Cost Estimating Using a New Learning Curve Theory for Non-Constant Production Rates

Cost Estimating Using a New Learning Curve Theory for Non-Constant Production Rates

Traditional learning curve theory assumes a constant learning rate regardless of the number of units produced. However, a collection of theoretical and empirical evidence indicates that learning rates decrease as more units are produced in some cases. These diminishing learning rates cause tradition...

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Bibliographic Details
Main Authors: Dakotah Hogan, John Elshaw, Clay Koschnick, Jonathan Ritschel, Adedeji Badiru, Shawn Valentine
Format: Article
Language:English
Published: MDPI AG 2020-10-01
Series:Forecasting
Subjects:
learning curve
forecasting
production cost
cost estimating
Online Access:https://www.mdpi.com/2571-9394/2/4/23

Internet

https://www.mdpi.com/2571-9394/2/4/23

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