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Half-life of Innovation Using Learning Curves
INTRODUCTION TO LEARNING CURVES FOR INNOVATION
Learning curves, also known as performance progress functions, are used extensively in business, science, technology, engineering, and industry to predict system performance over time. Learning curves have a direct application for quantitative analysis of innovation, particularly because of the dynamism of technology driving innovation. Innovation of today may be outdated tomorrow. Innovation of the future may not yet be conceived. Although most of the early development and applications of learning curves were in the area of production engineering, contemporary applications can be found in all areas of applications. Technology, in particular, ...
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