FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 26: Learning Curves

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 41

Essay

Review LaterAdd Note

Review Later

Identify one advantage and one disadvantage of the doubling approach over the formula approach to learning curve calculations.

Correct Answer

verified

Advantage: simplest approach t...

View Answer

Show Answer

Question 42

Essay

Review LaterAdd Note

Review Later

A small manufacturer builds wooden pleasure boats in a craftsman manner by traditional labor-intensive methods.The first boat is estimated to take 650 hours of skilled labor,which cost $40 per hour.They currently have three workers that can work 2,000 hours a year.They assume that there is a 90% learning curve.How many boats can they build in their first year?

Correct Answer

verified

The number of hours available for the fi...

View Answer

Show Answer

Question 43

Essay

Review LaterAdd Note

The fourth unit of production took 80 minutes while the ninth unit of production took 50 minutes.How long did the first unit take?

On an ordinary graph,unit times for a learning curve decrease at a decreasing rate,but on a log-log graph,the learning "curve" appears as a straight line.

It took 60 hours to make the first unit of a product.After the second and third units were made,the learning curve was estimated to be 80%.At $10 per hour,estimate the labor bill for the fourth unit.(Use at least three decimals in the exponent if you use the formula approach. )

The first unit took 10 hours and the fourth unit 8.1 hours.What is the improvement rate?

What can cause a learning curve to vary from a smooth downward slope?

Using the doubling approach,determine how long it will take to make the 64th unit of a product if it took 1 hour to complete the first product with a 50% learning curve.

Your firm has a contract to make 20 specialty lenses for night vision equipment.The first one took 40 hours.Learning is expected at the 85% learning curve.How long will it take to finish all 20 units?

The learning rate for a product is 90 percent.The first unit took 10 hours to complete.The manufacturer wants to determine how many hours the fourth unit will take by using the formula approach.What is the coefficient b for that calculation?

The first unit took 10 hours and the eighth unit took 1.25 hours.What is the learning curve?

A firm that successfully pursues a steeper-than-industry-average learning curve and manages costs down may still fail if,by underestimating a strong competitor,it fails to gain the added volume necessary for the learning curve to exist.

The first unit of a product took 50 hours to build,and the learning curve is 80%.How long will it take to make the third unit? (Use at least three decimals in the exponent if you use the formula approach. )

The first unit of a product took 900 hours to build and the learning curve is 90%.How long will it take to make the first 3 units? (Use Table E.3)

The learning curve rate is:

Companies pursuing a learning curve strategy MUST increase which of the following?

Learning curves can only be applied to labor.

The first unit of production took 10 hours with an 80% learning curve.How long will it take to complete both the first and second units?

Sally suspects strongly that there is a learning curve associated with solving problems assigned for operations management.She notes that it took her approximately 33 minutes to solve the first problem and 20 minutes to solve the fifth problem. a.Estimate Sally's learning curve. b.Using your answer from part a,estimate how much longer it will take Sally to finish the three problems that remain.

The seventh unit of production took 63.423 minutes while the ninth unit of production took 59.8 minutes.What is the improvement rate?