Corporations, as well as nonprofit organizations, use cost centers to keep track of expenses. A cost center is a unit within a larger system that is responsible for a particular set of activities that ...

Marginal cost refers to the change in total cost arising from the production of one additional unit. For example, in a manufacturing firm, the marginal cost will give a measure of the change in total ...

The apparent trade-off between functional flexibility and functional properness has been identified for the case of the quadratic cost function. Using the quadratic cost function, the proposed ...

In this article we have adapted productivity analysis to the case of a cost model using a quadratic cost function and discrete data. The main theoretical result is a productivity index that can be ...