economy of scale

Definitions

  • WordNet 3.6
    • n economy of scale the saving in cost of production that is due to mass production
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Usage

In literature:

As we rise in the scale of organization, animals are more completely developed, and greater economy is displayed in their preservation.
"The People's Common Sense Medical Adviser in Plain English" by R. V. Pierce
Neatness, economy and purity, rank high in the Christian scale of attainments, and all these are promoted by propriety of dress.
"The Young Maiden" by A. B. (Artemas Bowers) Muzzey
Wage scales for identical work have differed substantially between branches of the economy and industry.
"Area Handbook for Bulgaria" by Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole
If the breeder is growing on a small scale it will be economy for him to use brooders instead of a heater.
"Natural and Artificial Duck Culture" by James Rankin
To enlarge the scale of operations makes strongly for economy in the open-hearth process as in other high temperature ones.
"Encyclopaedia Britannica, 11th Edition, Volume 14, Slice 7" by Various
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In news:

Supply chain rationalization, economies of scale, better chemistry and improved execution can lower the manufacturing cost of the needed drugs by 20-40% from the lowest selling prices listed on the MSF's access campaign website.
Two seed industry professionals discuss genetically engineered crops as seen from different perspectives, philosophies and economies of scale.
They provide economies-of-scale on hardware, networking and storage capability.
"Roll-ups" combine similar companies and profit by economies of scale.
Caribbean states argue they need favourable trade terms because many of their farmers grow bananas on steep terrain and they don't have the economies of scale to compete with multinational companies in Central America.
Made increasingly wary by a soft economy, high taxes and the rising price of raw materials, small manufacturing businesses say they're scaling back growth plans, and fewer than 30% plan to expand their business over the next 12 to 24 months.
Dandy Business Model, and We All Believe in Economies of Scale, Don't We.
Learning mash-ups have more potential than MOOC-centered, profit-squeezing, online economies of scale.
Biochar currently is used only in horticulture, but an increase in manufacturing facilities and economies of scale could make it more practical for row crops .
Not long after legislators approved the state's two-year budget last April, we began to realize that as much as we had scaled back, it still would not be enough because of the steep downturn in the nation's economy.
Dandy Business Model, and We All Believe in Economies of Scale, Don't We.
This reduced footprint allows dairymen to take advantage of economies of scale.
Scientific equipment provider's standardization enhances operational efficiencies and economies of scale.
Bill McKibben's most recent book is 'Deep Economy: The Wealth of Communities and the Durable Future', in which he envisions a transition to local-scale enterprise.
Since 1974, ILSR has championed local self- reliance , a strategy that underscores the need for humanly scaled institutions and economies and the widest possible distribution of ownership.
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In science:

Except the quantum system doesn’t need a stack of processors, the parallel processing comes ‘for free’ with quantum dynamics, providing a vast economy of scale over classical computation.
A random walk approach to quantum algorithms
This can be done while still maximizing the business’ ability to exploit economies of scale to positively impact profitability.
Efficient Inventory Optimization of Multi Product, Multiple Suppliers with Lead Time using PSO
The global economy needs better models of the socio-economic systems that show how these systems are affected at many scales of time and agent behaviour. For this, it might be necessary to model human traits such as trust, greed or herding behaviour (besides rational motivations).
FuturICT
Figure 2 shows that the scaling behavior of the the price “returns” F (0, τ ) is very similar to that observed in a real economy, it behaves like τ −H with an exponent H ≃ 0.62.
A Prototype Model of Stock Exchange
The middleware approach appears to offer an economy of scale compared to other approaches although it cannot offer full SSI like the OS approach.
Cluster Computing White Paper
Fig 3 Cloud Architecture [26, 27] Cloud computing relies on sharing of resources to acquire the coherence and economies of scale over a network as in the electricity grid computing and it is a wide concept to gather all infrastructure and shared services.
Social Secret Sharing for Resource Management in Cloud
Like every popularized concept, the term has been overused and misused, to the extent that even plain old economy-of-scale that economizes unit cost of production is sometimes mistaken as a network effect which scales value-to-customer as the consumer base increases.
Exploring Network Economics
For example, Kelly used utility functions to model users’ demand for network bandwidth; Metcalf, Odlyzko and Economides used network effects to help characterize the consumer economy-of-scale on network services.
Exploring Network Economics
A central feature of location models is the economies of scale that can be achieved by connecting multiple customers to the same facility.
Strongly Polynomial Primal-Dual Algorithms for Concave Cost Combinatorial Optimization Problems
Warehouse location under continuous economies of scale.
Strongly Polynomial Primal-Dual Algorithms for Concave Cost Combinatorial Optimization Problems
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