GMS 401 - TEST 2 questions with correct
answers already passed
Learning Curves - correct answer ✔✔The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves.
Major Roles in Learning Curves - correct answer ✔✔employment levels, costs, capacity, and pricing.
Doubling of Production - correct answer ✔✔when production doubles, the decrease in time per unit
affects the rate of the learning curve.
T x L^n= time required for the nth unit
The Rate of Learning - correct answer ✔✔depends on the the quality management and the potential of
the process and product.
What Disrupts the Learning Curve - correct answer ✔✔Any change in process, product, or personnel
disrupts the learning curve.
The steeper the slope of learning curve - correct answer ✔✔the faster the drop in costs
(75% learning rate is better than 85%)
products that decline more steeply than others - correct answer ✔✔Stable, standardized products and
processes
, Learning Curves are useful for - correct answer ✔✔1. Internal: Labour forecasting, scheduling,
establishing costs and budgets
2. External: Supply Chain Negotiations
3. Strategic: Evaluation of a Company and industry performance, including costs and pricing.
If Learning Curves are Ignored - correct answer ✔✔Problems such as
Scheduling Mismatches - Leading to idle labour and productive efficiencies
Refusal to accept new orders because capacity is assumed to be full
Missing and opportunity to negotiate with suppliers for lower purchase prices as a result of large orders.
Three Ways to Approach the Mathematics of Learning Curves - correct answer ✔✔1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients
Arithmetic Approach - correct answer ✔✔uses the production doubling equation
T x L^n = time required for nth unit
Logarithmic Approach - correct answer ✔✔Allows us to determine the labour for any unit
Tn = T1(N^b)
answers already passed
Learning Curves - correct answer ✔✔The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves.
Major Roles in Learning Curves - correct answer ✔✔employment levels, costs, capacity, and pricing.
Doubling of Production - correct answer ✔✔when production doubles, the decrease in time per unit
affects the rate of the learning curve.
T x L^n= time required for the nth unit
The Rate of Learning - correct answer ✔✔depends on the the quality management and the potential of
the process and product.
What Disrupts the Learning Curve - correct answer ✔✔Any change in process, product, or personnel
disrupts the learning curve.
The steeper the slope of learning curve - correct answer ✔✔the faster the drop in costs
(75% learning rate is better than 85%)
products that decline more steeply than others - correct answer ✔✔Stable, standardized products and
processes
, Learning Curves are useful for - correct answer ✔✔1. Internal: Labour forecasting, scheduling,
establishing costs and budgets
2. External: Supply Chain Negotiations
3. Strategic: Evaluation of a Company and industry performance, including costs and pricing.
If Learning Curves are Ignored - correct answer ✔✔Problems such as
Scheduling Mismatches - Leading to idle labour and productive efficiencies
Refusal to accept new orders because capacity is assumed to be full
Missing and opportunity to negotiate with suppliers for lower purchase prices as a result of large orders.
Three Ways to Approach the Mathematics of Learning Curves - correct answer ✔✔1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients
Arithmetic Approach - correct answer ✔✔uses the production doubling equation
T x L^n = time required for nth unit
Logarithmic Approach - correct answer ✔✔Allows us to determine the labour for any unit
Tn = T1(N^b)
