Learning-by-doing (economics)
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Learning-by-doing is a
With roots all the way by to Adam Smith's analysis of pin manufacturing,[1] the quantification of the idea was realised from the manufacturing of B17 Flying Fortress bombers during world war II.[2] For B17's the costs reduced proportionally with the cumulative manufacturing, rather than with ongoing volume. This explains the non-linearity of learning-by-doing cost reduction, as seen for example in semiconductor manufacturing[3] or with solar PV production.[4]
The concept of learning-by-doing has been used by
Recently, it has become a popular explaining concept in the evolutionary economics and resource-based view (RBV) of the firm.[citation needed]
The Toyota Production System is known for Kaizen, that is explicitly built upon learning-by-doing effects.[citation needed]
See also
- Experience curve effects – Express the relationship between experience producing a good and the efficiency of that production
- Learning curve – Relationship between proficiency and experience
References
- JSTOR 2723893.
- ISBN 0-226-46832-1.
- doi:10.1086/261968.
- hdl:1721.1/123492.
- JSTOR 2295952.
- ISSN 0304-3932.
- JSTOR 2937738.