Article1979

A Theory of Progress Functions

64 citations0/0 files storedA I I E Transactions

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Innovation Diffusion and Forecasting Probability and Statistical Research Statistical Distribution Estimation and Applications

Abstract

Despite its applicability to a variety of phenomena and its demonstrated utility, a theoretical explanation of the progress function is generally lacking. The objective of this paper is to present a theory which accounts for the shape, slope and stability of the progress function. It is shown that a progress function is isomorphic to the Pareto distribution. Further, the process giving rise to a progress function can be explained either in terms of a probabilistic or deterministic mechanism. The theory is further developed and its implications are discussed.

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1962The Economic Implications of Learning by Doing 1971The Economic Implications of Learning by Doing 1936Factors Affecting the Cost of Airplanes 2017Journal of Industrial Engineering 1953A Model of Income Distribution 1963Reliability of Progress Curves in Airframe Production 1965Learning and World War II Production Functions 1967Random Processes and the Growth of Firms

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