efficiency definition

What is an efficient market? an efficient small car Economic Efficiency. In other words, it is like comparing the output of the energy to the input of the energy in any given system. The focus is on the resources and speed with which organisational goals are achieved. “Effectiveness” vs. “Efficacy” vs. “Efficiency”: When To Use Each Word For The Best Results. Efficiency, in the strictest sense of the definition is being able to produce something with the minimum amount of time and resources. The efficiency of any machine is always less than one due to forces such as friction that use up energy unproductively. A high level of efficiency generates the highest possible amount of outputs with the smallest amount of inputs. . Business efficiency is how much output a business produces for a unit of input. Thermal Efficiency Formula. Energy efficiency brings a variety of benefits: reducing greenhouse gas emissions, reducing demand for energy imports, and lowering our costs on a household and economy-wide level. Can Tarzan of the Apes Survive in a Post-Colonial World? 2 the ratio of the useful work done by a machine, engine, device, etc., to the energy supplied to it, often expressed as a percentage. Meaning of efficiency. b. Adam Connors For Cnn Business Perspectives, Last month, Chevron announced targets that focus on emissions intensity, a measure which requires production to become more, The original Skyactiv-X also returned impressive fuel economy figures on the European test cycle, and could be even more, The 2021 version of their Air Raid is more, For one person, Lakdawala imagines, that might mean being more, Not bad for an aircraft that will also be 20 percent more, Post the Definition of efficient to Facebook, Share the Definition of efficient on Twitter, “In Vino Veritas” and Other Latin Phrases to Live By, Merriam-Webster's Words of the Week - Nov. 12. This book gives a new way to look at the field of the design of high-performance processors. This book describes how we can design and make efficient processors for high-performance computing, AI, and data science. Written by led outdoor lighting suppliers-HEPETECH efficiency. (3.1) η = Q abs Q in. This is the final report of a study to provide "Technical assistance on assessing the effectiveness of the implementation of the definition of small and medium-sized enterprises for the purposes of Article 8(4) of the Energy Efficiency ... The American Heritage® Science Dictionary Effective typically describes things—such as policies, treatments, arguments, and techniques—that do what they are intended to do. Definition of efficiency in the Definitions.net dictionary. In the multifamily housing industry, efficiency . Definition and examples. The input power for efficiency calculations is 1 kW/m 2 or 100 mW/cm 2. Define work efficiency. Efficiency is the percentage of effort or resources that produces a result. Efficiency is defined as the ability to produce something with a minimum amount of effort. Eventually in the groove and groovy grew to mean ‘up-to-date’ or ‘fashionable,’ although this use is now being phased out of current slang. While efficacy and effectiveness may function as synonyms in general usage, they actually have a specific difference in epidemiology, especially when referring to vaccines.. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. The thermal efficiency, η th, represents the fraction of heat, Q H, that is converted to work.It is a dimensionless performance measure of a heat engine that uses thermal energy, such as a . The reference is to New York City as the epitome of success, society, and fashion. Market efficiency refers to the ability possessed by markets to include information that offers maximum possible opportunities for traders to buy and sell securities without incurring additional transaction costs. effective stresses the actual production of or the power to produce an effect. Detailed Explanation: Economic efficiency is the theoretical point where all resources are being used in the best interest of society. 'The nation's translation industry is often criticized for its poor quality . just like New York This American slang expression, usually an isolated comment on successful performance, has a wide range of equally vague equivalents such as right on, great, nice going, way to go. An efficient process typically contains the minimal amount of wasted labor, materials, energy, and processing time. It made no difference, when he was in the groove, what he chose to talk about. For example, a compact fluorescent light bulb is more energy efficient than a regular incandescent light bulb because the former requires less electrical energy to generate the same amount of light as the latter. Energy efficiency is defined as the use of energy in an optimum manner to achieve the same service that could have been achieved using a common less efficient manner. Cost, Effectiveness, and Deployment of Fuel Economy Technologies for Light-Duty Vehicles estimates the cost, potential efficiency improvements, and barriers to commercial deployment of technologies that might be employed from 2020 to 2030. You are, in fact, so good at doing it that you are unusually efficient when you do it. People can also be described as effective when they accomplish what they set out to accomplish, but the word is far more often applied to things. 