cost function

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cost function

a mathematical formula created for the purpose of estimating a cost, e.g. the cost of making an observation when it varies from stratum to stratum of a collection of data.

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Two adequacy cost-modeling methods are employed most often: the econometric or cost function approach and the professional judgment approach.

Courtroom alchemy: adequacy advocates turn guesstimates into gold by Springer, Matthew G. / Education Next

where the slopes of the cost function and benefits function are equal) (Pacala et al.

Testing the dose-response specification in epidemiology: public ... by Rothenberg, Jesse C. / Environmental Health Perspectives

That's because the position reported to the chief executive officer, which meant information technology was treated as a strategic change management function instead of a cost function, said Agar, who is currently Global CIO and Shared Services Leader for the specialty reinsurer/commercial insurer.

Top of their game: CIOs who make it to top management must create ... by Whitney, Sally / Best's Review

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