What is learning curve?

In any environment if a person is assigned to do the same task, then after a period of time, there is an improvement in his performance. If data points are collected over a period of time, the curve constructed on the graph will show a decrease in effort per unit for repetitive operations. This curve is very important in cost analysis, cost estimation and efficiency studies. This curve is called the learning curve. The learning curve shows that if a task is performed over and over than less time will be required at each iteration. Historically, it has been reported that whenever there has been instanced of double production, the required labor time has decreased by10 or15 percent or more.Learning curves are also known as experience curve, cost curves, efficiency curves and productivity curves. These curves help demonstrate the cost per unit of output decreases over time with the increase in experience of the workforce. Learning curves and experience curves is extensively used by organization in production planning, cost forecasting and setting delivery schedules.

Is the amount or the amount of improvement in learning that occur on the individual learner and is also a graphical recording of the learning process

The term “learning curve” refers to the idea that efficiency increases the more experience a person has with a given task. As a result, the time required for performing the task decreases as increases occur in the number of times the task has been performed.

Learning curve is a reduction by certain percentage in the time needed for a unit to be produced each time the production doubled as a result of the workers gained more experience through production process.

Is a graphical representation for change for rate  learning (for the average person) for a specific activity or tool.

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learning curve is forecasting technique which estimate on the assumption of that the employee outcome will increase relatively as the experience in the related working activity increased.