Experience curve effects
Express the relationship between experience producing a good and the efficiency of that production / From Wikipedia, the free encyclopedia
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This article is about fall in costs with increased experience in production. For other uses, see Learning curve (disambiguation).
In industry, models of the learning or experience curve effect express the relationship between experience producing a good and the efficiency of that production, specifically, efficiency gains that follow investment in the effort. The effect has large implications for costs[3] and market share, which can increase competitive advantage over time.[4]
It has been suggested that this article be merged with Learning curve. (Discuss) Proposed since April 2024. |