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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The DA said farmers planting fiber crops, particularly abaca, have registered production losses amounting to P478,000.
The towns of Pontevedra and Cauayan incurred about P11 million worth of production losses due to pest and diseases like rats, rice black bugs and leaf blight.
Expensive nozzle replacements, production losses and product rejections will result.
New Delhi [India], May 30 ( ANI ): Intensifying river floods could lead to regional production losses worldwide caused by global warming.
The comprehensive analysis of the cost of illness includes both direct (medical and non-medical) costs as well as values of production losses due to reduced working time (called an indirect cost).
This move is intended to avoid major production losses at the automaker's biggest manufacturing base.
Once the production loss in each interval has been allocated to corresponding disruptions, add up the total production losses for each disruption across all time intervals.
This was creating significant production losses. Examination of the tubes identified pitting and under deposit corrosion as the main causes for the short heat exchanger tube lifetime.
Until now, checking conveyor belt wear involves measuring the belt at various points, which requires temporary system stoppages and associated production losses. The new conveyer belt wear-monitoring system uses Bridgestone sensing and communications technology to enable automatic measurements of belt thickness through sensors embedded in the belt.
Spinning and textile firms are facing severe electricity outage while dyeing, chemical and processing firms have huge production losses due to gas shortage.