measure of efficiency

measure — ▪ I. measure mea‧sure 1 [ˈmeʒə ǁ ər] noun 1. [countable] an official action, taken to deal with a particular problem: • The company has had to take cost cutting measures, including reducing spending on certain marketing programs. ausˈterity… …   Financial and business terms

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

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

Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

measure — {{Roman}}I.{{/Roman}} noun 1 official action to deal with a problem ADJECTIVE ▪ appropriate, effective, necessary, practical ▪ We urge you to adopt all necessary measures to guarantee people s safety. ▪ key …   Collocations dictionary

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

Efficiency (statistics) — In statistics, efficiency is one measure of desirability of an estimator.The efficiency of an unbiased statistic T is defined as:e(T)=frac{1/mathcal{I}( heta)}{mathrm{var}(T)}where mathcal{I}( heta) is the Fisher information of the sample.Thus… …   Wikipedia

efficiency — /i fish euhn see/, n., pl. efficiencies. 1. the state or quality of being efficient; competency in performance. 2. accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort: The assembly line increased… …   Universalium

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 — A measure of the ability of an organization to produce and distribute its product. In accounting terms it is quantified by a comparison of the standard hours allowed for a given level of production and the actual hours taken. This represents the… …   Accounting dictionary

Efficiency (Appliance) Ratings —   A measure of the efficiency of an appliance s energy efficiency …   Energy terms