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Hearty Welcome To The Talk

The document discusses learning curves, which illustrate that the time required to produce each additional unit of a product decreases as the total number of units produced increases. It provides an example of a learning curve showing the hours required to produce different units. Learning curves have several advantages, such as assisting with personnel planning, product pricing, budgeting, cost control, setting labor standards, work scheduling, and delivery schedules.

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Rohit Semlani
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© © All Rights Reserved
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Download as PPT, PDF, TXT or read online on Scribd
11 views

Hearty Welcome To The Talk

The document discusses learning curves, which illustrate that the time required to produce each additional unit of a product decreases as the total number of units produced increases. It provides an example of a learning curve showing the hours required to produce different units. Learning curves have several advantages, such as assisting with personnel planning, product pricing, budgeting, cost control, setting labor standards, work scheduling, and delivery schedules.

Uploaded by

Rohit Semlani
Copyright
© © All Rights Reserved
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Learning Curve

What & Why of Learning Curve?


Advantages of Learning Curve?
Inferences & Conclusions
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Learning Curve
Learning Curve
Cumulative Production
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Example
Consider a product with the following data about the hours of
labor required to produce a unit:
Hours required to produce 1-st unit: 100
Hours required to produce 10-th unit: 48
Hours required to produce 25-th unit: 35
Hours required to produce 75-th unit: 25
Hours required to produce 200-th unit: 18
As more and more units are produced, the hours of labor
required to produce the most recent unit is lower and lower.
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Typical Learning Curve
Typical Learning Curve
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Confusion
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Typical Learning Curve
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Clarity
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Competence
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Confidence
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will assist in planning for personnel both in terms of number
and the cost.
will assist in product pricing by providing better-cost
estimates.
is used for budgeting.
can assist in cost control.
can assist in setting labour standards &
reduce labour variances.
can ensure better work scheduling & lead to
accurate delivery schedules.

ADVANTAGES OF LEARNING CURVE

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