of page 4
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 x % is the
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern