Exam 26: Learning Curves

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

The first unit took 10 hours and the third unit took 5.68 hours.What is the improvement rate?

(Multiple Choice)
4.9/5
(66)

In the formula approach to learning curve calculations,you have used the formula TN = T1 (Nb).For a problem with a 92 percent learning curve,what is b?

(Essay)
4.8/5
(74)

A product was priced assuming an 80% learning curve.How much extra labor (in %)will be required on the 4th product if the learning curve is actually 90%?

(Essay)
4.8/5
(90)

Which of the following is NOT a limitation of the use of learning curves?

(Multiple Choice)
4.7/5
(66)

The first unit took 10 hours and the fourth unit took 8.1 hours to complete.What is the learning curve?

(Multiple Choice)
4.8/5
(81)

What is the basic premise underlying the learning curve?

(Essay)
5.0/5
(88)

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?

(Multiple Choice)
4.8/5
(84)

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

(Essay)
4.9/5
(86)

The first product took 10 hours to build and the learning curve is estimated to be 90%.How long will it take to make the fourth unit?

(Multiple Choice)
5.0/5
(65)

Why do different organizations have different learning curves?

(Essay)
4.7/5
(63)

The second unit of production took 9 hours.If the learning curve is 90% how long did the first unit take?

(Multiple Choice)
4.9/5
(73)

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)

(Multiple Choice)
4.9/5
(70)

If it took 1000 hours to produce the first unit of a product,and the learning curve is 70%,how long will it take to produce units 26 through 50?

(Multiple Choice)
4.7/5
(65)

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

(Essay)
4.8/5
(77)

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

(Essay)
4.9/5
(77)

A 90% learning curve implies that each time the production volume is doubled,the direct time per unit is reduced to 90% of its previous value.

(True/False)
4.9/5
(87)

Reevaluation of learning curves is inappropriate.

(True/False)
4.9/5
(68)

Failure to consider the effects of learning can lead to ________ of labor needs.

(Essay)
4.8/5
(73)

Your firm has expertise with a special type of hand-finished furniture.The learning curve is known to be 82%.If the first piece of furniture took 6 hours,how long will it take to make the second? How long will it take to make the fourth?

(Essay)
4.9/5
(78)

Joe's Manufacturing is considering bidding on a small order for 5 units.Based on similar products that they have made in the past,they believe that the first unit will take 500 labor hours.They also believe that there will be an 80% learning curve.How many hours of labor should Joe include for his bid?

(Essay)
4.7/5
(72)
Showing 41 - 60 of 110
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)