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The FY13 cost of an LCS was $446.3 million compared to $735 million for an NSC. [64] Patrol Frigate 4921 is a more radical redesign. It has a crew of 141. [62] Weapons and sensors are added at the expense of reducing range from 12,000 to 8,000 nautical miles (22,000 to 15,000 km). [63]
The term was coined by IBM to describe devices that allowed random access to data, the main examples being drum memory and hard disk drives. [1] Later, optical disc drives and flash memory units are also classified as DASD. [2] [3]
Direct materials cost the cost of direct materials which can be easily identified with the unit of production. For example, the cost of glass is a direct materials cost in light bulb manufacturing. [1] The manufacture of products or goods requires material as the prime element. In general, these materials are divided into two categories.
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Cost Estimating is an approximation of the cost of all resources needed to complete activities. Cost budgeting aggregating the estimated costs of resources, work packages and activities to establish a cost baseline. Cost Control – factors that create cost fluctuation and variance can be influenced and controlled using various cost management ...
Economic cost is the combination of losses of any goods that have a value attached to them by any one individual. [ 1 ] [ 2 ] Economic cost is used mainly by economists as means to compare the prudence of one course of action with that of another.
Material theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research and operations management that is concerned with the design of production/inventory systems to minimize costs: it studies the decisions faced by firms and the military in connection with manufacturing, warehousing, supply chains, spare part allocation and so on ...
Material selection is a step in the process of designing any physical object. In the context of product design, the main goal of material selection is to minimize cost while meeting product performance goals. [1] Systematic selection of the best material for a given application begins with properties and costs of