opticallabproducts.com
EXPERIENCE CURVE EFFECTS - Optical Lab Products
Bruce Henderson, the founder of the Boston Consulting Group, was studying production at a microchip plant in the 1960’s when he noticed production costs decreased by 25% when volume doubled. As he studied other industries, he noted cost reductions of 10% to 25% when volume doubled. He called this reduction of costs the Experience Curve.Read More