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#20, Production function, types of products (Micro economics-Class 11 and 12)
 
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Class 12 microeconomics... Production function... Types of production function.... difference between short run and long run production function Types of products... Contact for my book ..7690041256... Economics on your tips video 20 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 Link for the previous video(video 19) Numerical problems of elasticity of demand(Class 12 microeconomics) economics on your tips video 19 - YouTube https://www.youtube.com/watch?v=0cJZZjiYcr4 Link for the next video(video 21) Class 12 microeconomics(law of variable proportion,return to a factor)economics on your tips video21 - YouTube https://www.youtube.com/watch?v=uSYPksuVkhM&t=25s
Views: 550039 Economics on your tips
Production Function Part-1
 
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theory of production
Views: 189871 Yasser Khan
Introduction to Production Function | Production | CA CPT | CS & CMA Foundation | Class 11
 
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Introduction to Production Function, Learn Theory of Production, what is Production? Production Function? Law of Variable Proportion, Returns to Scale, Producers Equilibrium, Economics & Diseconomies of Scale. For Details Visit https://www.meraskill.com/ca-cpt/economics/theory-of-production WhatsApp Now: 8692900017 http://www.meraskill.com/ our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 46085 Mera Skill
Theory of Production | Production Function | Long Run | Short Run
 
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Managerial Economics; Management; Theory of Production | Production Function | Long Run | Short Run; Introduction 00:00:00- 00:00:33 What is Profit? 00:00:34- 00:02:35 *How to calculate profit? *Relation between total cost and profit The Decision-Making areas of a Firm 00:02:36- 00:03:50 -Achieve minimum cost of production - Output and quantity of inputs - Technology and cost of production - Least- cost combination of inputs - Rate and return and the number of plants (technology constant) Meaning of Production 00:03:51- 00:10:48 *Basic concepts in production -Input and output - Fixed and variable inputs - Long run and short run *Various inputs of production process *How to differentiate short run, long run and very long run production? Production Function 00:10:49- 00:14:35 *Relationship between input and output *What is a production function? *Simplification of production function Conclusion 00:14:36- 00:14:56 Video by Edupedia World (www.edupediaworld.com); Free Online Education; Click here for more videos on Managerial Economics; All Rights Reserved.
Views: 39467 Edupedia World
Function Analysis || Calculus Explanation
 
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In this video, I talk about how to analyze a function using its first and second derivative.
Views: 496 Loomis Math
Costs of Production- Microeconomics 3.3 (Part 1)
 
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In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next video-drawing the cost curves https://www.youtube.com/watch?v=qYKJdooEnwU Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294
Views: 873518 Jacob Clifford
Curve Sketching - First & Second Derivatives - Graphing Rational Functions & Asymptotes - Calculus
 
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This calculus video tutorial provides a summary of the techniques of curve sketching. It shows you how to graph polynomials, rational functions with horizontal & vertical asymptotes and square roots using the first derivative and the second derivative of the functions. This video contains plenty of examples and practice problems for you to work on. Here is a list of topics. 1. Summary of Curve Sketching 2. Increasing and Decreasing Functions - First Derivative 3. Local & Relative Maximum and Minimums - First Derivative Test 4. Critical Points & Inflection Points 5. Concavity - Concave up and Concave Down Curves - Second Derivative is Positive & Negative 6. Graphing Polynomial Functions 7. Sketching Rational Functions With Horizontal and Vertical Asymptotes 8. Curve Sketching with Square Root Functions 9. Techniques of Differentiation - Power Rule, Product Rule, Quotient Rule, and Chain Rule
B.1 Production function | Production - Microeconomics
 
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Learn more: http://www.policonomics.com/production/ Spanish version: https://youtu.be/emwWbFyW8JI This video explains how the production function can be built in order to analyse it. We start by explaining the main characteristics of production functions, then show its relationship with returns to scale and, finally, introduce the concept of isoquants. Related videos: -Isoquants: https://www.youtube.com/watch?v=xKUP1... -MRTS: https://www.youtube.com/watch?v=LY5fX... Related articles: -Returns to scale: http://www.policonomics.com/returns-t... -Isoquants: http://www.policonomics.com/isoquant/ Thank you for watching! http://www.policonomics.com Learn, and enjoy!
Views: 76132 Policonomics
Life-cycle Analyses (LCA)
 
