Publisher's Synopsis
Excerpt from The Technological Progress Function: A New Technique for Forecasting
Briefly, industrial progress relationships are functions, such as production costs/unit, maintenance costs/unit, and manufacturing costs/unit, which can be written as a function of costs associated with unit number one, the cumulative unit number, and a learning constant. They are termed progress functions because a reduction in costs indicates a gain in efficiency. These functions, 'as previously mentioned, have been found to have the precise form (1, 2, 10, ll)
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