absorption

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Absorption

1. The total demand for all goods and services in an economy. One calculates the absorption by adding the value of all goods and services produced and consumed locally to that of all imports.

2. A French term for acquisition.

absorption

the sharing of indirect costs or OVERHEADS to units of product by means of COST RATES. Provided that actual overheads do not exceed BUDGET and that actual output is the same as budgeted output, then the overhead cost rate should allow total product cost to be determined, and a selling price set which will recover the overhead costs involved in producing and selling the product. See STANDARD COST, OVERHEAD COST VARIANCE.
References in periodicals archive ?
We will conclude with recommendations for 1) routine statistical quality control of ligand assay and therapeutic drug monitoring and 2) quality assurance.
11 BioRad Market Analysis 162 Appendix 1: Analysis of Plasma Drug Concentrations in Therapeutic Drug Monitoring 166
Moreover, the study analyzes almost all of the companies known to be marketing, manufacturing or developing therapeutic drug monitoring products in the U.
German Society for Internal Medicine in 1971, the IATDMCT Charles Pippenger Award for Outstanding Contributions to Therapeutic Drug Monitoring in 2001, and the 2002 CSCC Travelling Lectureship Award.
His overall knowledge and experience in the therapeutic drug monitoring industry dovetails nicely with Millennium's existing strategies for growth and market penetration.
Up-to-date one-stop information on therapeutic drug monitoring - Description of 27 companies involved with their collaborations in this area - Market analysis 2012-2022/ - Market values in major regions - Strategies for developing markets for therapeutic drug monitoring - A selected bibliography of 150 publications - Text is supplemented by 17 tables and 6 figures
Aetna's support of therapeutic drug monitoring services for their participating physicians advances urine drug screening as a standard of care to ensure patients have quality pain management.
The global therapeutic drug monitoring market is dominated by eight major suppliers that account for a combined 88.
Millennium Laboratories, a leading provider of therapeutic drug monitoring and education to physicians and staff treating chronic pain patients, announced today an agreement with Three Rivers Provider Network (TRPN), the largest and fastest growing proprietary Preferred Provider Organization (PPO) network in the United States.
He serves as Interim Chief of Clinical Laboratories, Director of Core Laboratory Operations, and Director of the Toxicology/ Therapeutic Drug Monitoring Laboratory for University and Children's Hospitals.
Through the introduction of new LOCI[TM] Advanced Chemiluminescence Technology, the Dimension Vista([R]) 1500 Intelligent Lab System provides clinical laboratories with the capability to run a broad menu of tests, which includes panels for cardiac disease, thyroid disorders, therapeutic drug monitoring, drugs-of-abuse testing, protein testing, and routine and specialty chemistry testing.
In this issue of the Journal, Jenny and Jackson-Tarentino (1) have carefully analyzed data from the New York State Department of Health therapeutic drug monitoring proficiency testing program to determine some causes of unsatisfactory performance.

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