FOAK
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FOAK is an acronym for First of a Kind. It is used in engineering economics where the first item or generation of items using a new technology or design can cost significantly more than later items or generations, which are called NOAK an acronym for nth of a kind.
FOAK is an acronym for First of a Kind. It is used in engineering economics where the first item or generation of items using a new technology or design can cost significantly more than later items or generations, which are called NOAK an acronym for nth of a kind.
References
Text derived from https://en.wikipedia.org/w/index.php?oldid=1173418276 under CC BY-SA 4.0; modifications have been made.