What is experience curve?

Some articles on experience curve, experience, curve:

Boston Consulting Group - Developed Concepts - Experience Curve
... The experience curve illustrates that the more often a task is performed the lower will be the cost of doing it ... BCG founder, Bruce Henderson, expounded the implications of the experience curve for strategy ... strategic advantage, firms should capitalize on these learning and experience effects ...
Experience Curve Effects - The Experience Curve - Experience Curve Discontinuities
... The experience curve effect can on occasion come to an abrupt stop ... Graphically, the curve is truncated ... The upgrade will mean the old experience curve will be replaced by a new one ...

Famous quotes containing the words curve and/or experience:

    In philosophical inquiry, the human spirit, imitating the movement of the stars, must follow a curve which brings it back to its point of departure. To conclude is to close a circle.
    Charles Baudelaire (1821–1867)

    Undermining experience, embellishing experience, rearranging and enlarging experience into a species of mythology.
    Philip Roth (b. 1933)