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cost function |
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cost function [′kȯst ‚fəŋk·shən] (systems engineering) In decision theory, a loss function which does not depend upon the decision rule. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Two adequacy cost-modeling methods are employed most often: the econometric or cost function approach and the professional judgment approach. where the slopes of the cost function and benefits function are equal) (Pacala et al. That's because the position reported to the chief executive officer, which meant information technology was treated as a strategic change management function instead of a cost function, said Agar, who is currently Global CIO and Shared Services Leader for the specialty reinsurer/commercial insurer. |
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