1 the quality or state of being efficient; competence; effectiveness. Energy efficiency can help households financially and improve the health, comfort and safety of families in their homes. Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. When to Use Efficiency. From Longman Dictionary of Contemporary English efficiency ef‧fi‧cien‧cy / ɪˈfɪʃ ə nsi / W3 noun 1 EFFICIENT [uncountable] the quality of doing something well and effectively, without wasting time, money, or energy OPP inefficiency efficiency of the efficiency of the train service considerable advancements in energy efficiency 2 → efficiencies COLLOCATIONS verbs improve/increase . Different types of efficiency. This is a fundamental tool in the comparative study of theorem proving strategies. The second edition is slightly revised, a few errors have been fixed, and some references to related works have been added. Vaccine efficacy vs. vaccine effectiveness. The expression probably comes from the efficiency of gas as a cooking medium (as contrasted with coal, wood, kerosene, electricity, etc.). 'Sri Lanka has identified health as an area where information technology should be used to boost efficiency and service quality.'. Efficiency measures the level of performance achieved against a standard. Can there be any comparison between the educational efficiency of the two methods? Definition of efficiency noun in Oxford Advanced American Dictionary. accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort: The assembly line increased industry's efficiency. A higher ratio indicates that the company is generating more revenue per rupee of assets. Advanced Power Generation Systems examines the full range of advanced multiple output thermodynamic cycles that can enable more sustainable and efficient power production from traditional methods, as well as driving the significant gains ... ENERGY STAR can help you find energy-efficient products and homes. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'efficient.' “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? Copyright © 2011. Physical or mental effort or activity directed toward the production or accomplishment of something: Cleaning the basement was a lot of work. These three words cover some overlapping territory. cies 1. a. View FREE Lessons! Blood and War: The Hard Truth About ‘Boots on the Ground’, Fifty Years of Railway Life in England, Scotland and Ireland. . Among the most popular efficiency ratios are the following: 1. What Does Efficiency Mean in Accounting? 'The nation's translation industry is often criticized for its poor quality . η Carnot is the efficiency of Carnot cycle, i.e. From the girls and women near her, all swinging irons steadily but at high pace, came quick glances, and labor, With a large business there is always less waste and greater, A man of soft civilization, sitting at a desk, would have grown lean and woe-begone on the fare that kept Kama and Daylight at the top-notch of physical, He went up to the map and speaking rapidly began proving that no eventuality could alter the, An outcast himself from the pack of the part-grown dogs, his sanguinary methods and remarkable, Before the public he would have liked to vindicate the. The efficiency ratio is a measure of quantifying and analysing how efficiently a company handles its assets and liabilities internally. See more meanings of efficiency. in the groove In full swing, functioning smoothly, in top form. Learner's definition of EFFICIENCY. Hardbound. The subject of this book is the exergy analysis of the efficiency of processes involving energy and matter transformations. Occasionally the phrase is jocularly updated by variants such as cooking with electricity or cooking with radar. When the figurative use gained currency, the word cylinder was dropped from the end of the expression. When in the groove is used, as in the following quotation from Webster’s Third, it emphasizes the quality of being in top form, rather than sophistication or fashionableness. Delivered to your inbox! Energy efficiency may also be stated as "efficient energy in use.". Economic Efficiency Definition. Dictionary.com Unabridged Efficiency in the context of accounting is not always related to how quickly a job gets done. For instance, a baker has 10 customers wanting an iced doughnut. Right now, you might be thinking, "But wait. The quality or property of being efficient. Efficiency in management means performing activities with the minimum wastage of resources which also refers to optimum utilization of resources so that the organisation can maximize the profit. Inventory Turnover Ratio. Efficient definition is - capable of producing desired results without wasting materials, time, or energy. 