Examlex
For an 80% learning curve, if the first unit requires 10 hours, the second unit will require 8 hours and the third 6.4 hours.
Utilization Factor
A measure that assesses how effectively a production resource is used, typically comparing actual output to maximum possible output.
Poisson Distribution
A statistical probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.
Negative Exponential Distribution
A probability distribution used to model time between independent events that occur at a constant average rate.
Average Arrival Rate
The average rate at which entities (such as customers or products) arrive at a specific point or system over a defined period.
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