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 ?
Manufacturing process development and design trade studies contributed to the development of COSTADE (Cost Optimization Software for Transport Aircraft Design Evaluation) which allowed for defining and evaluating the cost-effectiveness and producibility of various designs.
One industry leader said that he had to lay off all of his producibility engineers in the 1990s because of the perceived added cost.
RE- PRODUCIBILITY OF TOOTH COLOR GRADATION USING A COMPUTER COLOR- MATCHING TECHNIQUE APPLIED TO CERAMIC RESTORATIONS.
The casting producibility engineers, metalcasting personnel, machine shop experts and supplier management team coordinated their efforts to meet customer objectives at the lowest total cost of ownership for this complex structural component.
Under the terms of the contract, the EMD phase of the program runs 36 months, focusing on system performance, warhead qualification and producibility.
CAPABILITY: ToleranceCalc helps users perform tolerance, sensitivity, and producibility analysis of parts and assemblies in nearly any CAD system.
Expect to reclassify Contingent Resource volumes as Reserves, once producibility of Lower Logbaba sands has been established by stimulation and testing.
Critical Code: Software Producibility for Defense by the National Research Council.
These range from CAD-based producibility software for sheet metal and molding, to rules-based handbooks, and in-house cost/time studies captured in spreadsheets.
Post-drilling mapping, along with new seismic interpretation, supports its technical and economic producibility.