efficiency in production
51Allocative efficiency — is a theoretical measure of the benefit or utility derived from a proposed or actual selection in the allocation or allotment of resources.[1][2] Although there are different standards of evaluation for the concept of allocative efficiency, the… …
52Faraday efficiency — Faradic Efficiency (also called coulombic efficiency or current efficiency ) describes the efficacy with which current (electrons) are transfered in a system facilitating an electrochemical reaction. The word faraday in this term refers to the… …
53technical 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 …
54overhead efficiency variance — overhead productivity variance; = productivity variance In a standard costing system, that part of the overhead total variance that arises from the more or less efficient use of the time available to carry out the actual production. It compares… …
55x-efficiency — ˌx efˈficiency noun [uncountable] COMMERCE HUMAN RESOURCES the ability of a business to achieve the best results in the most economic way in relation to the number of employees, machines etc it has: • the x efficiency of commercial banks in Hong… …
56Productive efficiency — occurs when the economy is operating at its production possibility frontier (PPF). This takes place when production of one good is achieved at the lowest cost possible, given the production of the other good(s). Equivalently, it is when the… …
57Factors of production — In economics, factors of production means inputs and finished goods means output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input …
58Primary production — For other uses, see Primary production (economics). Global oceanic and terrestrial photoautotroph abundance, from September 1997 to August 2000. As an estimate of autotroph biomass, it is only a rough indicator of primary production potential,… …
59Theoretical production ecology — tries to quantatively study the growth of crops. The plant is treated as a kind of biological factory, which processes light, carbon dioxide, water and nutrients into harvestable parts.Main parameters kept into consideration are temperature,… …
60Master production schedule — Contents 1 What is Master Production Schedule or MPS? 2 How an MPS works 3 Production plan 4 See also 5 …
