Prada Sunglasses2Win More Contracts Using Learning

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can conquer big in the contracting hippodrome, whether you know your learning bends. Imagine creature proficient to beat out your antagonists for you know not merely know your fatigue prices now, merely also how many they are working apt diminish as making numbers mushroom.(The instances given are about product [link widoczny dla zalogowanych], but the same principles apply to the service industry.)
Learning curves are a access of putting numbers to a human phenomenon. We(us humans) transform more efficient as we repeat a task. We learn. That learning progresses at a regular rate. The common statement of the learning rate is as usual:
Factory A produced Widget number 100 with a labor period of 40 hours. Widget digit 200 was produced in a time of 36 hours. So, for a doubled digit of units produced, it took 0.9 of the labor period for the 200th element versus the 100th element. We can then mention that we have a 90% knowledge curve.
That's pleasing, but how does it aid you to win a compact? Let's see at an example of how this works:
Suppose your company and a competitor are preparing a bid to make 100,000 Wonkers for the government. Both of your companies have produced Wonkers ahead. Your competitor makes the emulating calculation:
12,000 Wonkers produced using 18,000 labor hours. The labor hours per Wonker is 1.5 hours. He makes his bid based on 1.5 labor hours per unit.
Your company's experience is as follows:
8000 Wonkers produced using 16,000 labor hours. The labor hours per Wonker is 2.0 hours. If your company made a bid with only this information it would be based ashore 2.0 hours per Wonker. Your bid would apparently be higher than your competitor.
However, you know learning curve methodology. Using the data from your previous production of Wonkers you find that you have a 92% learning curve. Whenever you twice the number of units produced your labor time will decrease by 8%. In appending you detect that the 8,000th unit required only 1.75 hours of labor.
You then make the retinue analysis:
Unit Labor
Num. Time
8,000 1.75
16,000 1.61
32,000 1.48
64,000 1.36
Ave. Prod. Total
Time Units Time
1.68 8 [link widoczny dla zalogowanych],000 13 [link widoczny dla zalogowanych],440
1.55 16,000 24,800
1.42 32,000 45,440
1.33 36,000 49,320
Total 100,000 133,000
The aggregate is 133,000 hours to produce 100,000 Wonkers. This gives an mean labor time of 1.33 hours for each Wonker. Your bid will be lower than your competitor's bid.
It is remove that you could have a great convenience over a competitor that was illiterate of how learning curves work. From the information available about your competitor, it is presumable that his labor costs would be lower than yours. He lost the contract because he did not know how to calculate his labor costs based on learning curve theory.
Learning curves can be a excellent asset in bidding for many types of jobs. You will be able to define your labor costs with great precision. As you know the lowest bid wins the game!