The purpose of this study is to evaluate whether an outside health and wellness services operation partnering with a business organization can influence and improve the health attitudes and behaviors of its employees and increase productivity, which results in reduced health-care costs and increased r...
profit, in business usage, the excess of total revenue over total cost during a specific period of time. In economics, profit is the excess over the returns to capital, land, and labour (interest, rent, and wages). To the economist, much of what is classified in business usage as profit...
In economics,riskdescribes the possibility that an investment's actual and projected returns will be different and that the investor may lose some or all of their capital. Opportunity cost reflects the possibility that the returns of a chosen investment will be lower than the returns of a forgone...
This article also details the revenue and cost ramifications of partnering with a health and wellness organization by specifically examining one company with 10 000 employees. Over a 5-year period, an overall increase in educated employee health choices proved to benefit both the company bottom ...
At a certain level of production, the benefit of producing one additional unit and generating revenue from that item will bring the overall cost of producing theproduct linedown. The key to optimizing manufacturing costs is to find that point or level as quickly as possible. ...
Marginal cost, marginal revenue, and marginal profit all involve how much a function goes up (or down) as you go over 1 to the right — this is very similar to the way linear approximation works. Say that you have a cost function that gives you the total cost, C(x...
Banerjee, A., Tierney, M. J., Thorpe, R. N. (2012). Thermoeconomics, Cost Benefit Analysis, and a Novel Way of Dealing with Revenue Generating Dissipative Units Applied to Candidate Decentralised Energy Systems for Indian Rural Villages. Energy Vol. 43, pp. 477-488....
The biggest benefit of CVP analysis is to evaluate the cost volume changes within an organization and the impact of these changes on revenue generation. For instance: there is a dental hospital that wants to purchase a new dental machine so that the patient’s level of satisfaction can be inc...
However, the existing methods that take into account cost and revenue do not always provide satisfactory results regarding the desires of the dynamic market. In particular, the current developments of scientists and practitioners in economics and related fields have not solved these problems: the relat...
[63] proposed game-theoretic policies and different business strategies based on the production rate, variable demand, and revenue-sharing contracts. Two models were developed based on coordination, non-coordination, and revenue-sharing contracts, each with three sub-cases. The models showed demand ...