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Beiersdorf uses LCA to assess and reduce the environmental impact associated with all stages of a product’s life-cycle. The model we use considers inputs and impacts across raw materials, our own production processes, transportation, product use, recycling and Disposal. The results we get from our LCAs allow us to identify opportunities to bring more environmentally-friendly products to the markets and make progress towards our 2020 commitment.
Views: 28750 BeiersdorfChannel
How to Solve for Maximum Output from Total Product Function
 
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This video shows how to solve for the firm's maximum level of output if given the firm's short-run production function or total product of labor function.
Views: 98 1sportingclays
Product of Two Real Function ( Pointwise Multiplication)
 
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Learn to Multiply Two or More Functions - Learn Relations and Functions in Mathematics
Views: 1851 IMA Videos
The New Analysis : Finding a solution to the Lambert Product log function
 
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The Lambert relation/function is used in many mathematical models. Watch what the master John Gabriel does with his New Calculus.
Views: 629 John Gabriel
Math Analysis Functions
 
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Explanation of the math analysis functions on the DM3000 series digital multimeter. These include the Math, Trend and Histogram views. DM3000 series product page: https://www.rigolna.com/products/digital-multimeters/dm3000/
Views: 544 RigolTech
Production Possibilities Curve- Econ 1.1
 
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In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe. If you need more help, check out the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 994771 Jacob Clifford
Calculating cost functions using Microsoft Excel
 
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This video works through an example of calculating a cost function using both High Low analysis as well as a scatter plot to obtain the cost function. 0:00 High Low analysis 8:43 Regression analysis using scatterplot
Views: 12972 drdavebond
Convolution of Two Functions
 
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In this video, I show a basic example of computing the convolution of two functions.
Views: 22006 patrickJMT
Excel 2013 PowerPivot Basics #09: Calculated Fields & DAX Functions 9 Examples
 
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Download file: http://people.highline.edu/mgirvin/excelisfun.htm Scroll to down to PowerPivot Section. See how to create 9 different DAX functions or Calculated Fields 1. (00:08 min mark) Overview of Reports we need to create 2. (01:05 min mark) Calculated Fields Overview 3. (01:58 min mark) Calculated Column For Net Revenue using ROUND and RELATED function and table names and columns names with multiplication operators. Net Revenue =ROUND(RELATED(dProducts[RetailPrice])*(1-fSales[RevenueDiscount])*fSales[Units],2) 4. (03:22 min mark) Reminder of “Row Context” 5. (04:47 min mark) DAX function = Data Analysis EXpressions 6. (05:05 min mark) Calculated Field 1: Total Net Revenue:=SUM(fSales[Net Revenue]). 7. (06:59 min mark) Calculated Field 2: Total COGS:=SUMX(fSales,ROUND(RELATED(dProducts[StandardCost])*fSales[PercentOfStandardCost]*fSales[Units],2)) 8. (07:24 min mark) Calculated Field or Calculated Column? Which one to use? 9. (09:05 min mark) “Row Context” in Calculated Field, use X functions like SUMX and COUNTX. 10. (10:55 min mark) Calculated Field 3: GrossProfit:=[TotalNetRevenue]-[TotalCOGS] 11. (10:55 min mark) First use of Calculated Field in another calculated field: we are sure to use our convention of Square Brackets means that it is a Calculated Field!!!! And not a column name. 12. (11:45 min mark) Edit Calculated Fields in Measure Grid. 13. (12:25 min mark) Calculated Field 4: GrossProfitPercentage:=DIVIDE([GrossProfit],[TotalNetRevenue]) 14. (13:42 min mark) First Report: Net revenue, COGS, Gross Profit, GP % formulas with Four Criteria: Yea, Month, Product and Color Criteria (Product and Color on Slicer, Year and Month in PivotTable Row and Column Headers). 15. (16:30 min mark) Examine what “Filter Context” means from a cell in PivotTable with Four criteria. Look at Formulas and Design View to see relationships between tables to try and understand of the filtering of the Columnar database works based on the Criteria that is dropped into the PivotTable. 16. (17:35 min mark) Calculated Field 5: DISTINCTCOUNT function to count actual days where sales were made. Number Of Sales Days:=DISTINCTCOUNT(fSales[Date]) 17. (18:45 min mark) Calculated Field 6: Total Number of Days Over 4 Year Period:=COUNTROWS(dCalendar) 18. (19:40 min mark) Calculated Field 7: Average Sales per Sales Day:=ROUND(DIVIDE([Total Net Revenue],[Number of Sales days]),2) 19. (20:34 min mark) Start Report 2: Distinct Count and Ave. Sales per day by YEAR. 20. (21:47 min mark) Compare Excel Formula and DAX formula (Calculated Field) for Percentage Change. See IFERROR in Excel and how it can handle two data types. 21. (24:00 min mark) Calculated Field 8: Total Net Revenue From Last Year:=CALCULATE([Total Net Revenue],SAMEPERIODLASTYEAR(dCalendar[Dates])). 22. (24:00 min mark) CALCULATE will allows us to change the Filter Context. 23. (26:08 min mark) % Change for Net Revenue:=IF([Total Net Revenue From Last Year]=0,BLANK(),[Total Net Revenue]/[Total Net Revenue From Last Year]-1) 24. (27:50 min mark) Look at IFERROR 25. (28:40 min mark) IF rather than IFERROR 26. (28:05 min mark) BLANK function (add annotation) 27. (28:59 min mark) Conclusion In PowerPivot: BLANK represents Empty Cell, Missing Value, Null (Database "unknown value") BLANK = Empty Cell, Missing Value BLANK is not a Zero Length Text String BLANK is not an Error
Views: 114245 ExcelIsFun
Production Function in the Short-Run
 
