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production average

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  • Gross Production Average — or GPA is a baseball statistic created in 2003 by Aaron Gleeman as a refinement of On Base Plus Slugging (OPS). [http://www.aarongleeman.com/2003 11 23 baseballblog archive.html] GPA attempts to solve two frequently cited problems with OPS. First …   Wikipedia

  • Average Joe (TV series) — Average Joe Genre Reality Television Directed by Tony Croll Jason Raff (Season 1) Country of origin United States Language(s) English No. of seasons …   Wikipedia

  • average — n Average, mean, median, norm, par denote something and usually a number, a quantity, or a condition that represents a middle point between extremes. Of these words average, mean, median, and par are also used as adjectives. Average is an… …   New Dictionary of Synonyms

  • Average cost pricing — is one of the ways government regulate a monopoly market. Monopolists tend to produce less than the optimal quantity pushing the prices up. Government may use average cost pricing as a tool to regulate prices monopolists may charge.Average cost… …   Wikipedia

  • Production leveling — Production leveling, also known as production smoothing or – by its Japanese original term – heijunka (平準化?),[1] is a technique for reducing the muda waste and vital to the development of production efficiency in the Toyota Production System and… …   Wikipedia

  • average variable charges — average payments whose size is contingent on the extent of product production …   English contemporary dictionary

  • Production theory basics — In microeconomics, Production is simply the conversion of inputs into outputs. It is an economic process that uses resources to create a commodity that is suitable for exchange. This can include manufacturing, storing, shipping, and packaging.… …   Wikipedia

  • Production function — Graph of Total, Average, and Marginal Product In microeconomics and macroeconomics, a production function is a function that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. This function is an… …   Wikipedia

  • production, theory of — ▪ economics Introduction       in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… …   Universalium

  • Average cost — In economics, average cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed… …   Wikipedia

  • Average — An arithmetic mean of selected stocks intended to represent the behavior of the market or some component of it. One good example is the widely quoted Dow Jones Industrial Average, which adds the current prices of the 30 DJIA s stocks, and divides …   Financial and business terms

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