Sentence examples for concept of cost from inspiring English sources
The approach introduces the new concept of Cost Entity.
For even at 15 the concept of "cost" is not unknown.
For each of the three, cost should play a different role, and the concept of cost should differ accordingly.
The role of cost differs among the three, as does the concept of cost that is pertinent to that role: different costs for different decisions.
A second decision is "birth control". The commercialization decision calls for a similar concept of cost and discounted cash-flow investment analysis, but one that is confined to incremental investment beyond product birth.
The concept of cost that is relevant for this decision is the predicted full cost, which should include imputed cost of capital on intangible investment over the whole life cycle of the new product.
Ultimately, though, the concept of cost-effectiveness should not be underestimated.
While some authors define the concept of cost-effectiveness as that which complies with the equimarginality principle, many others, including documents from relevant organisations (European Commission, International Energy Agency, Intergovernmental Panel on Climate Change) define it as "the lowest costs of support", generally equating it with the minimisation of consumer costs.
It is possible that the staff did not fully understand the concept of cost-effectiveness, but mixed it up with costs per se.
(Nurse 2, Group 8) In spite of the difficulties in applying the concept of cost-effectiveness, it was considered to be an important criterion in priority setting.