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In this webcast we will be exploring the Production Function in more detail and will explain the relationship between the Total Product Curve, the Marginal Product Curve and the Average Product Curve.
Views: 12393 Francie Klenk
Use the TREND Function to Predict Sales Growth
 
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Check out my Blog: http://exceltraining101.blogspot.com This video show you how to use the TREND function to predict future monthly sales (from one to multiple months) based on historical values. Feel free to provide a comment or share it with a friend! --------------------------------------- #exceltips #exceltipsandtricks #exceltutorial #doughexcel #exceltips #exceltipsandtricks #exceltutorial #doughexcel
Views: 77295 Doug H
Production Functions ( Part-1), Microeconomics,
 
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Production Functions ( Part-1), Microeconomics, visit www.iamtopper.com for key notes
Cobb-Douglas Production Function | Leontief Production Function
 
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Managerial Economics; Management; Cobb-Douglas Production Function | Leontief Production Function ; Introduction 00:00:00- 00:00:20 Production Function 00:00:21- 00:06:14 *What is a production function? *What is a homogeneous production function? *How to determine the type and degree of a production function? *How does a production function project its type of returns to scale? Cobb- Douglas Production Function 00:06:15- 00:13:04 *Introduced by Charles Cobb and Paul Douglas *What is Cobb- Douglas production function? *What are its uses? *How to formulate a Cobb- Douglas production function? *How to find out which degree of returns to scale a production function indicates? Leontief Production Function 00:13:05- 00:18:53 *What is the difference between Cobb- Douglas and Leontief production function? *What is Leontief production function? *What are the characteristics of Leontief production function? *How to formulate a Leontief production function? Video by Edupedia World (www.edupediaworld.com), Free Online Education; Click here for more videos on Managerial Economics; All Rights Reserved.
Views: 37147 Edupedia World
Marginal Revenue, Average Cost, Profit, Price & Demand Function - Calculus
 
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This calculus video tutorial explains the concept behind marginal revenue, marginal cost, marginal profit, average cost function, price and demand functions. It shows you how to find the production level to minimize the average cost as well as how to find the minimum average cost so as to maximize the profit of a company. This video contains plenty of examples and practice problems. Here is a list of topics: 1. Cost Function - The price to a produce a number of items 2. Average Cost - The average price to produce a single unit 3. Production Level - The number of units or x 4. Marginal Cost - Derivative of the Cost Function 5. Marginal Cost represents the increase in total cost to produce one extra item 6. Minimizing Average Cost Function - Finding The Production Level and the Minimum Average Cost 7. Price Function or Demand Function - The selling price of an item as a function of x 8. Supply vs Demand - Inverse Relationship - Business & Economics 9. Business Calculus - Revenue = Price Function x Number of Units (x) 10. Marginal Revenue, Marginal Cost, and Marginal Profit 11. Maximizing Profit - Finding the maximum value using the derivative function
Production Function In Hindi / उत्पादन फलन क्या है?
 
