Quantitiative Techniques (4)

Question 1

Practical reasons for learning effect to cease (machine)

Answer 1

When machine efficiency restricts any further improvement

Question 2

Practical reasons for learning effect to cease (workforce)

Answer 2

The workforce reach their physical limits

Question 3

Practical reasons for learning effect to cease (go slow)

Answer 3

There is a “go slow” agreement among the workforce

Question 4

The learning curve theory can be used for? (Forecasting)

Answer 4

Forecasting labour hours and materials required

Question 5

The learning curve theory can be used for? (Cash)

Answer 5

Cash forecasting

Question 6

The learning curve theory can be used for? (Standard)

Answer 6

Standard and price setting

Question 7

The learning curve theory can be used for? (Cost)

Answer 7

Cost calculation

Question 8

Problems with learning curve theory (rate)

Answer 8

May not be able to calculate a rate

Question 9

Problems with learning curve theory (steady)

Answer 9

We may not know when production has reached a steady state

Question 10

Problems with learning curve theory (constant)

Answer 10

The rate may not necessarily be constant