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learning curve examples

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › learning curve examples

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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    Posts
  • December 23, 2021 at 1:49 pm #644737
    maria2020
    Member
    • Topics: 18
    • Replies: 12
    • ☆

    You have explained two examples in your lecture on learning curve (part 2). But I asked you this specifically to know whether I understand them completely or not.

    For example 1:
    The average time taken by each unit.

    First unit—–= 80 hours
    Second unit = 55 hours

    What is the learning rate?

    Output units—-Avg hour per unit—–Total hours
    ——-1—————–80 hrs (r)————-80 hrs
    ——-2————–67.5 hrs (r)^1———135 hrs

    Since first unit takes 80 hours per unit and second unit takes 55 hours but in total time the two units take (80 + 55) = 135 hours.

    learning rate (r) = 67.5 / 80 = 84.375%

    For example 2:
    The average time taken by each unit.

    First unit = 100 hours
    Fourth unit = 50 hours

    What is the learning rate?

    Output units—–Avg hour per unit——Total hours
    ——–1————–100 hrs (r)————-100 hrs
    ——–2——————–hrs (r)^1—————-hrs
    ——–4—————-50 hrs (r)^2———-200 hrs

    Since first unit takes 80 hours per unit and second unit takes 55 hours but in total time the two units take (80 + 55) = 135 hours.

    learning rate (r) = (50 / 100)^1/2 = 70.7%
    learning rate (r) = ^2?(50 / 100) = 70.7%

    Both of these approaches give the same answer of 70.7%.

    Is that all correct what I have written above?

    Thanks for your patience

    December 24, 2021 at 2:34 pm #644764
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51543
    • ☆☆☆☆☆

    Yes, it seems to be correct 🙂

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