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 ?
To help transform its packaging lines, Gumlink turned to GE Fanuc for a Production Management software solution, which has enabled the company to access key metrics for improved decision-making, increase production efficiency by 10%, drive the flexibility and scalability needed to introduce new products quickly, and achieve payback in less than three months.
This can be measured in Overall Production Efficiency or Production Reliability or Prime Tons/Cost.
The recstill boost in capacity is said to be the result of an ongoing program for maximizing production efficiency at the company's lead stabilizer facility in Philadelphia, PA.
EVS offers a broad portfolio of automatic in-line inspection and quality monitoring systems used to improve product quality and increase production efficiency.
As the web of paper is fed into the slitting section, two issues impact the sheeting line's overall flexibility and production efficiency.
A short cure time maximizes production efficiency but increastatics the number of undercured reject parts.
Compared to conventional concepts, the OptiCoater gives paper makers significant advantages, including 30% additional coating capacity, a 30% reduction in coating machine space requirements, excellent runnability, high production efficiency, and superb coating quality.

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