ON THE USE OF CATASTROPHE THEORY IN LEARNING CURVE ANALYSIS Available to Purchase

Recent rapid economic developments in East Asia are evidenced by the establishment of many new factories and enterprises in the region. New production facilities almost always go through a period of “learning” in their production activities. Therefore, the study of learning curve effects in production cost projections is especially important for enterprises in this region that have experienced tremendous business and operational growth. This paper proposes a new way to model the learning curve effects that has not previously been discussed in cost accounting literature.