In order to operate at maximum efficiency , we must integrate our plans with theirs. Hence assuming the mechanical efficiency of the engine to be and substituting! But the food would not only be produced with maximum efficiency ; it would be extremely fresh and very healthy. All rights reserved. Filters 0. Words form: efficiencies. See word origin. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'efficiency.
Send us feedback. See more words from the same year. Accessed 12 Nov. More Definitions for efficiency. Nglish: Translation of efficiency for Spanish Speakers. Britannica English: Translation of efficiency for Arabic Speakers. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!
Log in Sign Up. Pitchers who lack mechanical efficiency are more reliant on the creation of power to throw hard. Automation shines with grouped efficiency and averages…not shared and thus manually managed data. Since then the rise of e-commerce marketplaces has forced a major shift in the design of the consumer journey, designed to reduce friction and increase efficiency. And increasingly smart navigation aids in the cockpit brought far greater precision and efficiency to route planning.
His stories were constructed with ruthless narrative efficiency. This was the most sophisticated global tracking system ever devised, and it worked with lethal efficiency. Efficiency may seem a pitiless term to use but it does have meaning. Apply market research to generate audience insights. Measure content performance.
Develop and improve products. List of Partners vendors. The term efficiency refers to the peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
Efficiency requires reducing the number of unnecessary resources used to produce a given output, including personal time and energy. It is a measurable concept that can be determined using the ratio of useful output to total input. It minimizes the waste of resources such as physical materials, energy, and time while accomplishing the desired output.
The term efficiency can be defined as the ability to achieve an end goal with little to no waste, effort, or energy.
Being efficient means you can achieve your results by putting the resources you have in the best way possible. Put simply, something is efficient if nothing is wasted and all processes are optimized. This includes the use of money, human capital , production equipment, and energy sources.
Efficiency can be used in a variety of ways to describe various optimization processes. As such, analyzing efficiency can help reduce costs and increase bottom lines. For instance:. As noted above, efficiency is measurable and can be expressed as a ratio or percentage.
You can measure it by using the following formula:. Output or work output is the total amount of useful work completed without accounting for any waste and spoilage. If you want to express efficiency as a percentage, simply by multiplying the ratio by Efficiency measures any performance that uses minimal inputs to get the maximum number of outputs. Put simply, you're efficient if you get more by using less.
Efficiencies can be divided into many different categories. We've outlined some of the key types below, including economic efficiency, market efficiency, and operational efficiency. Economic efficiency refers to the optimization of resources to best serve each person in that economic state. No set threshold determines the effectiveness of an economy, but indicators include goods brought to market at the lowest possible cost and labor that provides the greatest possible output.
Market efficiency describes how well prices integrate available information. This means that markets are efficient when all information is already incorporated into prices.
There is no way to beat the market since there are no undervalued or overvalued securities available. Market efficiency was described in by economist Eugene Fama, whose efficient market hypothesis EMH states that an investor can't outperform the market. Fama also stated that market anomalies should not exist because they will immediately be arbitraged away.
Operational efficiency measures how well profits are earned as a function of operating costs. The greater the operational efficiency, the more profitable the firm or investment. This is because the entity is able to generate greater income or returns for the same or lower cost than an alternative. In financial markets, operational efficiency occurs when transaction costs and fees are reduced.
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