Question

3. As a manager, which learning percentage would you prefer (all other things being equal), 1 10% or 60%? Would it change your answer if you found out that your competition has an average learning percentage of 55%? Explain your position for both scenarios.

Answer 1

Learning or Experience curves are based on the idea that processes get better each time their tasks are repeated. They speak to the relationship between unit generation time and the combined number to units delivered. Learning rate is a part to the learning curve, where learning increases with fixed percentage every time when the time is doubled.

In case of manufacturing industries, it has been seen that a specific learning eventually flattens out over time. At the point when numerically doubled, the logarithmic bend will in general lose its precarious increment rate at higher estimations of the space.

Since the learning percentage denotes the rate of increase in production efficiency in successive units, therefor, a 110% learning percentage would denote that, the all other factors kept same, the production efficiency would increase for every unit by 110%

Underway frameworks to fabricating organizations, or in some other task to business portfolio, an efficiency to 110% is not possible. On the other hand, having a learning rate means, the production time decreases per unit at 60% which is much more desirable tor a manager in charge to the manufacturing processes.