GMS 401 FINAL ASSESSMENT TEST AND THE ONLY AND
ACTUAL ANSWERS
The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves. - answers✔✔Learning Curves
employment levels, costs, capacity, and pricing. - answers✔✔Major Roles in Learning Curves
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 - answers✔✔Doubling of Production
depends on the the quality management and the potential of the process and product. -
answers✔✔The Rate of Learning
Any change in process, product, or personnel disrupts the learning curve. - answers✔✔What
Disrupts the Learning Curve
the faster the drop in costs
(75% learning rate is better than 85%) - answers✔✔The steeper the slope of learning curve
, Stable, standardized products and processes - answers✔✔products that decline more steeply
than others
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. -
answers✔✔Learning Curves are useful for
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. - answers✔✔If Learning Curves are Ignored
1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients - answers✔✔Three Ways to Approach the Mathematics of
Learning Curves
uses the production doubling equation
ACTUAL ANSWERS
The premise that people and
organizations get better at their
tasks as the tasks are repeated;
sometimes called experience
curves. - answers✔✔Learning Curves
employment levels, costs, capacity, and pricing. - answers✔✔Major Roles in Learning Curves
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 - answers✔✔Doubling of Production
depends on the the quality management and the potential of the process and product. -
answers✔✔The Rate of Learning
Any change in process, product, or personnel disrupts the learning curve. - answers✔✔What
Disrupts the Learning Curve
the faster the drop in costs
(75% learning rate is better than 85%) - answers✔✔The steeper the slope of learning curve
, Stable, standardized products and processes - answers✔✔products that decline more steeply
than others
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. -
answers✔✔Learning Curves are useful for
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. - answers✔✔If Learning Curves are Ignored
1. Arithmetic Analysis
2. Logarithmic Analysis
3. Learning Curve Coefficients - answers✔✔Three Ways to Approach the Mathematics of
Learning Curves
uses the production doubling equation
