Actual time of arrival, or also known as the American Trucking Associations. As we will see below, this is also economically wise since the economic yield curve in a multispecies fishery attains a maximum at considerably lower levels of effort than those necessary to realize MSY.
It consisted of placing the person on a remote island with very limited supplies and leaving them to their fate.
During the whipping punishment using the "cat o' nine tails," all hands were called on deck to witness. Because steamships were becoming increasingly fast, it was possible to sell little more than bed space in the steerage, leaving emigrants to carry their own food, bedding, and other necessities.
Without appreciating this fact, it is hard to explain why a speed race led as well to a great rise in the capacity for immigration to the United States and Canada.
Since the sustainable catch exactly equals growth at the corresponding level of effort, the sustainable catch-effort relationship is identical to the growth-effort relationship. An expression for sailing in the same direction as the current flow that makes the passage smoother and faster.
So, to "chew the fat" has come to mean to talk endlessly. A further consideration was speed. Comments on specific papers may be addressed directly to the authors at the same mailing address or at their e-mail address.
As the line was retrieved, it was measured with outstretched arms. Commonly, registers and licences, which can be updated annually, are used for this purpose.
Today the expression is used when one did not achieve an intended goal or complete a plan. This is a term used to describe the position of a sailing vessel with the bow or front facing directly into the wind so that neither side of the sails fill.
Notice that the TR curve in Figure 7 attains a maximum at a lower level of effort than the sustainable yield curve, suggesting the possibility of raising the volume of catch at the expense of its value through intensification of fishing. For biological purposes, effort data may be needed by set or haul and in a form proportional to fishing mortality.
At this level of effort the last hour of fishing brings in a catch whose value MR in Figure 9 is exactly equal to the cost of catching it MC in Figure 9. In reference to freight bills, the term audit is used to determine the accuracy of freight bills.
This expression means everything or all encompassing. It is of crucial importance, however, to keep in mind the aggregate nature of the curve; movements along the curve by increasing total effort do not only change total catch and age structure but also its species composition.
This expression meant that one did not have control of the vessel because one had lost control of the sheets or lines. As the more valuable species become relatively scarcer or may, in some cases, disappear from the catch with the intensification of fishing, their prices rise resulting in substitution of less valuable species for more valuable ones, the extent of substitution depending on tastes and incomes.
This is brought about when a boat sailing down wind alters course or when the wind changes direction so that the wind passes from one side of the stern to the other. A tack is the way the sails are set relative to the direction of the wind.
Fudge as used in expressions like "fudging the books": Equation 2 may be graphed as the straight line of Figure 8. Among other things this meant that most ships had to have clear decks amidships to permit the shifting of the sail and its boom; most of the deck space was thus monopolized by a single swinging sail.
A resource may be a person, machine, or facility. A methodology that measures the cost and performance of cost objects, activities, and resources. Break off; to break a spar, bowsprit or part a rope. This is a drinking expression that is believed to have its origins in sea freight where cargo was lowered into the hatch for transport below deck.
Furthermore, what may not be as widely appreciated is that the imperfections of the proxy are systematically related to industry cost structure. Under these circumstances, trying to maximize sustainable catch becomes a complicated if not a totally elusive task.
Through the centuries, the term's connotation has changed somewhat. Contrast with Allocation Association of American Railroads: They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.
Who Are You Calling Irrational? Marginal Costs, Variable Costs, And The Pricing Practices Of Firms large price-cost divergences might clearly emerge despite substantial ambiguity in the data. Clear evidence of a substantial divergence does not merely suggest market power; it is the very definition of power.
Who Are you Calling. Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to markets, and increases in per capita income. The Cost of Going Big: This is a period of rapid change in the marine transportation industry. The current economics of marine construction favors large vessels such as the 1,ft long Maersk.
Apr 09, · I go over how they change and whether they change based on cost driver activity. I define and graph out some examples so you can see how costs change in relationship to cost.
The Induction Site Search this site, or just roll your cursor over the colored boxes below the pictures.Variable cost and large vessel