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Production Function: In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs) Production is the result of co-operation of factors of production viz., land, labour, capital, technology and organization etc. Q = f( L, K,T,A,B,.......Z ) Where Q = Quantity of output L = Labor K= Capital T= Technology A = Land. Hence, the level of output (Q), depends on the quantities of different inputs (L, K, A) available to the firm. In the simplest case, where there are only two inputs, labour (L) and capital (K) and one output (Q), the production function becomes. Q =f (L, K) “Production function is the relationship between inputs of productive services per unit of time and outputs of product per unit of time.” Prof. George J. Stigler Defined production function as “the relation between a firm’s physical production (output) and the material factors of production (inputs).” Prof. Watson “The production function is purely a technical relation which connects factor inputs and output.” Prof. Koutsoyiannis
Views: 16928 Know Economics
Cobb-Douglas Production Function Differentiation Example
 
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Given the basic form of the Cobb-Douglas production function, we'll find the partial derivatives with respect to capital, K, and labor, L. Thereby finding the marginal products of capital and labor. Starting with Cobb-Douglas production function: Y=F(K,L)=AK^α L^(1-α) Derivative of output w.r.t. Labor, then differentiation of production with respect to capital. Finding the wage rate and marginal product of labor. And finding the rental rate and the marginal product of capital. More Intermediate Macro Video: https://sites.google.com/site/curtiskephart/ta/intermediate-macro-solutions
Views: 201305 economicurtis
Sine Function Product Formula (Hadamard Factorization Theorem)
 
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Topic: In this video we will proove the famous product formula for the sine function. What you should know: - Basic properties of sine function - Basic calculus methods
Views: 7164 MrYouMath
How to use excel to estimate the Cobb-Douglas Production function
 
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How to use excel to estimate the Cobb-Douglas Production function
Views: 15091 DrJiang Jingze
Day- 4 - Production Function - Graphs and Theory Part 1- class 12th #20dayspledge #commercebaba
 
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We r taking the responsibility from 5th of February. Follow us on Instagram for all the latest updates - @commerce.baba We Just Love Commerce and yes replace hard work with smart work. For the complete Series of Commerce subjects offline E-mail us at: [email protected] Links: www.commercebaba.in www.facebook.com/commercebabaji www.instagram.com/commerce.baba
Views: 109141 Commerce Baba
Conjoint Analysis explained with example | QuestionPro Webinar
 
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What is Conjoint Analysis? Conjoint Analysis is an advanced market research technique. It is used to understand the user response for different attributes (feature, function, benefits) of a product or services. Conjoint Analysis Example Consider an organization producing tablets, perhaps a competitor to the Apple iPad and Samsung Galaxy. The organization needs to understand how different customers value Attributes such as Size, Brand, Price, and Battery Length. Armed with this information they can create their product range and offering. What is Choice-based Conjoint Analysis (CBC)? Choice-based Conjoint Analysis (CBC) is arguably the single most powerful analytic tool ever developed. With CBC, one can define the ideal product feature set, determine the price that maximizes profit, develop the most motivating communication strategies and segment the marketplace. Read more on our blog: https://www.questionpro.com/conjoint-analysis.html To sign up free with the global leader in online survey software visit https://www.questionpro.com Let's connect on socials as well! LinkedIn : https://www.linkedin.com/company/questionpro Facebook : https://www.facebook.com/questionpro/ Twitter : https://twitter.com/questionpro
Views: 10066 QuestionPro
Forecast Function in MS Excel
 
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The forecast function in MS Excel can be used to forecast sales, consumer trends and even weight loss! For more details: http://www.familycomputerclub.com/excel/forecast-function-in-excel.html Get the book Excel 2016 Power Programming with VBA: http://amzn.to/2kDP35V If you are from India you can get this book here: http://amzn.to/2jzJGqU
Views: 514115 Dinesh Kumar Takyar
Production Function - XII th - Economics -  Aditi Jain | Study Khazana
 
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Production function is a part of Unit-3. In this you will study the following: Production Funtion: Short run and Long Run Total Product, Average Product and Marginal Product. Return to a factor. cost and Revenue: Short run costs, total variable cost, Average costs, Average fixed cost, Average variable costs and marginal cost-meaning and their relationship. Producer's equilibrium, its meaning and its condition terms of marginal revenue -marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movement along shift in supply curve, price elasticity of supply. (a) Percentage change Method (b)Geometric Method In this video you will learn about Production Function with a proper flow chart , You will learn ab Short run and Long run, Types of Input, Fixed factor of production, Variable of Production, Period and types of period, Total Product, average Product, Marginal product, their formulas and you will solve some problems based on above. About the Instructor: Aditi Mam is a very interactive teacher and has made the entire lecture very very interesting and provides you the proper notes which are enough to study for exams.Watching it you will find it as if you are in a real class. She has taken care of all your doubts so she always gives you some very practical examples that you could relate to yourselves. Moreover she has defined each and every term with their differences as well. ** Stay Connected with Us ** https://www.facebook.com/studykhazana https://twitter.com/studykhazana Full Course and Lecture Videos now available on (Study Khazana) login at http://studykhazana.com/ Contact Us : +91 8527697924 Mail Us : [email protected]
Views: 29648 Study Khazana
Ehud Friedgut -Analysis of Boolean Functions on Graph Products, Dictatorships and Juntas II
 
