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Cost price is also known as CP. cost price is the original price of an item. The cost is the total outlay required to produce a product or carry out a service.
Indirect labour cost: The indirect labour cost is the cost associated with workers, such as supervisors and material handling team, who are not directly involved in the production.
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.
The intrinsic value is the difference between the underlying spot price and the strike price, to the extent that this is in favor of the option holder. For a call option, the option is in-the-money if the underlying spot price is higher than the strike price; then the intrinsic value is the underlying price minus the strike price.
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Many theoretical measures of production efficiency have been proposed in the literature as well as many approaches to estimate them. The most popular measures of efficiency include Farrell measure [3] (also known as Debreu–Farrell measure, since Debreu (1951) has similar ideas [4]).
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Production control is the activity of monitoring and controlling a large physical facility or physically dispersed service. It is a "set of actions and decision taken during production to regulate output and obtain reasonable assurance that the specification will be met."