Construction Physics • 25889 implied HN points • 12 Dec 24
- Learning curves show that the more something is produced, the cheaper it gets. This happens because experience helps make production more efficient.
- The evolution of polycrystalline diamond drill bits shows that real-world experience is key to improving technology. Companies learned from failures and made better bits over time.
- Understanding how different bits work in different rocks was crucial for progress. Customizing the design of drill bits based on experience led to much better drilling performance.