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Analytical Methods & Strategies Category Winner Presentation
May 20, 2020 @ 12:00 pm - 1:00 pm
Each webinar attended earns 0.1 points towards CCEA recertification.
In Search of the Production Steady State: Mission Impossible?
Patrick McCarthy
Webinar Presentation: Wednesday May 20, 2020 at 12:00pm ESTÂ RSVP Online
Learning Curves are a vital tool for cost estimators when predicting the number of direct labor hours required for a production run. One challenge of utilizing learning curves is predicting when no additional improvement can be expected, otherwise known as the steady state of the production run. This paper addresses different variables to consider when analyzing data to determine when improvement is likely to cease and the steady state of the production run will commence.