1) The unrecovered balance of an investment. It’s a cost already paid that is not relevant to the decision concerning the future that is being made. Capital already invested that for some reason cannot be retrieved.2) A past cost that has no relevance with respect to future receipts and disbursements of a facility undergoing an economic study. This concept implies that since a past outlay is the same regardless of the alternative selected, it should not influence the choice between alternatives.

Warry vs. Waste: How Waredock’s AI Teammate Attacks the $1T Efficiency Gap in Global Logistics
Logistics moves the world and then loses a chunk of value in the shuffle—missed slots, idle trucks, copy-paste emails, “who owns this?” moments. Industry estimates often peg waste near the low double digits of total spend. Translate that across a ~$10T sector and you’re staring at a trillion-dollar hole. The




