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Chemical engineering, material science, mechanics (A scale to show the energy needed for detaching two solid particles) [33] [34] Cost of transport: COT = energy efficiency, economics (ratio of energy input to kinetic motion) Damping ratio
In statistics, scale analysis is a set of methods to analyze survey data, in which responses to questions are combined to measure a latent variable. These items can ...
Elasticity is the measurement of the proportional change of an economic variable in response to a change in another; Basic reproduction number is a dimensionless ratio used in epidemiology to quantify the transmissibility of an infection.
Nondimensionalization is the partial or full removal of physical dimensions from an equation involving physical quantities by a suitable substitution of variables.This technique can simplify and parameterize problems where measured units are involved.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Elasticity of scale or output elasticity measures the percentage change in output induced by a collective percent change in the usages of all inputs. [20] A production function or process is said to exhibit constant returns to scale if a percentage change in inputs results in an equal percentage in outputs (an elasticity equal to 1).
Economies of scale is related to and can easily be confused with the theoretical economic notion of returns to scale. Where economies of scale refer to a firm's costs, returns to scale describe the relationship between inputs and outputs in a long-run (all inputs variable) production function.
The measurable variables in economics are quantity, quality and distribution. Measuring quantity in economics follows the rules of measuring in physics. Quality as a variable refers to qualitative changes in the production process. Qualitative changes take place when relative of different constant-price input and output factors alter.