Production

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Production

In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.

Production

1. The process of turning raw material into a product that is sold. For example, a company's production may involve turning silver, zinc, and mercury into a dental filling.

2. Less commonly, the revenue one derives from production.

production

the act of combining FACTORS OF PRODUCTION (labour, capital, etc.) by FIRMS to produce OUTPUTS of goods and services. The relationship between inputs and outputs in physical terms is shown by the PRODUCTION FUNCTION and in cost terms by the COST FUNCTION. See BATCH PRODUCTION, MASS PRODUCTION, FLEXIBLE MANUFACTURING SYSTEM.
References in periodicals archive ?
A program that includes the following types of considerations can execute a producibility program with significant cost savings when compared with traditional, less structured approaches.
Recommendation: To ensure that DOD is taking steps to strengthen and improve the producibility and manufacturing readiness of technologies, weapon systems, subsystems, or manufacturing processes, the Secretary of Defense should assess the adequacy of the manufacturing workforce knowledge and skills base across the military services and defense agencies and develop a plan to address current and future workforce gaps.
Seminars and workshops also were presented to address certain aspects of casting, including casting design for producibility, casting candidate selection, rapid prototyping, and engineering specifications and requirements.
The mil/aero user needs data on reliability, procurability, producibility, availability, maintainability, verifiability and testability for the specific device, package, mounting and application.
2 require that acquisition programs be managed through the application of a systems engineering approach and be designed for producibility.
FiberSim tools automate the design process, assess the producibility of a part, and generate manufacturing information, including documentation, flat patterns, and data to interface with laser projectors, automated cutters, and fiber placement machines.
This includes such downstream issues as affordability, producibility, and supportability.
The use of these castings will cut part count by a factor of four compared to a welded fabrication," The castings also offer improved producibility while reducing both weight and cost.
The DISCUS product family is the leading tool set for reducing time and labor for first article inspection, inspection planning, process planning, and producibility analysis.
Through its excellent partner consortium - including 2 OEMs and several key suppliers - EU-LIVE is able to credibly provide a clear route to market for a range of different L-category vehicles which feature series producibility, attractive cost-of-ownership, full comfort, safety and connectivity, for both European and non-European markets.
IPPD led the RSVP team through the process of identifying customer requirements; developing and assessing technology alternatives; determining variabilities; performing risk analyses; and estimating performance, producibility, and cost.
Our digital manufacturing capabilities are not only simulating the facilities here in Colorado, but are being used across several other programs to improve producibility, reduce rework and mitigate program risk.