cost minimization


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cost minimization

The selection or employment of the least expensive of several health care options.
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DISPATCH RESULTS OF COST MINIMIZATION AND EMISSION MINIMIZATION OF TEST SYSTEM 1 Unit CSCVC CSO Economic Emission Economic Emission Dispatch Dispatch Dispatch Dispatch [P.sub.1](MW) 84.4519 125.0000 83.6138 125.0000 [P.sub.2](MW) 93.5935 150.0000 94.4092 150.0000 [P.sub.3](MW) 210.0000 201.1003 210.0000 201.6981 [P.sub.4](MW) 225.0000 199.7403 225.0000 198.5957 [P.sub.5](MW) 315.0000 288.0823 315.0000 288.9937 [P.sub.6](MW) 325.0000 286.2326 325.0000 285.8671 Loss(MW) 53.0454 50.1555 53.0250 50.1547 Cost($/h) 64099.2786 65992.7008 64099.4012 65991.7795 Emission (lb/h) 1345.8614 1240.6558 1345.9066 1240.6667 TABLE II.
There are consequential issues of cost recognition and benefit management as related to the incurrence of costs measured within "moments of time." Cost minimization is seen as a prudent target for real-time management of both incurred and opportunity costs.
In this case, two opposing optimization objectives, annual electricity cost minimization and self-consumption maximization, are considered and combined by using the weighting factors [gamma] and (1 - [gamma]) (see (11)).
Type of economic Costs Advantages analysis Cost minimization Monetary This technique only measures costs (CMA) Cost-effectiveness Monetary It allows comparisons between (CEA) health programs Cost-benefit (CBA) Monetary This analysis allows comparisons between strategies because it works with the same monetary unit Cost-utility (CUA) Monetary This analysis considers the level of well-being and preferences of the individual Type of economic Disadvantages analysis Cost minimization It does not describe results, and (CMA) it has little applicability to health Cost-effectiveness Difficulty in comparison of results (CEA) Cost-benefit (CBA) Difficulty of valuing human life Cost-utility (CUA) The scales of measurement of quality are arbitrary TABLE 2: Main study designs on costs.
Section IV considers the optimal sanctions and proves the equivalence between maximization of a utilitarian welfare function and cost minimization. Section V shows that penalties that are increasing in criminal history are optimal in a two-period model.
Logistics cost minimization and minority supplier content enhancement are other methods suppliers are using to gain/ maintain business in a competitive market.
Ten papers present recent research on dynamic priority scheduling of critical data in wireless sensor networks, secure node localization in clustered sensor networks with effective key revocation, energy-efficient congestion control in wireless sensor networks, and cost minimization of sensor placement and routing in wireless sensor networks.
Benefits that also have a financial aspect, the cost minimization. There's no coincidence that 80% of the companies that are listed in the "Fortune 500" as the world's most profitable, are on the Microsoft cloud.
Objective: This study finds out drug usage trends in Stage I Hypertensive Patients without any compelling indications in Karachi, deviations of current practices from evidence based antihypertensive therapeutic guidelines and looks for cost minimization opportunities.
The conventional wisdom in economics has been that franchise monopoly arises because of technology, in particular natural monopoly, which requires a single provider for cost minimization. Unlike perfect competition, natural monopoly involves a tradeoff between allocative efficiency and cost efficiency.
This Article revisits and refines the organizing principles of evidence law: case specificity, cost minimization, and equal best.
Our results for Canadian industries favor more the K(LE) nesting structure, in terms of respecting theoretical restrictions imposed by cost minimization. We find some support for the Leontief and the Cobb-Douglas technologies, as well as limited evidence of exogenous technological change.