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Learning curve

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Definition Edit

A learning curve (also called an experience curve) is a

[g]raphical depiction of declines in manufacturing costs with time or with accumulated production volume. While often attributed to learning by factory personnel and engineers, the curves — which tend to show rapid cost decreases for semiconductor manufacturing, leading to competitive strategies based on advance pricing — also depend on many other factors, including product design changes.[1]

References Edit

  1. International Competitiveness in Electronics, Glossary, at 507.

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