technical efficiency

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• technical 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 …   Financial and business terms

• efficiency — technical efficiency 1) A measure of the ability of an organization to produce the maximum output of acceptable quality with the minimum of time, effort, and other inputs. One company is said to be more efficient than another if it can produce… …   Big dictionary of business and management

• technical inefficiency — UK US noun [U] PRODUCTION ► a situation in which a company or a particular machine fails to produce the largest possible number of goods with the time, materials, labour, etc. that are available: »This article examines the technical inefficiency… …   Financial and business terms

• Efficiency — Reflects the amount of wasted energy. The New York Times Financial Glossary * * * efficiency ef‧fi‧cien‧cy [ɪˈfɪʆnsi] noun [uncountable] MANUFACTURING 1. how well an industrial process, factory, or business works so that it produces as much as… …   Financial and business terms

• efficiency — Because of futures contracts standardization of terms, large numbers of traders from all walks of life may trade futures, thus allowing prices to be determined readily (it is more likely that someone will want a contract at any given price). The… …   Financial and business terms

• Efficiency Movement — Part of the Politics series on Progressivism Schools American Progressivism Modern liberalism Progressive education Ideas Anti racism Civil liberties …   Wikipedia

• efficiency — There are conflicting notions of efficiency in everyday work life. Technical efficiency is relatively straightforward, and describes the relation of various energy inputs into equipment, in relation to output (though it may be difficult or… …   Dictionary of sociology

• Efficiency — as a technical term may refer to: * Algorithmic efficiency, optimizing the speed and memory requirements of a computer program * Efficient energy use, useful work per quantity of energy ** Energy conversion efficiency, desired energy output per… …   Wikipedia

• Technical intelligence — In a pure military context, Technical Intelligence (TECHINT) is intelligence about weapons and equipment used by the armed forces of foreign nations (often referred to as foreign materiel).The related term, scientific and technical intelligence,… …   Wikipedia

• efficiency — noun ADJECTIVE ▪ ruthless ▪ great, high ▪ attempts to achieve greater efficiency in the production process ▪ improved, increased ▪ …   Collocations dictionary

• Technical Progress Function — An economic relation which seeks to explain changes in the level of economic output in terms of the level of technical progress. Rather than looking at economic growth as a form of efficiently allocating inputs, the technical progress function… …   Investment dictionary