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 ?
total production program costs = PDV (rental income) + PDV (development subsidies).
Unlike some conventional curriculums, Gnomon's Entertainment Design and Digital Production Program is blended to provide both a core foundation of toolsets, as well as specialized tracks that prepare students to work in the field of their choice.
The launching of stage two, which I view as the heart of the pilot production program, is the most exciting and momentous event in the Company's history, second only to our invention of Monster Silk.
The total cost of the production program in Brazil will be $2.
We drilled 152 wells in Appalachia this year with a 99 percent success rate, compared to 80 successful wells last year, and we are looking forward to growing our exploration and production program in Appalachia.
Telephonics, in support of SRC, has committed every resource necessary to ensure the success of this critical production program for next-generation capability against Remote Control Improvised Explosive Devices (RCIED) known as Counter RCIED Electronic Warfare Increment Two (Crew-2).
The weighted-average grade of all ore produced from the Golden Wonder since the pilot production program in 1984 is 14.
This contract includes the training of all employees as well as a strategic diagnosis and the implementation of value added production program and value added management program.
Material acquired through grant programs, and certain material obtained through Foreign Military Sales (FMS) programs or Cooperative Production programs require a confirmed visual inventory, at the item serial number level, on a periodic basis.
Under the new organization, the people responsible for architectural engineering work on both production programs and advanced architectures.
SatCon also develops and builds digital power electronics, high-efficiency machines and control systems for a variety of defense applications with the strategy of transitioning those technologies into multiyear production programs.
GAO estimated that, for units with the same number of bedrooms in the same general location, the production programs cost more than housing vouchers.

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