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In the context of project financing, a defined portion of the proceeds of production up to a dollar amount.


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.


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 ?
Mike Tholen of Oil & Gas UK said: "Improving production efficiency has been a firm priority in recent years.
The Production Efficiency Share Fair Spotlight is the second in the series of similar events planned for 2017 and future topics include Well Cost Reduction which will take place on August 24.
Analysis on the influential mechanism of financial services and fiscal incentives on agricultural production efficiency
We measured an increase in production efficiency of 10%," Jensen said, "which represents 5M DKK (US$850k) per year savings.
Operations, Maintenance, Engineering and Stores are all measured and rewarded by Overall Production Efficiency (production reliability) and Total Manufacturing Costs.
The logical next step in the drive to maximize production efficiency is to integrate the sheeting device with third-party wrapping equipment.
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.
Honeywell knows that to remain competitive in the printing industry, it is essential to invest in new technology to continually improve production efficiency and quality, and to deliver new product enhancements that meets market needs," said Timo Saarelainen, director of Honeywell pulp, paper and printing centre of excellence.
Ed's vast experience in developing and managing teams, launching businesses, forming strategic alliances, and improving financial results will be particularly valuable as we further commercialize and advance our Genius- Whole Genome System(TM) technology resulting in products that improve livestock quality and production efficiency.
County-level agricultural production efficiency in China: A spatial analysis, Zhuo Chen and Wallace E.
The durable, heavy duty HJPAS provides true expandability and seamless integration among its components to deliver maximum addressing output, while optimizing high-volume production efficiency.

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