cost efficiency
61Data Efficiency — refers to efficiency of the many processes that can be applied to data such as storage, access, filtering, sharing, etc., and whether or not the processes lead to the desired outcome within resource constraints.A management definition of Data… …
62Customer Cost — refers not only to the price of a product, but also encompasses the purchase costs as well as use costs and post use costs. Purchase costs mainly consist of the cost of searching for a product, gathering information about it and obtaining it. The …
63Data efficiency — refers to efficiency of the many processes that can be applied to data such as storage, access, filtering, sharing, etc., and whether or not the processes lead to the desired outcome within resource constraints. A management definition of Data… …
64Economic Efficiency — A broad term that implies an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one… …
65Financial market efficiency — is an important topic in the world of Finance. While most financiers believe the markets are neither 100% efficient, nor 100% inefficient, many disagree where on the efficiency line the world s markets fall. The main theories describing how… …
66Whole-life cost — Whole life cost, or Life cycle cost (LCC), refers to the total cost of ownership over the life of an asset [1]. Also commonly referred to as cradle to grave or womb to tomb costs. Costs considered include the financial cost which is relatively… …
67marginal efficiency of investment — ▪ economics in economics, expected rates of return on investment as additional units of investment are made under specified conditions and over a stated period of time. A comparison of these rates with the going rate of interest may be used …
68Minimum-cost flow problem — The minimum cost flow problem is finding the cheapest possible way of sending a certain amount of flow through a flow network. Contents 1 Definition 2 Relation to other problems 3 Solutions 4 See also …
69Productive efficiency — occurs when the economy is operating at its production possibility frontier (PPF). This takes place when production of one good is achieved at the lowest cost possible, given the production of the other good(s). Equivalently, it is when the… …
70production cost variance — In standard costing, the variance arising when the standard cost of the actual production is compared with the actual cost incurred. If the standard cost is higher than the actual cost a favourable variance arises, while if the actual cost… …
