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Ready to begin low rate production. Detailed system design essentially complete and sufficiently stable to enter low rate production. All materials are available to meet planned low rate production schedule. Manufacturing and quality processes and procedures proven in a pilot line environment, under control and ready for low rate production.
Marx defines the "general rate of profit" as the (weighted) average of all the average profit rates in different branches of production - it is a "grand average" profit rate on production capital. The simplest indicator of this rate is obtained by dividing an estimate of total surplus value in the economy by the estimated total production ...
See also Man-hour rate. Note: some sources use the term productivity for the production rate or man-hour rate, an unnecessary confusion. Productivity is the term which relates one rate to another rate, given two differing sets of conditions for the same work. A production rate greater than the reference production rate indicates a higher ...
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1]
The production function is a graphical or mathematical expression showing the relationship between the inputs used in production and the output achieved. Both graphical and mathematical expressions are presented and demonstrated. The production function is a simple description of the mechanism of income generation in production process.
Demand for items from inventory is continuous and at a constant rate; Production runs to replenish inventory are made at regular intervals; During a production run, the production of items is continuous and at a constant rate; Production set-up/ordering cost is fixed (independent of quantity produced) The lead time is fixed
Instantaneous selectivity is the production rate of one component per production rate of another component. For overall selectivity the same problem of the conflicting definitions exists. Generally, it is defined as the number of moles of desired product per the number of moles of undesired product (Definition 1 [3]). However, the definitions ...
The slope defines the rate at which production of one good can be redirected (by reallocation of productive resources) into production of the other. It is also called the (marginal) "opportunity cost" of a commodity, that is, it is the opportunity cost of X in terms of Y at the margin.