Experience curves show the scale factor or number of dimensions “m” of the production facility, the growth rate constant constant, and contain cycles with time.  The full equation for the experience curves depends upon the scale of the production facility at a given time, the number of men currently working on it and the expansion effort currently underway.  Using men(t) as a variable, which is proportional to money via wages, and an exponential demand from the population gives the following differential equation and its’ solution.  The periodicity is shown to be a fundamental part of the solution.

the-full-experience-curve

I was talking to Gregory S. Patince recently about Research being an Investment, or not.  My view of course is that it can be if managed to be an investment.  Just how that is so is included in the following documents.  The criteria of what is required is defined.

research-as-investment-power-point1

research-as-investment-manuscript

These documents are part of the continuing dialog about what Experience Curves are and how they can be extended beyond historic data.