cost efficiency
31efficiency — noun (plural cies) Date: 1633 1. the quality or degree of being efficient 2. a. efficient operation b. (1) effective operation as measured by a comparison of production with cost (as in energy, time, and money) (2) the ratio of the useful energy… …
32Cost Per Available Seat Mile - CASM — A common unit of measurement used to compare the efficiency of various airlines. It is obtained by dividing the operating costs of an airline by available seat miles (ASM). Generally, the lower the CASM, the more profitable and efficient the… …
33cost control — noun : use by management of cost analyses and their interpretation in corrective measures toward increasing efficiency and economy of operation …
34Efficiency Service Company — A company that offers to reduce a client s electricity consumption with the cost savings being split with the client …
35technical efficiency — ➔ efficiency * * * technical efficiency UK US noun [U] PRODUCTION ► a situation in which a company or a particular machine produces the largest possible number of goods with the time, materials, labour, etc. that are available: »We place a lot of …
36Weak axiom of cost minimization — In economics, the weak axiom of cost minimization (WACM) provides a nonparametric test of cost minimization, which can be applied only when both input price and quantity data are available for individual firms. External links *… …
37Algorithmic efficiency — In computer science, efficiency is used to describe properties of an algorithm relating to how much of various types of resources it consumes. Algorithmic efficiency can be thought of as analogous to engineering productivity for a repeating or… …
38Seasonal energy efficiency ratio — The efficiency of air conditioners is often rated by the Seasonal Energy Efficiency Ratio (SEER) which is defined by the [Air Conditioning, Heating, and Refrigeration Institute] in its standard ARI 210=240, Performance Rating of Unitary Air… …
39Kaldor-Hicks efficiency — (named for Nicholas Kaldor and John Hicks) is a measure of economic efficiency that captures some of the intuitive appeal of Pareto efficiency, but has less stringent criteria and is hence applicable to more circumstances. Under Kaldor Hicks… …
40Electrical efficiency — The efficiency of an entity (a device, component, or system) in electronics and electrical engineering is defined as useful power output divided by the total electrical power consumed (a fractional expression), typically denoted by the Greek… …
