Learning Curve Primer The concept of a Learning Curve is motivated by the observation (in many diverse production environments) that‚ each time the cumulative production doubles‚ the hours required to produce the most recent unit decreases by approximately the same percentage. For example‚ for an 80% learning curve: If cumulative production doubles from 50 to 100‚ then the hours required to produce the 100th unit is 80% of that for the 50th unit. The learning curve formula can be expressed
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The SaleS learning Curve & virTual SaleS Advice for a successful startup‚ product launch or foray into new sales territory W hen launching a new company‚ product or service or expanding into a new territory‚ the temptation is often to hire a new VP of sales‚ some enterprise reps and build a high powered sales force as quickly as possible. It has been demonstrated‚ however‚ that ramping up a sales force too quickly can have very negative impact on the bottom line. As founding Chairman and CEO
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We already know that following are the important cost concepts related to the production process of a firm: • Fixed Cost • Varibale Cost • Average Cost • Marginal Cost please refer to following page Introduction to Cost Concepts to understand various cost concepts in detail. Here we will briefly state again the meaning of above stated cost concepts for better understanding of the module on short run cost analysis. Fixed Cost is that cost which does not change (that is either goes up or
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S-curve describes how the performance or cost characteristics of a technology change with time and continued investments. While the horizontal axis shows the history (time and investment) of technical innovations‚ the vertical axis shows some problems of product performance or cost competitiveness. The pace of improvement slows when the established technology is improved and approaching its maturity. Many problems which a new technology has to face with are solved over time and with investment
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Table Z: Areas under the standard normal curve (negative Z) Second decimal place in z 0.06 0.05 0.04 0.03 0.09 0.08 0.07 0.02 0.01 0.0001 0.0001 0.0002 0.0002 0.00 * 0.0000 0.0001 0.0001 0.0002 0.0002 z -3.9 -3.8 -3.7 -3.6 -3.5 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0.0002 0.0001 0.0001 0.0001 0
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political dimensions. Many young girls and women are usually forced with a difficult situation that forces them to choose life or death‚ but what other people don’t know is the situation that they go through in their life. Many women have abortions for many diverse reasons‚ such as they are financially unstable‚ have medical issues‚ or for personal reasons. One reason women have abortions is because they don’t have ability to support or care for a child. Women have to make the decide on if they care afford
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this time of great reform women had minimal amounts of influence. It is argued‚ that because of this lack of power‚ the term Renaissance does not necessarily apply to women‚ and it was a title that was given to them afterwards. Women were excluded from the opportunity to take part in the rebirth of classical ideas due to lack of education‚ stereotypical beliefs about women‚ and because many women married young making it very challenging to pursue further education. Women were denied opportunities
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history‚ there have always been divisions in the experiences of women and men. They have never had the same standards and expectations. Hence we cannot look at the experiences of the realm of men to answer the realities of the lives of when during similar time periods. An example of a shift of thought and lifestyle is portrayed in European societies that transferred from Feudalism into the era of the Renaissance. Examples of such shifts include the power that was granted and accepted of women‚ and their
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SECTION 2: TIME VALUE OF MONEY Decision problems in business usually involve a decision over whether to accept one alternative over another‚ or whether to implement a plan or not. In most cases‚ the effects of these decisions are felt in the future. Examples: Expand into a new market (geographical‚ consumer segment‚ etc.) or not? Now or later? Outsource production or keep it in-house? Grow organically or acquire a competitor? Or don’t grow at all? Purchase shares in Microsoft
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Example 1: Does the curve y = 2x3 – 2 crosses the x-axis between x = 0 and x = 2? Solution: Solving for the given values of x‚ at x = 0‚ then y = 2(0)3 – 2 = -2‚ the curve is below the x-axis at x = 2‚ y = 2(2)3 – 2 = 16 – 2 = 14‚ the curve is above the x-axis‚ So the curve crosses the x-axis between x = 0 and x = 2 since y = 2x3 – 2 has a solution found between this interval. Example 2: From the curve y = x5 - 2x3 – 2‚ is there a solution between x = 1 and x = 2? Solution: Using the given
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