What is Learning Curve ? - Meaning and Concept
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Learning curves are also known as experience curve, cost curves, efficiency curves and productivity curves. These curves help demonstrate the cost per unit of ... Home Library Operations Production&OperationsManagement WhatisLearningCurve?-MeaningandConcept WhatisLearningCurve?-MeaningandConcept Introduction Inanyenvironmentifapersonisassignedtodothesametask,thenafteraperiodoftime,thereisanimprovementinhisperformance.Ifdatapointsarecollectedoveraperiodoftime,thecurveconstructedonthegraphwillshowadecreaseineffortperunitforrepetitiveoperations.Thiscurveisveryimportantincostanalysis,costestimationandefficiencystudies.Thiscurveiscalledthelearningcurve.Thelearningcurveshowsthatifataskisperformedoverandoverthanlesstimewillberequiredateachiteration.Historically,ithasbeenreportedthatwhenevertherehasbeeninstancedofdoubleproduction,therequiredlabortimehasdecreasedby10or15percentormore. Learningcurvesarealsoknownasexperiencecurve,costcurves,efficiencycurvesandproductivitycurves.Thesecurveshelpdemonstratethecostperunitofoutputdecreasesovertimewiththeincreaseinexperienceoftheworkforce.Learningcurvesandexperiencecurvesisextensivelyusedbyorganizationinproductionplanning,costforecastingandsettingdeliveryschedules. LearningCurveonGraph Learningcurvedemonstratesthatoveraperiodtime,thereisanincreaseinproductivitybutwithdiminishingrateasproductionincreases.Therefore,iftherateofreductionis20%thanthelearningcurveisreferredas80%learningcurve.Researchhasshownthatasproductionquantitiesdoubleoveraperiodoftime,theaveragetimedecreasesby20%forimmediateproductionunit. Learningcurveisrelevantintakingfollowingdecision: Pricingdecisionbasedonestimationoffuturecosts. Workforceschedulebasedonfuturerequirements. Capitalrequirementprojections Set-upofincentivestructure LearningCurvefromSingleUnitData Thedataforeffortputintoproductionofasingleunitisavailablethanthatdatacanbeusedtoplotthreeusefulcurves;theunitcurve,thecumulativetotalandcumulativeaveragecurve. Unitcurveisacurvewhichisplottedusingasetofdataavailablefortheeffortbehindproductionofasingleunit.Thiscurveisgenerallyplottedonlog-logpaperandthenbestlinecanbedrawn. Cumulativetotalcurveisacurvewhichisplottedusingcumulativeefforttotal.Thisproducescurvewithpositiveslope. Cumulativeaveragecurveisacurvewhichisplottedusingthecumulativeeffortaverageforeachunit. AssistanceScoreLearningCurve Asthenamesuggestsanassistancescoreisthenumberofhelp,hint,wrongattemptsrecordedforagivenopportunityatthegiventask.Fromdetailedresearchandanalysis,ithasbeenobservedthatforthe1stopportunityatanaverageerrorof1.3timesismade. ErrorLearningCurve Errorlearningcurvedepictsthepercentageofassistanceaskedbytherespondentsonthe1stopportunity. PredictedLearningCurve Predictedlearningcurveisderivedfromlearningfactoranalysis,whichhasthecapabilityinmeasuringstudentproficiency,knowledgecomponentdifficultyandknowledgecomponentlearningrates.Thisanalysishelpsinquantifyingthelearningprocess. CriticismsoftheExperienceCurve Ithasbeenobservedthatexperiencecurveshouldnotbeviewedinisolation.Learningandexperiencecurvehasastrongdependencyonindividualsunderobservation.Iftheattitudeoftheindividualispositive,theresultingcurvewillresemblelearningcurvebutiftheattitudeoftheindividualisnegative,theresultingcurvewillnotholdgood. ❮ Previous Article Next Article ❯ Youllalsolike: Relatedarticlesandhow-toguidescuratedforyou. WorldClassManufacturing WorkStudyandIndustrialEngineering QuantitativeTechniques ReliabilityandRedundancy ViewAllArticles Authorship/Referencing-AbouttheAuthor(s) ThearticleisWrittenByPrachiJunejaandReviewedByManagementStudyGuideContentTeam.MSGContentTeamcomprisesexperiencedFacultyMember,ProfessionalsandSubjectMatterExperts.WeareaISO2001:2015CertifiedEducationProvider.ToKnowmore,clickonAboutUs.Theuseofthismaterialisfreeforlearningandeducationpurpose.Pleasereferenceauthorshipofcontentused,includinglink(s)toManagementStudyGuide.comandthecontentpageurl. Production&OperationsManagement Production&OperationsManagement Operations:PolicyandStrategy InternationalProductionManagement ManagingTechnologyinOM ValueAnalysis EffectiveProductDesign ProcessDesignandAnalysis IntegratedProductDevelopment FacilityLocation FacilityLayout DemandForecasting WhyForecastinghasBecomeVeryDifficultforIndividuals,Firms,andNations CapacityPlanning AggregatePlanning MaterialsandResourcePlanning ProductionPlanningandControl OperationsScheduling WaitingLine(Queue)Management InventoryManagementandJustInTime WarehouseandMaterialsManagement MaterialHandling MaintenancePolicyandRepair Quality-AToolforAchievingExcellence QualityControlTechniques WorldClassManufacturing WorkStudyandIndustrialEngineering QuantitativeTechniques WhatisLearningCurve? ReliabilityandRedundancy ProductivityandItsRoleinShapingEconomiesandBusinesses WhatisProductivityandWhyitisImportanttoCorporates,Nations,andProfessionals? On-DemandManufacturing OperationalTransparency next
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