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Production function
Production functionThe mathematical relation between the maximum output of a good and the amount of inputs needed to produce it. RELATED TERMS-------------------------------------- Output The total value of the goods produced or services performed (by a person, a company, an industry, or a whole country). SIMILAR TERMS-------------------------------------- PRODPLAST BUCURESTI PRODPLAST BUCURESTI is a Romanian company listed with code PPL at Bucharest stock exchange, with a share capital of RON 11,656,356.00. Sectors: Chemicals. Address: BUCURESTI, sector 2, str. Ziduri Mosi, nr. 23. Phone: 021-2523578. Fax: 021-2523617. E-mail: office@prodplast.ro. Website: www.prodplast.ro Producer price index (PPI) Index measuring changes in wholesale prices, published by the US Bureau of Labor Statistics every month. Product cycle The time it takes to bring new and-or improved products to market. Product cycle theory Theory suggesting that a firm initially establish itself locally and expand into foreign markets in response to foreign demand for its product. Product differentiation A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics. Product risk A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price. Production In the context of project financing, a defined portion of the proceeds of production up to a dollar amount. Production cost advantage A source of competitive advantage that depends on producing some product or service at the lowest cost. Production flow commitment An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Production loan A project financing where the repayment is linked to the production, often on a dollar-unit basis. Production payment financing A method of nonrecourse asset-based financing in which a specified percentage of revenue realized from the sale of the project's output is used to pay debt service. Production possibilities schedule The maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Production possibility frontier A curve depicting all maximum output possibilities of two or more goods given a set of inputs (resources, labor, etc.). Production rate The coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Productivity The amount of output produced in a certain period, using a certain amount of inputs. PREVIOUS AND NEXT TERMS-------------------------------------- Product differentiation A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics. Product risk A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price. Production In the context of project financing, a defined portion of the proceeds of production up to a dollar amount. Production cost advantage A source of competitive advantage that depends on producing some product or service at the lowest cost. Production flow commitment An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Production function Production loan A project financing where the repayment is linked to the production, often on a dollar-unit basis. Production payment financing A method of nonrecourse asset-based financing in which a specified percentage of revenue realized from the sale of the project's output is used to pay debt service. Production possibilities schedule The maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Production possibility frontier A curve depicting all maximum output possibilities of two or more goods given a set of inputs (resources, labor, etc.). Production rate The coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. We thank you for using the Financial Dictionary to search for Production function. If you have a better definition for Production function than the one presented here, please let us know by making use of the suggest a term option. This definition of Production function may be disputed by other professionals. Our attempt is to provide easy definitions on Production function and any other medical topic for the public at large.
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