Search results
Results from the WOW.Com Content Network
In economics, discounted utility is the utility (desirability) of some future event, such as consuming a certain amount of a good, as perceived at the present time as opposed to at the time of its occurrence. [1]
0.1 × ( 12 ÷ 8 ) = 0.15 grain per dscf when corrected to a gas having a specified reference CO 2 content of 12 volume %. Notes: Although ppmv and grains per dscf have been used in the above examples, concentrations such as ppbv (i.e., parts per billion by volume), volume percent, grams per dscm and many others may also be used.
Time value of money problems involve the net value of cash flows at different points in time. In a typical case, the variables might be: a balance (the real or nominal value of a debt or a financial asset in terms of monetary units), a periodic rate of interest, the number of periods, and a series of cash flows. (In the case of a debt, cas
Exponential discounting is not dynamically inconsistent. A key aspect of the exponential discounting assumption is the property of dynamic consistency— preferences are constant over time. [1] In other words, preferences do not change with the passage of time unless new information is presented.
In economics, a discount function is used in economic models to describe the weights placed on rewards received at different points in time. For example, if time is discrete and utility is time-separable, with the discount function f(t) having a negative first derivative and with c t (or c(t) in continuous time) defined as consumption at time t, total utility from an infinite stream of ...
In thermodynamics, the reduced properties of a fluid are a set of state variables scaled by the fluid's state properties at its critical point.These dimensionless thermodynamic coordinates, taken together with a substance's compressibility factor, provide the basis for the simplest form of the theorem of corresponding states.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Cost–volume–profit (CVP), in managerial economics, is a form of cost accounting. It is a simplified model, useful for elementary instruction and for short-run decisions. It is a simplified model, useful for elementary instruction and for short-run decisions.