product cost function
21Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …
22direct cost — noun also direct charge : a cost that may be computed and identified directly with a product, function, or activity and that usually involves expenditures for raw materials and direct labor and sometimes specific and identifiable items of… …
23indirect cost — noun also indirect charge : a cost that is not identifiable with a specific product, function, or activity contrasted with direct cost * * * a business cost that is not directly accountable to a particular function or product; a fixed cost, as a… …
24Quality function deployment — (QFD) was originally developed in Japan by Yoji Akao in 1966 when the author combined his work in quality assurance and quality control points with function deployment used in Value Engineering. Mr. Akao described QFD as a “method to transform… …
25Joint product pricing — Pricing for joint products is a little more complex than pricing for a single product. To begin with there are two demand curves. The characteristics of each demand curve could be different. Demand for one product could be greater than for the… …
26New product development — In business and engineering, new product development (NPD) is the term used to describe the complete process of bringing a new product to market. A product is a set of benefits offered for exchange and can be tangible (that is, something physical …
27Structured product — A structured product is generally a pre packaged investment strategy which is based on derivatives, such as a single security, a basket of securities, options, indices, commodities, debt issuances and/or foreign currencies, and to a lesser extent …
28Ordinal collapsing function — In mathematical logic and set theory, an ordinal collapsing function (or projection function) is a technique for defining (notations for) certain recursive large countable ordinals, whose principle is to give names to certain ordinals much larger …
29Fission product — Fission products are the atomic fragments left after a large nucleus fissions. Typically, a large nucleus like Uranium fissions by splitting into two smaller nuclei, along with a few neutrons and a large release of energy in the form of heat… …
30Reduced cost — In linear programming, reduced cost, or opportunity cost, is the cost for increasing a variable by a small amount, i.e., the first derivative from a certain point on the polyhedron that constraints the problem. When the point is a vertex in the… …
