Learning Curve

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According to Jacods and Chase (2021) a learning curve is a line displaying the relationship between unit production time and the cumulative number of units produced.  Learning curves are used to estiimate the time for production and costs, planning corporate strategy (Jacobs & Chase-McGraw Hill, 2021, p.145).  According to Hirschmann (1964) learning curves should be involved in start ups because there is high labor content and ended up using half the time initially though, it should be used in maintenance because you have repetitive continuous workers that create better efficency, and it should be used in construction because at first things start to decline and when workers learn the skill then you will notice things to increase (Hirschmann, 1964).

References

Jacobs, F.R., & Chase, R.B. (2021) Operations and supply chain management. McGraw-Hill.

Hirschmann, W. (1964). Profits from the learning curve. Harvard Business Review.