OPS 531 Learning Curve Theory
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Description
OPS 531 Learning Curve Theory
SAMPLE
The learning curve theory is applicable to many business processes, to increase profit, reduce production cost, or other business processes that could improve. The theory's definition, highlighted in the Operations Management for a Competitive Advantage, is defined "a line displaying the relationship between unit production time and the cumulative number of units produced" (University of Phoenix,2006). The use of Learning curves are beyond just business platforms, the learning curve is used on grading scales, sports, and many other realms. In this short paper, one will address the pizza store layout simulation in which decisions are made to reduce cost, while improving the business process. The three learning curve assumptions will be applied that are found on page 135 of the Operations Management for a Competitive Advantage.
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