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Operations and Supply Chain Management
Exam 6: Learning Curves
Path 4
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Question 41
Multiple Choice
The general guidelines provided in the textbook on improving individual learning based on learning curves do not include which of the following?
Question 42
Essay
Why are learning curves useful in business?
Question 43
Essay
What are some of the factors that stimulate learning?
Question 44
True/False
The unit improvement factor is not as useful as arithmetic tabulation of learning curve statistics in adjusting time estimates for learning.
Question 45
Multiple Choice
You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product.You find a company can produce a product the first time at a cost of $5,000.If their 90 percent learning curve allows them to reduce their costs on each unit, what is the total cost of producing 100 units of the new product?
Question 46
Multiple Choice
A company's production process has an 85 percent learning curve rate.The process has produced 1,000 units to date.A process refinement is estimated to allow a future learning curve rate for the identical product of 75 percent.However, the initial unit made using the new process will take the same amount of time as the very first unit produced using the old process.At what point, using the new process, will the production rate exceed the production rate achieved by the old process?
Question 47
True/False
A learning curve shows the decrease in time required for each successive unit completed.
Question 48
True/False
The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933.The first and second timings of a person doing a job are 5 minutes and 3 minutes, respectively.The learning-adjusted time estimate for the unit number 25 is 0.0933 minute.
Question 49
Multiple Choice
The 50
th
repetition of a job is timed at 100 minutes.If the learning curve for this job is 90 percent, what is the estimated time for the 100
th
repetition of this job?
Question 50
Short Answer
A company can produce a product the first time at a cost of $2,500.If its 85 percent learning curve allows the company to reduce its costs on each product, what is the total cost of producing 400 units of the new product? _________________