Learning Curves: A Review,
Abstract
When forecasting or estimating costs, analysts are always looking for logical relationships and patterns. These relationships and patterns help us better understand and estimate costs. One of the most widely applied cases where patterns are used involve production. These cases call for use of learning curves. Learning curve theory states that under certain conditions and due to several reasons, there are patterns in direct costs in a production situation. Several patterns, including the unit, cumulative average, and Cochran's S, have been identified and used in cost analysis. This article discusses the conditions which are necessary for a learning curve pattern to be expected, the reasons for the pattern, and some of the specific patterns that have been noted.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1982
- Accession Number
- ADP001231
Entities
People
- Roland D. Kankey
Organizations
- Air Force Institute of Technology