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Ehud Friedgut (Weizmann Institute of Science) Analysis of Boolean Functions on Graph Products, Dictatorships and Juntas II
Cartesian Product of Two Sets - Learn Relations and Function 2
 
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Learn Cartesian Product of Two Sets in the chapter of Relations and Functions. Cartesian Product can be defined between two non empty sets, say P & Q, represented by P cross Q is a set of ordered pair where first member of every order pair is from P & 2nd member from set Q. Let's see an example of Cartesian Product of two Sets . Say, set A = {1, 2}, Set B = {a,b} Cartesian Product of two sets A & B is represented by A cross B and is given by, total possible relations between set A & B A cross B = { (1,a). (1,b), (2,a), (2,b)} For more details study watch video & also visit website -http://itsmyacademy.com Connect @ http://facebook.com/ItsMyAcademy Connect @ http://facebook.com/ItsMyAcademy
Views: 49125 IMA Videos
What is VALUE ENGINEERING? What does VALUE ENGINEERING mean? VALUE ENGINEERING meaning & explanation
 
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I MAKE CUTE BABIES - https://amzn.to/2S0mT9u What is VALUE ENGINEERING? What does VALUE ENGINEERING mean? VALUE ENGINEERING meaning - VALUE ENGINEERING definition - VALUE ENGINEERING explanation, Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections. Due to the very short life spans, however, which is often a result of this "value engineering technique", planned obsolescence has become associated with product deterioration and inferior quality. Vance Packard once claimed this practice gave engineering as a whole a bad name, as it directed creative engineering energies toward short-term market ends. Philosophers such as Herbert Marcuse and Jacque Fresco have also criticized the economic and societal implications of this model. Value engineering began at General Electric Co. during World War II. Because of the war, there were shortages of skilled labour, raw materials, and component parts. Lawrence Miles, Jerry Leftow, and Harry Erlicher at G.E. looked for acceptable substitutes. They noticed that these substitutions often reduced costs, improved the product, or both. What started out as an accident of necessity was turned into a systematic process. They called their technique "value analysis". Value engineering is sometimes taught within the project management or industrial engineering body of knowledge as a technique in which the value of a system’s outputs is optimized by crafting a mix of performance (function) and costs. In most cases this practice identifies and removes unnecessary expenditures, thereby increasing the value for the manufacturer and/or their customers. VE follows a structured thought process that is based exclusively on "function", i.e. what something "does" not what it is. For example a screw driver that is being used to stir a can of paint has a "function" of mixing the contents of a paint can and not the original connotation of securing a screw into a screw-hole. In value engineering "functions" are always described in a two word abridgment consisting of an active verb and measurable noun (what is being done - the verb - and what it is being done to - the noun) and to do so in the most non-prescriptive way possible. In the screw driver and can of paint example, the most basic function would be "blend liquid" which is less prescriptive than "stir paint" which can be seen to limit the action (by stirring) and to limit the application (only considers paint). This is the basis of what value engineering refers to as "function analysis". Value engineering uses rational logic (a unique "how" - "why" questioning technique) and the analysis of function to identify relationships that increase value. It is considered a quantitative method similar to the scientific method, which focuses on hypothesis-conclusion approaches to test relationships, and operations research, which uses model building to identify predictive relationships.
Views: 22211 The Audiopedia
Busi Calc Multivariable Marginal Analysis - Cobb Douglas Functions
 
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Recorded with http://screencast-o-matic.com
Views: 399 melathrop
Production Function: Fundamentals of Economics
 
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In this class Ms. Dipika explains the conception of production function and short run production function, laws of variable proportion, total product, marginal product and average product. For more information visit www.doorsteptutor.com and email at [email protected]
Views: 25257 Examrace
Step 4 - Breaking it Down: Function Analysis
 
