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An operating expense (opex) [a] is an ongoing cost for running a product, business, or system. [1] Its counterpart, a capital expenditure (capex), is the cost of developing or providing non-consumable parts for the product or system.
Example of an object-oriented model [1]. An object database or object-oriented database is a database management system in which information is represented in the form of objects as used in object-oriented programming.
In business strategy, cost leadership is a strategy aiming to establish a competitive advantage by having the lowest cost of operation in the industry. [1] Cost leadership is often driven by company efficiency, size, scale, scope and cumulative experience (learning curve).
In software development, an object is an entity that has state, behavior, and identity. [1]: 78 An object can model some part of reality or can be an invention of the design process whose collaborations with other such objects serve as the mechanisms that provide some higher-level behavior.
Influenced by both MIT and Simula, Alan Kay began developing his own ideas in November 1966. He would go on to create Smalltalk, an influential object-oriented programming language.