Ramp-up

Source: Wikipedia, the free encyclopedia.

Ramp-up is a term used in economics and business to describe an increase in a firm's production ahead of anticipated increases in product demand. Alternatively, ramp-up describes the period from completed initial product development to maximum capacity utilization, characterized by product and process experimentation and improvements.[1]

Ramp-up in the first sense often occurs when a company strikes a deal with a

Camry sedans.[2] In the consumer electronics industry, manufacturers often ramp-up production in the early fall to meet demand during the holiday selling season.[3]

As ramp-up is typical in early stages of firm or market development, the term and process is widely associated with

Wrightspeed, the producer of the X1 electric car prototype, began to seek out capital in order to hire on 50 well-trained employees in order to "ramp up" production in anticipation of sales successes.[4]

Ramp up may also refer to how quickly dispatchable generation from power plants can increase,[5] and ramp down by how quickly it can decrease whilst still remaining operational (not shutting down),[6] with "ramp" being either way.[7][8]

References

  1. S2CID 4995288
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  2. ^ Toyota says to ramp up production in China. Space Mart, June 17, 2008.
  3. ^ "Apple Ramps Up Production Of iPad Ahead Of The Holiday Season". 23 November 2010. Retrieved 2014-09-10.
  4. ^ Bruce, Chaddus. Wrightspeed’s X1 Electric Supercar Sparks Hybrid Dreams. Wired, April 4, 2007.
  5. ^ "Ramp Rate - an overview | ScienceDirect Topics". www.sciencedirect.com. Retrieved 2021-04-07.
  6. ISSN 2352-4847
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  7. ^ "Assessing the flexibility of coal-fired power plants". Deloitte France. Retrieved 2021-04-02.
  8. ^ POWER (2019-04-01). "Flexible Operation of Nuclear Power Plants Ramps Up". POWER Magazine. Retrieved 2021-04-07.
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