Chapter 11 - Quantitative analysis Flashcards
1
Q
What states that as cumulative output doubles, the cumulative average time per unit falls to a fixed percentage (the ‘learning rate’) of the previous average time.
A
Wright’s Law
2
Q
What are the four things that will increase the likelihood of the learning curve model?
A
- Product is labour intensive
- Product is new
- Product is complex
- Product is repetitive with no breaks in production.
3
Q
What is the formula for the learning curve
A
Y = ax^b
4
Q
What is the formula for the learning rate?
A
d root(Y/a)
