Do You Think Learning Curve Analysis Has An Application In A Service Business

What is Learning Curve ? - Meaning and Concept

Introduction

In whatever surroundings if a person is assigned to practise the same chore, then after a period of fourth dimension, there is an improvement in his operation. If data points are collected over a period of time, the curve constructed on the graph volition prove a decrease in effort per unit for repetitive operations. This curve is very important in price analysis, cost estimation and efficiency studies. This curve is chosen the learning curve. The learning bend shows that if a task is performed over and over than less time will be required at each iteration. Historically, it has been reported that whenever there has been instanced of double production, the required labor time has decreased by 10 or fifteen percent or more.

Learning curves are besides known as experience curve, cost curves, efficiency curves and productivity curves. These curves help demonstrate the price per unit of output decreases over fourth dimension with the increase in experience of the workforce. Learning curves and experience curves is extensively used past organization in production planning, price forecasting and setting delivery schedules.

Learning Curve on Graph

Learning curve demonstrates that over a period time, there is an increase in productivity but with diminishing rate as production increases. Therefore, if the rate of reduction is 20% than the learning curve is referred as 80% learning bend. Enquiry has shown that as product quantities double over a menstruation of time, the average time decreases by 20% for immediate production unit of measurement.

Learning bend is relevant in taking following decision:

Pricing decision based on estimation of future costs.
Workforce schedule based on future requirements.
Upper-case letter requirement projections
Prepare-up of incentive structure

Learning Curve from Single Unit Data

The data for try put into production of a single unit of measurement is bachelor than that data tin be used to plot three useful curves; the unit bend, the cumulative total and cumulative average curve.

Unit curve is a curve which is plotted using a set of data bachelor for the effort behind production of a single unit of measurement. This curve is mostly plotted on log-log paper and then best line tin be drawn.

Cumulative total bend is a curve which is plotted using cumulative effort full. This produces curve with positive slope.

Cumulative average curve is a curve which is plotted using the cumulative effort boilerplate for each unit.

Assist Score Learning Curve

As the name suggests an assistance score is the number of help, hint, incorrect attempts recorded for a given opportunity at the given chore. From detailed inquiry and assay, information technology has been observed that for the 1st opportunity at an boilerplate error of 1.3 times is fabricated.

Error Learning Curve

Error learning curve depicts the percentage of assistance asked by the respondents on the 1st opportunity.

Predicted Learning Bend

Predicted learning curve is derived from learning gene assay, which has the capability in measuring student proficiency, cognition component difficulty and knowledge component learning rates. This analysis helps in quantifying the learning process.

Criticisms of the Experience Curve

Information technology has been observed that experience bend should not be viewed in isolation. Learning and experience curve has a strong dependency on individuals under ascertainment. If the attitude of the individual is positive, the resulting curve will resemble learning curve just if the mental attitude of the individual is negative, the resulting bend will not hold skillful.

Authorship/Referencing - About the Author(s)

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