Services are gaining ever more importance in every economy in the world. In reflection of the overall trends, manufacturers are being advised to expand and integrate their service offerings to the core product offerings.However, the number of empirical academic studies on the topic is still...

For strategic purposes of setting price and productivity targets, organizations need to make projection of long-term cost as well as short-term cost estimation. For long-term cost estimation, organizations do rely on the experience curve among other methodologies. However, for short-term cost...

The evolution of civilization appears to have primarily resulted from continuous improvement made possible by technological advances. A group of social evolutionists and economists have identified, among others, energy, transport, as well as information and communication to be the three most...

According to the World Health Organization, more than one million road traffic deaths occur every year throughout the world. Many countries have established quantified road safety targets in response. Road safety targets need to be based on reliable forecasting methods. This paper attempts to...

Many of the critical technologies in knowledge economy are undergoing an exponential rate of rapid improvement. The best known roadmap to guide exponential trend of improvement has been provided by Moore’s law. This paper will update the validity of Moore’s law by applying it to...