average cost

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Related to Average total cost: marginal cost, Total fixed cost

average cost

The cost per unit of output, calculated as the cost, or benefit, of all units of output divided by the number of units.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

average cost

Average benefit Managed care The cost per unit of output, calculated as the cost or benefit of all units of output divided by the number of units
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
At the optimal solutions, (1) both policies have the same Q, (2) a periodic review has a higher R in order to compensate for the undershoot, but ES and shortage cost remain slightly higher, (3) holding cost and over-ordering cost are higher for a continuous review, and (4) a periodic review has a slightly higher total cost and longer cycle length, and together they lead to the same average total cost per day.
The research utilized a flexible single-product cost function to analyze the average total cost per athlete for each school.
The study reported an average total cost for Phase 3 trials that is four times higher than the reported Phase 2 average cost.
Total costs for each modality were calculated, and from this the average total cost per slide was found by dividing the total cost by the total number of slides processed.
The objective of feature selection is to minimize the average total cost through considering a trade-off-between test costs and misclassification costs.
When we simulate the PI model 1200 times and the obtained average optimal lot size was 59, with the resulting average RUD being 7.5833, and the associated average total cost being 199.0653.
According to The Cost of a Data Breach Study among Indian organizations in 2011 by Ponemon Institute, the average total cost of a breach to an organization was INR 53.5 million ($1 million), with malicious breaches by hackers or criminal insiders being the most expensive type at INR 4,224 ($ 80) for one compromised record.
A report by Barclays suggest the average total cost over a lifetime for renting in Wales comes to pounds 361,684 - compared to pounds 304,782 for those who buy, a saving of pounds 56,903.
A report by Barclays suggests the average total cost over a lifetime for renting in Wales comes to pounds 361,684 - compared to pounds 304,782 for those who buy, a saving of pounds 56,903.
The awards honour the vehicles and brands with the projected lowest average total cost of ownership during the initial five-year ownership period.
Kirklees came 63rd in a list of 330 local authority areas, which are getting additional help worth on average pounds 670 for each qualifying firm - with the average total cost of relief now at pounds 1,340.