Daily Archives: 28-April-2015

Good Example of the Economy of Scale

Yesterday, I saw an interesting article in the Journal of Light Construction (JLC) that does an excellent job of showing how the per-square foot cost of a deck construction drops as the total area of the deck increases (Figure 1). I found this interesting because I am going to have a structure built on my lake property in northern Minnesota. I thought this data would provide a good illustration of how I use Mathcad generate product cost models. Continue reading

 
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