GMS 401 Lecture Notes - Lecture 6: Learning Curve, Supply Chain, Three Steps

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Payman Ahi

Document Summary

Learning- curve effect: time per repetition decreases as the number of repetition increases, takes less time to complete each addition unit a firm produces. 0 number of repetitions (volume: hours required for unit 4= 10 x (0. 7)2 = 4. 9, learning curves are useful for a variety of purposes. It has taken a worker 10 hours to produce 1st unit. Determine expected completion times for the 2nd, 4th, 8th, and 16th units. 16: time reduction per unit becomes smaller and smaller as the. Applying the learning: arithmetic approach, logarithmic approach, coefficient approach. 0. 152: example 3: question if the required to produce the first unit of certain product is 100 hours, and the learning rate is 80%, how much time is required to produce 3rd product, answer: t. =100hrs, n =3, b = log 0. 8 / log 2. 3 b: exercise: a train manufacturer is negotiating a contract for the production of 10 engines.