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(a) It will assist in planning for personnel both in terms of number and the cost.
(b) It will assist in product pricing by providing better-cost estimates.
(c) It is used for budgeting.
(d) It can assist in cost control.
(e) It can assist in setting labour standards and reduce labour variances.
(f) Learning curve can ensure better work scheduling and lead to accurate delivery schedules that would meet customers' expectation and lead to increased patronage.
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When was The Learning Curve created?
The Learning Curve was created in 2001.
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
What is learning curve according to cost of production?
The learning curve is reverse 'J' shaped. Its shape indicates that the cost of production rises with rise in quantity produced but to an extent. After that point it stops increasing. It happens because the management or the production department learns to control the cost of production from past mistakes or experience or by reffering previous data. so, the learning to control the cost has named this curve as learning curve. when the cost stops rising and it stabilises then the curve becomes a straight line acordingly.....and it forms the shape of reverse 'J'.
How does learning curve differ from experience curve?
Learning Curve Learning Curve measures the relation between increases in per worker productivity (leading to decrease in per unit labor cost at fixed prices) associated with an improvement in labor skills from on the job experience. In other words, Learning Effect leads to fall in the cost of production per unit because with the increased involvement in the production process Labor and Managers become more and more familiar with the production process. This leads to improvement in their efficiency level. So it is involved with one input-labor Experience Curve Production phenomenon where unit costs decline as volume increases. This result from a wide variety of factors including lower fixed costs per unit, an increase in skills associated with quantity production, and generally lower material costs. This is involved all the inputs. Actually Learning curve impact is also part of Experience Curve. So in simple, Learning curve is a Narrow concept while Experience curve is a broader concept
Why do manual processes experience greater learning curves than automated process?
The human factors present at the beginning of production must remain fairly constant over time to apply for a learning curve. If an organizatoin experiences high turnover, the the workforce may not demonstrate the anticipated rate of learning.
What is the correct curve for a suspension bridge?
learning curve learning curve
When was The Learning Curve created?
The Learning Curve was created in 2001.
What is the duration of The Learning Curve?
The duration of The Learning Curve is 1.88 hours.
What are the release dates for The Learning Curve - 2014?
The Learning Curve - 2014 was released on: USA: March 2014
Difference between learning curve and experience curve?
difference between leaning curve and experience curve
Concept and application on learning curve theory?
cost accounting concept and application on learning curve theory to be anwered
What are the ratings and certificates for The Learning Curve - 2001?
The Learning Curve - 2001 is rated/received certificates of: Australia:MA USA:R
Is there any learning curve to using electric trimmers?
Most eletric trimmers are easy enough to require no training and have no learning curve.
What actors and actresses appeared in The Learning Curve - 2012?
The cast of The Learning Curve - 2012 includes: Jake Choi as Lenny Christianne Christensen as Rachel
Disadvantage of using uml?
UML has high learning curve.
What are the release dates for Wild Card - 2003 The Learning Curve 1-2?
Wild Card - 2003 The Learning Curve 1-2 was released on: USA: 9 August 2003
What are the release dates for Top Grad - 2011 The Learning Curve 1-1?
Top Grad - 2011 The Learning Curve 1-1 was released on: USA: 25 February 2011
