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|Title:||Exponential improvements and increasing returns to scale|
Increasing returns to scale
Nested hierarchies of subsystems
|Citation:||Funk, J. (2010). Exponential improvements and increasing returns to scale. 5th IEEE International Conference on Management of Innovation and Technology, ICMIT2010 : 506-511. ScholarBank@NUS Repository. https://doi.org/10.1109/ICMIT.2010.5492767|
|Abstract:||This paper uses the concepts of "increasing returns to scale" (IRtS) and nested hierarchies of subsystems (NHoS) to explain the sources and implications of exponential improvements. IRtS exists to a greater extent in some technologies than in other technologies and realizing the benefits from IRtS often depends on the performance and cost of lower level "components" in a system's NHOS. On the other hand, when a component has a large impact on the cost and performance of a system and when the component exhibits increasing returns over a broad range of scale, the IRtS in the component can drive exponential improvements in the cost and performance of the system. © 2010 IEEE.|
|Source Title:||5th IEEE International Conference on Management of Innovation and Technology, ICMIT2010|
|Appears in Collections:||Staff Publications|
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