economize

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economize

vb. to produce:
  1. a given OUTPUT of a product using fewer FACTOR INPUTS than previously;
  2. more output than before from the same amount of factor inputs;
  3. a given output of a product at lower cost than before by substituting cheaper factor inputs for more expensive ones in the production process (the ‘ideal’ or optimum position is attained when the largest possible output is produced from a given volume of factor inputs using available technology);
  4. a given output at the least possible factor cost. See PRODUCTIVITY, EFFICIENCY, ECONOMICS, PRODUCTION POSSIBILITY BOUNDARY.
References in periodicals archive ?
Very often there will be multiple boilers involved and ideally the economisers should be installed without affecting the normal operation of the system.
The Greens company in Indiaexpects further development in the future built on the Group's substantial experience in supplying economisers, waste heat boilers and HRSGs to all major markets and to many International boiler companies.
Following the recent launch of three innovative energy-saving options for its J Series and VMP vertical steam boilers, Fulton has introduced an optional flue gas Economiser for its gas and dual-fuel-fired horizontal RBC boiler range.
Cochran design and manufacture a range of economisers to suit the specific boiler output and fuel conditions.
Using Flogas' cleaner burning liquid petroleum gas as the primary fuel, coupled with the latest dual fuel burner technology and proven energy saving applications such as digital combustion controls, variable speed drives, flue gas economisers and oxygen trim.
Wellman Robey retro-fits an average of 20 Economisers a year.
The latest heat transfer surface design of the Babcock Wanson economisers permits dual fuel operation with both gas and light oil greatly extending periods between cleaning due to the non fouling finning of the extended heating surface.
Although there have been several fuel saving innovations incorporated into the boiler-house refurbishment, the main contribution comes from the new economisers which are fitted within the existing boiler shell.
Wellman Robey, is able to offer a complete range of ECA compliant steam and hot water boilers, together with associated burners and economisers.