Chapter 11 - Quantitative analysis Flashcards Preview

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Flashcards in Chapter 11 - Quantitative analysis Deck (4)
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1

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.

Wright's Law

2

What are the four things that will increase the likelihood of the learning curve model?

-Product is labour intensive
-Product is new
-Product is complex
-Product is repetitive with no breaks in production.

3

What is the formula for the learning curve

Y = ax^b

4

What is the formula for the learning rate?

d root(Y/a)