Deployment · Definition
Opportunity cost
The value of the best alternative use forgone when a constrained resource is assigned.
Definition
The value of the best alternative use forgone when a constrained resource is assigned. Follow the related lesson to see how this term changes a system boundary or decision.
Learn this term in context
Resource allocation and competing uses
Finite resources force choices among food, feed, soil, materials, fuels, energy and carbon removal—across actors and time.
REFERENCES
References & further reading
- Hamid Ghaderi, Mir Saman Pishvaee and Alireza Moini (2017). Biomass supply chain network design: An optimization-oriented review and analysis.https://doi.org/10.1016/j.indcrop.2016.09.027 ↗