January 2018
Intermediate to advanced
480 pages
236h 9m
English
After reading this supplement, you should be able to:
Explain the concept of a learning curve and how volume is related to unit costs.
Develop a learning curve using the logarithmic model.
Identify ways to use learning curves for managerial decision making.
Discuss the key managerial considerations in the use of learning curves.
In today’s dynamic workplace, change occurs rapidly. Where there is change, there also is learning. With instruction and repetition, workers learn to perform jobs more efficiently and thereby reduce the number of direct labor hours per unit. Like workers, organizations learn.
Organizational learning involves gaining experience with products and processes, achieving greater ...