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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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The Technological Progress Function: A New Technique for Forecasting
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Paperback. Zustand: New. Print on Demand. This book challenges conventional methods of forecasting technological advancements, presenting new insights based on the author's study of technological progress functions. The author identifies patterns in how technology evolves over time, arguing that technological advancements are logarithmically linear in relation to cumulative production units. Crucially, the book highlights that external factors can impact the rate of progress in a quantifiable fashion. The author analyzes case studies from diverse industries, including aviation, manufacturing, and computing, to demonstrate the applicability of this new forecasting approach. This book is valuable for development planners and anyone seeking to understand how technological change drives progress in different sectors. It offers practical insights for making more accurate forecasts and informed decisions in an increasingly technology-driven world. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334431487_0
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334431487
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