cost minimization
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Cost-minimization analysis — Cost minimization is a tool used in pharmacoeconomics and is applied when comparing multiple drugs of equal efficacy and equal tolerability Therapeutic equivalence must be referenced by the author conducting the study and should have been done… … Wikipedia
cost minimization — The behavioural assumption that an individual or firm will seek to purchase a given amount of goods or inputs at the least cost, other things being equal. By making certain assumptions, there will exist a single cost minimizing combination of… … Big dictionary of business and management
Weak axiom of cost minimization — In economics, the weak axiom of cost minimization (WACM) provides a nonparametric test of cost minimization, which can be applied only when both input price and quantity data are available for individual firms. External links *… … Wikipedia
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
Isocost — In economics an isocost line represents a combination of inputs which all cost the same amount. Although similar to the budget constraint in consumer theory, the use of the isocost pertains to cost minimization in production, as opposed to… … Wikipedia
production, theory of — ▪ economics Introduction in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… … Universalium
Porter generic strategies — Michael Porter has described a category scheme consisting of three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage. These three generic strategies are defined along two dimensions:… … Wikipedia
Perfect competition — Economics … Wikipedia
Health economics — For the journal, see Health Economics. Economics … Wikipedia
Pharmacoeconomics — refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. It is a sub discipline of Health economics. A pharmacoeconomic study evaluates the cost (expressed in monetary terms) and effects… … Wikipedia
Channel coordination — (or supply chain coordination) aims at improving supply chain performance by aligning the plans and the objectives of individual enterprises. It usually focuses on inventory management and ordering decisions in distributed inter company settings … Wikipedia
