Efficient Cost definition
Efficient Cost means the cost, for each Year during the Evaluation Period, that reflects the cost that would be reasonably expected to be incurred by a Railway Manager adopting efficient work practices in the provision of the Infrastructure to the required service standard, having regard to any matters particular to the environment in which Aurizon Network operates, and including any transitional arrangements agreed between Aurizon Network and the QCA to reflect the transition from Aurizon Network’s actual cost to that efficient cost.
Efficient Cost means cost equivalent to that of the network or service provider whose combination of allocative, productive and dynamic costs are the most optimal in the market for any info-communications resource;
Efficient Cost means the cost for each Year during the Evaluation Period, that reflects the cost that would be reasonably expected to be incurred by a Rail Transport Operator adopting efficient work practices in the provision of the Network to the required service standard, having regard to any matters particular to the environment in which Queensland Rail operates, and including any transitional arrangements agreed between Queensland Rail and the QCA to reflect the transition from Queensland Rail’s actual cost to that efficient cost;
Examples of Efficient Cost in a sentence
The NHRA requires a National Efficient Price (NEP) and the National Efficient Cost (NEC) determinations for Australian public hospital services for the specific financial year.
The pricing signal effects the National Efficient Price (NEP) and the National Efficient Cost (NEC) funding models and were progressively implemented from 1 July 2017 and lead to a range of objectives for delivery.
More Definitions of Efficient Cost
Efficient Cost means the cost for each Year during the Evaluation Period, that reflects the cost that would be reasonably expected to be incurred by a Railway Manager adopting efficient work practices in the provision of the Rail Infrastructure to the required service standard, having regard to any matters particular to the environment in which QR Network operates, and including any transitional
Efficient Cost means the cost, for each Year during the Evaluation Period, that reflects the cost that would be reasonably expected to be incurred by a Railway