.BusinessSimulation.MoleculesOfStructure.Blocks.ExperienceCurve .BusinessSimulation.MoleculesOfStructure.Blocks.ExperienceCurveThis information is part of the Business Simulation Library (BSL). Please support this work and ► donate.
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:
hasCumulatedInput = true the input
u is assumed to be the cumulated value of
production (N) and the initial production (N_0) is initialized with
the initial value of u (unless u <
1, in which case the initial production is initialized to
1).hasCumulatedInput = false the input
u is assumed to be the current rate of production
which will be accumulated starting with N_0 = 1.costLimit) can be given. It will be either a floor
(learningRate >= 0) or a ceiling
(learningRate < 0).