| Article ID: | iaor1992947 |
| Country: | United States |
| Volume: | 32 |
| Start Page Number: | 73 |
| End Page Number: | 76 |
| Publication Date: | Sep 1991 |
| Journal: | Production and Inventory Management Journal |
| Authors: | Finch Byron J., Luebbe Richard L. |
| Keywords: | learning |
Learning curves have frequently been used to aid in the cost estimation process when labor is a key component. This article demonstrates the effect of error in the estimation of the learning rate and, through the use of a simulation, demonstrates the importance of treating learning rates as probabilistic rather than deterministic.