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The Marshall-Edgeworth index, credited to Marshall (1887) and Edgeworth (1925), [11] is a weighted relative of current period to base period sets of prices. This index uses the arithmetic average of the current and based period quantities for weighting. It is considered a pseudo-superlative formula and is symmetric. [12]
Chemical Engineering Index, CE: composed of 4 major components – for equipment and other bulk items, the others relevant to construction labor, buildings, and engineering and supervision – the index is employed primary as a process plant construction index, was established using a base period of 1957-1959 as 100. The CE Index is updated ...
Handloading ammunition avoids the labor costs of commercial production lines, reducing the expenditure to only the cost of purchasing components and equipment.Reloading may not be cost effective for occasional shooters, as it takes time to recoup the cost of needed equipment, but those who shoot more frequently will see cost-savings over time, as the brass cartridge cases and shotgun shell ...
A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
For example, a Törnqvist index summarizing labor input may weigh the growth rate of the hours of each group of workers by the share of labor compensation they receive. [7] The Törnqvist index is a superlative index, meaning it can approximate any smooth production or cost function. "Smooth" here means that small changes in relative prices for ...
Stress testing: Providing variable weights in strength-of-materials stress-testing systems. Shot pours from a hopper into a basket, which is connected to the test item. When the test item fractures, the chute closes and the mass of the lead shot in the basket is used to calculate the fracture stress of the item.
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Free recoil / Frecoil is a vernacular term or jargon for recoil energy of a firearm not supported from behind. Free recoil denotes the translational kinetic energy (E t) imparted to the shooter of a small arm when discharged and is expressed in joules (J), or foot-pound force (ft·lb f) for non-SI units of measure.