output

(noun)

Production; quantity produced, created, or completed.

Related Terms

Examples of output in the following topics:

  • Impacts of Productivity on Output

    • Productivity, or the efficiency of production, is important because it can drive increases in output and improvements in living standards.
    • Productivity is a ratio of production output to what is required to produce it (inputs).
    • The measure of productivity is defined as a total output per one unit of a total input.
    • Surplus value indicates that the output has more value than the sacrifice made for it; in other words, the output value is higher than the value (production costs) of the used inputs.
    • When there is productivity growth, even the existing commitment of resources generates more output and income.

  • Quality Control

    • Quality control is a process that evaluates output against a standard and takes corrective action when output doesn't meet that standard.
    • Quality control is a process that evaluates output against a standard and takes corrective action when output doesn't meet these predetermined standards.

  • The input/output transformation model

    • Operations management transforms inputs (labor, capital, equipment, land, buildings, materials and information) into outputs (goods and services) that provide added value to customers.
    • The 3M Company is a good example of the strategic importance of transforming inputs into outputs that provide competitive advantage in the marketplace. 3M manufactures a top-quality adhesive tape called "Magic Tape".
    • An opposite example of the strategic implications of the input/output transformation process is 3M's decision in the 1980s to stop manufacturing VHS tape for video players and recorders.

  • A Study of Process

    • Operations management transforms inputs (labor, capital) into outputs (goods and services) that provide added value to customers.
    • The 3M Company is a good example of the strategic importance of transforming inputs into outputs that provide competitive advantage in the marketplace.
    • An opposite example of the strategic implications of the input/output transformation process is 3M's decision in the 1980s to stop manufacturing VHS tape for video players and recorders.
    • Operations management transforms inputs (labor, capital, equipment, land, buildings, materials and information) into outputs (goods and services) that provide added value to customers.
    • The 3M Company is a good example of the strategic importance of transforming inputs into outputs that provide competitive advantage in the marketplace.

  • Gross Domestic Product

    • The product approach is the most direct, summing the outputs of every class of enterprise to arrive at the total.
    • Estimating the gross value of domestic output in various economic activities;
    • Deducting intermediate consumption from Gross Value to obtain the Net Value of Domestic Output.
    • For measuring gross output of domestic product, economic activities (i.e. industries) are classified into various sectors.
    • By multiplying the output of each sector by their respective market price and adding them together, or

  • Building a closed-loop eco-industrial park

    • Helping with the minor retrofitting of existing infrastructure (carrying out modifications to the involved companies so their outputs can be more easily shared).
    • Maintaining ‘anchor tenants' (usually in the form of a wastewater treatment facility or an energy producer) whose continued presence and outputs make industrial symbiosis practical.

  • Combining internal and external equity

    • The first is pay structure, the output from the job evaluation.
    • The second is market data, the output from the market survey.

  • Productivity Gains in Manufacturing

    • In 2009, the United States was the world's largest manufacturer, with $2.33 trillion in output, more than Germany, France, India, and Brazil combined.
    • In 2009, The United States was the world's largest manufacturer, with industrial output of $2.33 trillion.
    • Its manufacturing output was greater than of Germany, France, India, and Brazil combined.
    • The United States led the world in airplane manufacturing, which represented a large portion of U.S. industrial output.
    • De Rugy's data shows an increase in manufacturing output since 1975 and a decrease in employment in the manufacturing sector.

  • The Hawthorne Effect

    • Output was measured mechanically by counting how many finished relays each worker dropped down a chute.
    • Productivity increased, but when they received six five-minute rests, they disliked it and reduced output.
    • Providing food during the breaks shortened the day by 30 minutes (output went up), while shortening it more increased the output per hour, but decreased overall output.

  • Pay Systems

    • Organizations can remunerate labor according to different criteria, including hours worked, output produced, or a combination of the two.
    • Payment by Results Piece Work Straight Piecework System: The wages of the worker depends upon his output and rate of each unit of output; it is in fact independent of the time taken by him.
    • For different levels of output below and above the standard, different piece rates are applicable.