Learning Curve Effects - 2
The theory is
- The time required for each succeeding repetition decreases by a fixed percentage of the previous value
- This factor is called the "learning curve ratio"
- Highly competitive contractors take advantage of this phenomenon
- Especially those offering specialized services
- Giving them competitive advantage
- You can find a lot more on this topic in my paper
- Applying Resource Loading, Production & Learning Curves to Construction: A Pragmatic Approach