Question 1

The 10^th repetition of job is timed at 100 minutes.If the learning curve for this job is 80 percent, what is the estimated time for the 100^th repetition of this job?

Accepted Answer

The learning curve formula is Tn = T1 * n^b, where Tn is the time it takes to produce the nth unit, T1 is the time it takes to produce the first unit, n is the unit number, and b is the learning rate exponent. The learning rate exponent (b) can be calculated using the formula b = log(learning percentage) / log(2). For an 80% learning curve, b = log(0.8) / log(2). To find the time for the 100th unit (T100) when the time for the 10th unit (T10) is known to be 100 minutes, we rearrange the formula to solve for T1 and then use it to calculate T100. The calculation shows that the time for the 100th unit significantly decreases, following the learning curve, resulting in approximately 47.66 minutes.

Question 2

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?

Accepted Answer

According to the 90% learning curve, the cost to produce the first unit is $5,000. For each subsequent unit, the cost will be reduced by 90%. This means that the second unit will cost $5000 * 0.9 = $4,500, the third unit will cost $4,500 * 0.9 = $4,050, and so on. To calculate the total cost of producing 100 units, we can use the following formula:

Total cost = (cost to produce first unit) * (number of units)^log(0.9)/log(2)

Plugging in the values, we get:

Total cost = $5,000 * 100^log(0.9)/log(2)
Total cost = $5,000 * 100^-0.152
Total cost = $290,704.67

Therefore, the best choice is C, $290,700.

Question 3

The 25^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 180^th repetition of this job? ________________________

Accepted Answer

The answer of The 25^th repetition of a job is...

Question 4

Why are learning curves useful in business?

Accepted Answer

The answer of Why are learning curves useful in business?...

Question 5

The general guidelines provided in the textbook on improving individual learning based on learning curves do not include which of the following?

Accepted Answer

Some general guidelines to improve individual performance based on learning curves include the following:1.Proper selection of workers.2.Proper training.3.Motivation.4.Work specialization.5.Do one or very few jobs at a time.6.Use tools or equipment that assists or supports performance.7.Provide quick and easy access for help.8.Allow workers to help redesign their tasks.

Question 6

You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetition.Your client can produce a product the first time at a cost of $2,500.If their 65 percent learning curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product?

Accepted Answer

The answer of You are a consultant specializing in estimating...

Question 7

The general guidelines provided in the textbook on improving individual learning based on learning curves include which of the following?

Accepted Answer

Some general guidelines to improve individual performance based on learning curves include the following:1.Proper selection of workers.2.Proper training.3.Motivation.4.Work specialization.5.Do one or very few jobs at a time.6.Use tools or equipment that assists or supports performance.7.Provide quick and easy access for help.8.Allow workers to help redesign their tasks.

Question 8

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?

Accepted Answer

The answer of A company's production process has an 85...

Question 9

Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry?

Accepted Answer

There are two reasons for disparities between a firm's learning rate and that of its industry.First, differences in operating characteristics between any two firms, stemming from the equipment, methods, product design, plant organization, and so forth, are inevitable.Second, procedural differences are manifested in the development of the learning percentage itself, such as whether the industry rate is based on a single product or on a product line, and the manner in which the data were aggregated.

Question 10

Describe an example of industrial learning where learning curve analysis might be useful.

Accepted Answer

The answer of Describe an example of industrial learning where...

Question 11

A company's production process has a 90 percent learning rate.The process has produced 1,000 units to date.A process refinement is estimated to allow a future learning rate for the identical product of 70 percent.However, the initial unit made using the new process will take the same amount of time as the initial 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?

Accepted Answer

The answer of A company's production process has a 90...

Question 12

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 20^th lot?

Accepted Answer

The answer of A company can produce a small lot...

Question 13

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 12^th lot?

Accepted Answer

The answer of A company can produce a small lot...

Question 14

If a person performing a task has been achieving an 85 percent learning curve and if it took 1 minute to produce the first unit, what will be the total time to produce 1,000 units? ______________________

Accepted Answer

The answer of If a person performing a task has...

Question 15

What is a learning curve?

Accepted Answer

The answer of What is a learning curve?...

Question 16

A company can produce a small lot of products the first time at a cost of $10,000.If their 75 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 10 lots?

Accepted Answer

The answer of A company can produce a small lot...

Question 17

A company can produce a small lot of products the first time at a cost of $2,000.If their 85 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 5 lots?

Accepted Answer

The answer of A company can produce a small lot...

Question 18

A company's production process has an 80 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 initial 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?

Accepted Answer

Using, the original process with an 80 percent learning rate, by the 1000^th unit, the company will have achieved a production rate of 10.82 percent of the original rate.At a 75 percent learning rate, the production rate exceeds (unit improvement factor is less than) 10.82 at the 250^th unit, where the improvement factor is 0.1011or 10.11 percent of the initial unit.

Question 19

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? _________________

Accepted Answer

The answer of A company can produce a product the...

Question 20

What are some of the factors that stimulate learning?

Accepted Answer

The answer of What are some of the factors that...

Quiz 6: Learning Curves

The 10th repetition of job is timed at 100 minutes.If the learning curve for this job is 80 percent, what is the estimated time for the 100th repetition of this job?

The 25th 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 180th repetition of this job? ________________________

Why are learning curves useful in business?

The general guidelines provided in the textbook on improving individual learning based on learning curves do not include which of the following?

The general guidelines provided in the textbook on improving individual learning based on learning curves include which of the following?

Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry?

Describe an example of industrial learning where learning curve analysis might be useful.

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 20th lot?

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 12th lot?

If a person performing a task has been achieving an 85 percent learning curve and if it took 1 minute to produce the first unit, what will be the total time to produce 1,000 units? ______________________

What is a learning curve?

A company can produce a small lot of products the first time at a cost of $10,000.If their 75 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 10 lots?

A company can produce a small lot of products the first time at a cost of $2,000.If their 85 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 5 lots?

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? _________________

What are some of the factors that stimulate learning?

The 10^th repetition of job is timed at 100 minutes.If the learning curve for this job is 80 percent, what is the estimated time for the 100^th repetition of this job?

The 25^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 180^th repetition of this job? ________________________

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 20^th lot?

A company can produce a small lot of products the first time at a cost of $3,000.If their 65 percent learning curve allows them to reduce their costs on each lot, what is the cost of producing the 12^th lot?