Mass Customization and the Learning Curve Appendix 7A. Mass customization is the new trend of making products partially mass produced, and partially customized.
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2005 South-Western Publishing
Ln T = .4 - .02 • QR2 = .834 N = 30
where T is time it took to make a basket and Q is the accumulated number of baskets made, and the parentheses contain t-statistics.
Q:Is this firm finding any benefits of Learning by Doing?
A:Yes, the coefficient on Q is negative, so it takes less time to make baskets as the number of baskets made grows. The coefficient is statistically significant.
L = (C2/C1)·100%