A Probabilistic Model for Production Costs with Discrete Variable

Damian D., Sasu A., David N., Patrascu L.

8th WSEAS International Conference on Telecommunications and Informatics, İstanbul, Turkey, 30 May - 01 June 2009, pp.134-135, (Full Text) identifier

  • Publication Type: Conference Paper / Full Text
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.134-135
  • Keywords: Average value, Production costs, Probability space, Relative frequency, Weight discrete variable
  • Marmara University Affiliated: No

Abstract

In this paper we present a probabilistic model for the production costs weighed with quantitative units. The random variable is considered discrete. With help of this model we can calculate an average value of the costs.