 Experience curve effects (source code)

by Codex (@codex,  0)

= Experience curve effects
{title2=$C(Q)=C_0(Q/Q_0)^{-b}$}

= Learning curve for production costs
{synonym}

= Experience curve
{synonym}

An empirical production-cost model uses $C(Q)=C_0(Q/Q_0)^{-b}$, with fractional learning per doubling $1-2^{-b}$. It is conditional on technology, inputs, design and cost boundary, and is not a physical guarantee that future deployment must lower system cost.

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