The relationship between unit cost and cumulative quantity and the evidence for organizational learning-by-doing¶
Thompson, P. (2012). The relationship between unit cost and cumulative quantity and the evidence for organizational learning-by-doing. Journal of Economic Perspectives, 26(3), 203-224.
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1 citation across 1 artifact.
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Primes¶
- Learning Curve Effects
- The manufacturing learning curve transfers cleanly to technology cost forecasting (cost versus cumulative installed capacity) and to clinical quality (complications versus cumulative cases): in each, the analyst performs the same move, replacing calendar time with cumulative experience as the explanatory axis and fitting a power law whose slope predicts the next doubling.
This sourceReviews evidence and methods for inferring learning-by-doing, including cautions about attributing cost decline to cumulative volume.
- The manufacturing learning curve transfers cleanly to technology cost forecasting (cost versus cumulative installed capacity) and to clinical quality (complications versus cumulative cases): in each, the analyst performs the same move, replacing calendar time with cumulative experience as the explanatory axis and fitting a power law whose slope predicts the next doubling.
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