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Thank you for watching! --- If you like this article, I would be very happy if you like it and subscribe for more on Engineering and Technology! --- When you are interested in building your own product, read my 13 Steps to your Product: https://steemit.com/engineering/@engineercampus/13-steps-to-develop-your-product-an-overview If you have further questions, feel free to contact me on: - My website: http://www.engineercampus.de - Facebook: www.facebook.com/engineercampus - or here on steemit: www.steemit.com/@engineercampus
Views: 22 Engineercampus
Inner Product and Orthogonal Functions , Quick Example
 
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Thanks to all of you who support me on Patreon. You da real mvps! $1 per month helps!! :) https://www.patreon.com/patrickjmt !! Inner Product and Orthogonal Functions , Quick Example. In this video, I give the definition of the inner product of two functions and what it means for those functions to be orthogonal. I work a quick example showing that two functions are orthogonal.
Views: 138313 patrickJMT
"A Primary Analysis of the Combination of Leontief Production Function..." Xiaolin Zhong
 
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Xiaolin Zhong, University of Lethbridge: "A Primary Analysis of the Combination of Leontief Production Function, Constant Marginal Cost and Fixed Cost and Its Implications"
Views: 487 MisesCanada
Long Run Production Function: Fundamentals of Economics
 
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In this class Ms. Dipika explains the long run production function and the concept of isoquant in economics. For more information visit www.doorsteptutor.com or email [email protected]
Views: 11845 Examrace
Plastic Additives Market Analysis by Function, by Product and Segment Forecasts To 2022
 
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http://www.ingeniousreports.com/Global-Markets-for-Plastics-Additives IngeniousReports provides an overview of plastics additives and detail information of market like size, share, forecast and key company analysis.
#23, Types of cost in economics and cost function (microeconomics -  Class 11 and 12)
 
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Class 12 microeconomics.... types of cost Introduction of cost... Cost function..... Types of cost... Total fixed cost... Total variable cost.... Total cost...... Cont for my book....7690041256 Economics on your tips video 23 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 Link for the previous video(video 22) causes of increasing,decreasing nd -ve return(Class 12 microeconomics)economics on your tips video22 - YouTube https://www.youtube.com/watch?v=oNi1cPTwRnE Link for the next video(video 24) Class 12 microeconomics (types of cost) economics on your tips video 24 - YouTube https://www.youtube.com/watch?v=YD5ZZrhWu7M
Views: 504700 Economics on your tips
Cobb Douglas Production function | Chitra Choudhary
 
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Chitra Choudhary Assistant Professor Department of Economics University of Rajasthan, Jaipur
Views: 18555 vmouonline
Vector Analysis-2 | Dot and Cross Product (EMT-2 | Engineering Mathematics-63) by SAHAV SINGH YADAV
 
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Vector Analysis-2 Dot Product of Vectors, Cross Product of Vectors, Projection of Vectors, Playlists- Control System- https://www.youtube.com/watch?v=GbDL5VAU8fk&list=PL00WWA9f-4c9yI6Nr6ot8uoOsVnJzdx1R Signals and Systems- https://www.youtube.com/watch?v=W68Q6zRbZ6U&list=PL00WWA9f-4c8Jhs5jc3M0lW-_TF3U4GSQ Network Analysis- https://www.youtube.com/watch?v=GBtu5lizPSY&list=PL00WWA9f-4c_10bMXg_gLkvlWLGrns4FF Digital Electronics- https://www.youtube.com/watch?v=N82C1RXwBIM&list=PL00WWA9f-4c-Xbi57DlbC6GC82pxBkL7_ Electronic Devices- https://www.youtube.com/watch?v=LqyoC8xK76g&list=PL00WWA9f-4c8c8JEtwOc521ND-XGhaFkL Analog Electronics- https://www.youtube.com/watch?v=DuJFBzcm4qw&list=PL00WWA9f-4c__I3Km5TUXrpUAsspVpbys Engineering Mathematics- https://www.youtube.com/watch?v=mxb2VIuVPbw&list=PL00WWA9f-4c8SYSeEuPgpMtDir1039Na6 GATE Preparation Strategy- https://www.youtube.com/watch?v=VKbdBuzmqTE&list=PL00WWA9f-4c9X9-N321nwlRpyiUO-aOEE Test Series- https://www.youtube.com/watch?v=kkPxBcehCZU&list=PL00WWA9f-4c_-_mtRYPNg3gesDysdECrV
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