cost function
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cost function — A formula or equation that represents the way in which particular costs behave when plotted on a graph. For example, the most common cost function represents the total cost as the sum of the fixed costs and the variable costs in the equation y =… … Accounting dictionary
cost function — A formula or equation that represents the way in which particular costs behave when plotted on a graph. For example, the most common cost function represents the total cost as the sum of the fixed costs and the variable costs in the equation y =… … Big dictionary of business and management
cost function — noun Any mathematical relationship between an activity and its cost … Wiktionary
linear cost function — Cost behaviour that, when plotted on a graph against activity levels, results in a straight line. For example, total fixed cost levels and variable costs per unit of activity will both result in a straight line horizontal to the x axis when… … Accounting dictionary
linear cost function — Cost behaviour that, when plotted on a graph against activity levels, results in a straight line. For example, total fixed cost levels and variable costs per unit of activity will both result in a straight line horizontal to the x axis when… … Big dictionary of business and management
Generalized Ozaki cost function — The generalized Ozaki cost is a general description of cost described by Shuichi Nakamura. [cite journal |author=Shinichiro Nakamura |title=A Nonhomothetic Generalized Leontief Cost Function Based on Pooled Data |journal=The Review of Economics… … Wikipedia
curvilinear cost function — Any cost relationship that results in a curved line when plotted on a graph … Accounting dictionary
Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… … Wikipedia
Cost of living index — A cost of living index is a theoretical price index that measures relative cost of living over time. There are many different methodologies that have been developed to approximate cost of living indexes, including methods that allow for… … Wikipedia
Cost-of-living index — A cost of living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions to other items as prices… … Wikipedia
Function cost analysis — (FСА) (sometimes named function value analysis (FVA)) is the a method of technical and economic research of the systems for purpose to optimize a parity between system s (as product or service) consumer functions or properties (also known as… … Wikipedia