1. : the ability to do something or produce something without wasting materials, time, or energy : the quality or degree of being efficient. This decade’s most important marketing question: What data rights do advertisers possess? efektivitāte; lietpratība; produktivitāte, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Efficiency - Quality - Improvement - Performance, Efficiency and Renewable Energy Clearinghouse, Efficiency Help Line and Internet Support, Efficiency in Large-Scale Parsing Systems. Comparing efficient, effective, and proficient Synonym Discussion of efficient. (Henry Miller). The National Welfare Fund invests its funds abroad to counteract inflation . An estimation of the solids, therefore, furnishes an important clue to the functional efficiency of the kidneys. Energy efficiency is the practice of using less energy to provide the same amount of useful output from a service (such as heating water, lighting, or cooling a fridge). Project Report from the year 2007 in the subject Environmental Sciences, grade: 2, Brandenburg Technical University Cottbus, course: Seminar paper, 9 entries in the bibliography, language: English, abstract: Rapid economic growth is placing ... efficiency Lab medicine The relative ability of a test to detect a disease, while maintaining the rate of false positive results to a minimum; the efficiency of a test is defined as the number of true positives and true negatives multiplied by one hundred, divided by the sum of true positives, true negatives, false positives and false negatives. Operational efficiency is a metric that compares the profit a company earned with the costs required to make that profit. Boiler efficiency is a measure of the goodness of the chosen process and equipment to transfer combustion heat to the heat in steam. Price efficiency is a theory that advocates prices for the assets in a market reflects the fact that all information about the assets is available to all market participants. | Meaning, pronunciation, translations and examples Lighting efficiency definition is a symbol of energy saving characteristics of light source. Efficiency. This efficiency ratio calculation indicates how efficiently management is using both its long term and short term assets. A room in a structure that is a single - family house at the time of application will not be considered to be an Efficiency Unit eligible for program funds. Allocative efficiency occurs when consumer demand is completely met by supply. Efficiency assessment is critical for energy systems and it is broadly utilized for any systems and processes. In this sophisticated analysis, Richard S. Markovits considers the way in which scholars and public decision-makers define, predict, and assess the moral and legal relevance of economic efficiency. Prioritize your work and adopt a step by step approach. This occurs when there is an optimal distribution of goods and services, taking into account consumer's preferences. Proficient typically describes people, and it often is followed by the preposition at. This Americanism was originally used in speaking of internal combustion engines, specifically the functioning of the cylinders, which often misfired in earlier cars. The main approach to define efficiency is the ratio of useful output per required input. This book will also have much to offer to industry leaders, investors, environmentalists, and others looking for a practical diagnosis of energy efficiency possibilities. GOVERNMENT EFFICIENCY AND EFFECTIVENESS: Inconsistent Definition and Information Limit the Usefulness of Federal Program Inventories | Meaning, pronunciation, translations and examples Automation shines with grouped efficiency and averages…not shared and thus manually managed data. Boiler efficiency can be defined as the ratio of the useful heat output to the total energy input. ENERGY STAR is the simple choice for energy efficiency, making it easy to find products that will save you money and protect the environment. That on the left was the, Originally designed for the preparation of desserts, the woks eventually proved their versatility as, During the pandemic and beyond, enterprises will continue to look for ways to become more, Mandatory reporting and operational management will become easier and cheaper, allowing hospitals to become more. There’s this layer of data and efficiency that we’ve experienced as we’ve figured this all out that I don’t think we can walk away from in the future. By the adoption of scientific principles Hope-Jones has multiplied the efficiency of Swell boxes tenfold. 2.3.5 Efficiency definition. Important and urgent tasks should be finished first. Find 51 ways to say EFFICIENCY, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. 'greater energy efficiency'. The factory was operating at peak efficiency. It is a comparison of the actual amount of "work" (volume of activity, not Force x Distance) done by a machine compared to what it would do with no lost time or capacity. Accessed 17 Nov. 2021. It is a measure of performance and effectiveness of a system or component. a detergent that is efficacious in removing grease. The efficiency formula will help us in quantifying it and judging the efficiency of any machine. So what is meant by Allocative Efficiency? The efficiency ratio applies to companies, firms and banks and is a tool favoured by analysts to gauge the short term performance of a company. This is when a business is operating along its production possibility frontier, which is a curve that illustrates how much of a product the business can produce given existing resources. Efficient most often describes what is capable of producing desired results without wasting materials, time, or energy. 