cost minimization


Also found in: Medical.

cost minimization

production of a given OUTPUT at minimum cost by combining FACTOR INPUTS with due regard to their relative prices. See COST FUNCTION, ISOQUANT CURVE.
References in periodicals archive ?
Get Report Sample Copy @ https://www.mrrse.com/sample/1536 PLM provides many benefits to organizations, such as significant reduction in time-to-market for the product, production cost minimization, and product quality and reliability enhancement.
Through staff optimization and cost minimization, clients are able to refocus their IT resources on the expansion of core business operations.
Current trends in treatment of hypertension in Karachi and cost minimization possibilities.
Trimble and Aurizon are committing dedicated teams in the field of data science to solve a range of rail freight industry challenges such as asset utilization, cost minimization, infrastructure management and predictive maintenance.
The proposed method is solved for cost minimization and emission minimization initially with values of w as 1 and 0 and the results are tabulated in Table V.
Minimizing total cost should be the borrower's major objective because cost minimization is the path to early debt retirement.
Shifting application from an individual lease to a portfolio level offers practicality and cost minimization for companies adopting FASB's new lease accounting standard.
Thus, expectations for cost minimization as well as self-consumption maximization can be weighted and the optimal PV capacity can be calculated accordingly.
Minimization is carried out for the cases: w = 1 (fuel cost minimization), w = 0 (emission minimization) and w = 0.5 (minimization of fuel cost and emission, simultaneously).
Shirzadeh Chaleshtari, "Resource tardiness weighted cost minimization in project scheduling," Advances in Operations Research, vol.
The following terms were used for access: (parkinson disease) AND TITLE-ABS-KEY (economics) OR TITLE-ABSKEY (costs of illness) OR TITLE-ABS-KEY (health expenditures) OR TITLE-ABS-KEY (cost effectiveness analysis) OR TITLE-ABS-KEY (cost benefit analysis) OR TITLE-ABS -CUT (cost utility analysis) OR TITLE-ABS-KEY (cost minimization analysis) OR TITLE-ABS-KEY (direct costs) OR TITLEABS-KEY (CB costs) OR TITLE-ABS-KEY (out of pockets) AND DOCTYPE (air OR re) AND PUBYEAR > 2004 AND (LIMIT-TO (LANGUAGE, "English")) AND (LIMITTO (DOCTYPE, "air")).