.BusinessSimulation.MoleculesOfStructure.Blocks.ExperienceCurve

Information

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The output y describes the input that is needed to produce one unit. The experience curve describes the often observed empirical trend, that with every doubling in cumulated production, the effort or cost needed per unit (e.g., unit cost) will shrink by a constant percentage (learningRate), see Louwen and Subtil Lacerda [27] for an introduction.

The output y is obtained by the following formula:

Formula.svg


Notes


Revisions


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