This article is about fall in costs with increased experience in production. For other uses, see Learning curve (disambiguation).
Express the relationship between experience producing a good and the efficiency of that production
It has been suggested that this article be merged with Learning curve. (Discuss) Proposed since April 2024.
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]
^"Solar (photovoltaic) panel prices vs. cumulative capacity". OurWorldInData.org. 2023. Archived from the original on 29 September 2023. OWID credits source data to: Nemet (2009); Farmer & Lafond (2016); International Renewable Energy Agency (IRENA).
^"Swanson's Law and Making US Solar Scale Like Germany". Greentech Media. 2014-11-24.
^Hirschmann, Winfred B. (1964-01-01). "Profit from the Learning Curve". Harvard Business Review. No. January 1964. ISSN 0017-8012. Retrieved 2020-11-17.
^Henderson, Bruce D. "The Experience Curve – Reviewed II: History, 1973". Retrieved 2013-04-05.
and 22 Related for: Experience curve effects information
In industry, models of the learning or experiencecurve effect express the relationship between experience producing a good and the efficiency of that...
A learning curve is a graphical representation of the relationship between how proficient people are at a task and the amount of experience they have....
of airplanes" which describes what is known as Wright's law or experiencecurveeffects. The paper describes that "we learn by doing" and that the cost...
As a consequence, cost of solar declined significantly due to experiencecurveeffects like improvements in technology and economies of scale. Several...
road effect has been hypothesised as a reason that self-reported experiencecurveeffects are overestimated.[citation needed] Accuracy and precision Availability...
achieve experiencecurveeffects and location economies in their home country. Ownership advantages include the firm's assets, international experience, and...
these firms are able to take advantage of scale economies and experiencecurveeffects, because it is able to mass-produce a standard product, which can...
Economies of scale Gold plating (project management) Learning curveExperiencecurveeffects Liebig's Law of the minimum Marginal value theorem Opportunity...
Economies of scale Economies of agglomeration Economies of scope Experiencecurveeffects Ideal firm size Homogeneous function Mohring effect Moore's law...
The forgetting curve hypothesizes the decline of memory retention in time. This curve shows how information is lost over time when there is no attempt...
diffusion of innovations Highly optimized tolerance Proposed form of experiencecurveeffects Pink noise The law of stream numbers, and the law of stream lengths...
learning curve demonstrating experiencecurveeffects. A learning curve measures the rate of a metric of learning relative to a metric for experience. Linda...
reactions based on orbital symmetry. Wright's law also known as Experiencecurveeffects postulates that as production doubles, the cost of production will...
and then decrease economic inequality. The Kuznets curve appeared to be consistent with experience at the time it was proposed. However, since the 1970s...
and long-run effects on unemployment. Modern Phillips curve models include both a short-run Phillips Curve and a long-run Phillips Curve. This is because...
curve is any of a variety of J-shaped diagrams where a curve initially falls, then steeply rises above the starting point. In economics, the "J curve"...
The Bell Curve: Intelligence and Class Structure in American Life is a 1994 book by psychologist Richard J. Herrnstein and political scientist Charles...
The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income...
strategic implications of the experiencecurve came closer to shattering earth."—The Economist, 2009 The ExperienceCurve is a managerial tool primarily...
distributed. A normal distribution is sometimes informally called a bell curve. However, many other distributions are bell-shaped (such as the Cauchy,...