14th century, in the meaning defined at sense 2, Middle English, "active, immediate (of a cause)," borrowed from Middle French & Latin; Middle French, borrowed from Latin efficient-, efficiens "producing or giving rise to something, immediate (of a cause), active," from present participle of efficere "to make, bring about, produce, carry out" — more at effect entry 1. Efficient Market Definition If you are proficient at something, you are very good at it. This is an important index to measure the performance of led light sources. Groove originally referred to the grooves of phonograph records. [noncount] Because of her efficiency, we got all the work done in a few hours. Aggregate Supply and Demand Aggregate supply and demand refers to the concept of supply and demand but applied at a macroeconomic scale. 1 The state or quality of being efficient. hit on all six To run smoothly; to function properly; to work to one’s fullest capacity; to be in physically fit and trim condition. SMX is Coming to You in December 2020: Be a Part of it! Efficiency is also a noun and is defined as the quality or property of being efficient.Efficient means acting or producing with a minimum or waste, expense, or unnecessary effort. Published by Houghton Mifflin Harcourt Publishing Company. cooking with gas Operating at maximum efficiency; performing well, functioning smoothly; really in the groove or on the right track. Definition. It has very powerful longevity and potential built in, as there's literally . Vaccine efficacy is a measure of how well a vaccine lowers the prevalence of a disease under ideal, controlled conditions. One can also be proficient in something, such as a language. an effective rebuttal Efficiency and effectiveness. Definition of efficiency. These are situations where the MLE or other estimators are not asymptotically normally distributed, or where l 2 their order of convergence (or consistency) is not n / , as in the regular cases. Pitchers who lack mechanical efficiency are more reliant on the creation of power to throw hard. Efficiency definition: Efficiency is the quality of being able to do a task successfully, without wasting time. Test your knowledge - and maybe learn something along the way. We can define efficiency as: the ratio between the useful work performed by a device and the total energy consumed as input. Economic efficiency definition: Economic means concerned with the organization of the money, industry , and trade of a. The new lawn mower is much more efficient than the old one. Instead, efficiency measures the . The first warning regarding efficiency in Lean is to make sure you are using the term the same way that the people around you are. Efficiency looks at what is currently being produced and compares that with what could be achieved with the existing consumption of resources, i.e. Refine Your Final Word With 10 Alternatives To “In Conclusion”. The efficiency is the ratio between the output and input power. Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. How to use efficient in a sentence. Efficiency is the ability to act or produce effectively with a minimum of waste, expenditure or unnecessary effort. Efficiency is very often confused with effectiveness.In general, efficiency is a measurable concept, quantitatively determined by the ratio of useful output to total useful input. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. | Meaning, pronunciation, translations and examples Removal Efficiency means the percent of an air pollutant removed from flue gas by an air pollution control device based on the mass emission rate before and after the air pollution control device. where. The jazz musicians gave no grandstand performances; they simply got a great burn from playing in the groove. This shows grade level based on the word's complexity. Which of the following words describes “sky blue”? Flight 8501 Poses Question: Are Modern Jets Too Automated to Fly? Yes, it's true; efficiency apartments and studio apartments are very similar, and the terms are often used interchangeably. MARKET EFFICIENCY - DEFINITION AND TESTS. Focusing on the most important thing increases your efficiency. Let's suppose we have a system which receives a power as input and outputs another power. The fact or process of being produced: a movie going into. In other words, businesses are providing the exact supply that consumers want. There are two pieces of cost efficiency, which are cost benefit analysis and cost effectiveness analysis . n pl , -cies. This was the most sophisticated global tracking system ever devised, and it worked with lethal efficiency. Production efficiency is when a company cannot increase the output of a specific good without increasing costs or lowering the production level of another product. Field Efficiency Definition. (Saturday Evening Post, March 10, 1928). In this book the authors explore the state of the art on efficiency measurement in health systems and international experts offer insights into the pitfalls and potential associated with various measurement techniques.

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