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  2. Stock keeping unit - Wikipedia

    en.wikipedia.org/wiki/Stock_keeping_unit

    In inventory management, a stock keeping unit (abbreviated as SKU, pronounced es-kay-YOO or SKEW [1]) is the unit of measure in which the stocks of a material are managed.It is a distinct type of item for sale, [2] purchase, or tracking in inventory, [3] such as a product or service, and all attributes associated with the item type that distinguish it from other item types (for a product ...

  3. Pharmaceutical engineering - Wikipedia

    en.wikipedia.org/wiki/Pharmaceutical_engineering

    Pharmaceutical engineering is a branch of engineering focused on discovering, formulating, and manufacturing medication, analytical and quality control processes, and on designing, building, and improving manufacturing sites that produce drugs. It utilizes the fields of chemical engineering, biomedical engineering, pharmaceutical sciences, and ...

  4. Pharmacoeconomics - Wikipedia

    en.wikipedia.org/wiki/Pharmacoeconomics

    Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. [ 1 ][ 2 ] It is a sub-discipline of health economics. A pharmacoeconomic study evaluates the cost (expressed in monetary terms) and effects (expressed in terms of monetary value, efficacy or enhanced quality of ...

  5. Pharmaceutical industry - Wikipedia

    en.wikipedia.org/wiki/Pharmaceutical_industry

    A drug manufacturer inspection by the US Food and Drug Administration. The pharmaceutical industry is an industry involved in medicine that discovers, develops, produces, and markets pharmaceutical goods for use as drugs that function by being administered to (or self-administered by) patients using such medications with the goal of curing and/or preventing disease (as well as possibly ...

  6. Elasticity (economics) - Wikipedia

    en.wikipedia.org/wiki/Elasticity_(economics)

    Definition. [edit] Elasticity is the measure of the sensitivity of one variable to another. [ 10 ] A highly elastic variable will respond more dramatically to changes in the variable it is dependent on. The x-elasticity of y measures the fractional response of y to a fraction change in x, which can be written as.

  7. Supply chain - Wikipedia

    en.wikipedia.org/wiki/Supply_chain

    t. e. Supply and demand stacked in a conceptual chain. A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [ 1 ] to end consumers [ 2 ] or end customers. [ 3 ] Meanwhile, supply chain management deals with the flow of goods in distribution channels within ...

  8. Engineering economics - Wikipedia

    en.wikipedia.org/wiki/Engineering_economics

    Engineering economics, previously known as engineering economy, is a subset of economicsconcerned with the use and "...application of economic principles"[1]in the analysis of engineering decisions.[2] As a discipline, it is focused on the branch of economics known as microeconomicsin that it studies the behavior of individuals and firms in ...

  9. Techno-economic assessment - Wikipedia

    en.wikipedia.org/wiki/Techno-economic_assessment

    Appearance. Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. The methodology originates from earlier work on combining technical, economic and risk assessments for chemical production processes. [ 1 ]