Operational efficiency

Chia‐Yen Lee · rew Johnson

26 citations0/0 files storedIndustrial innovation series

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Management and Optimization Techniques Quality and Supply Management Energy Efficiency and Management

Abstract

The fields of engineering and management associate efficiency with how well a relevant action is performed, i.e. ‘‘doing things right’’, and effectiveness with selecting the best action, i.e. ‘‘doing the right thing’’. Thus, a firm is effective if identifies appropriate strategic goals, and efficient if it achieves them with minimal resources. This chapter focuses on operational efficiency, or the ability to deliver products

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References

1978Measuring the efficiency of decision making units 1984Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis 1957The Measurement of Productive Efficiency 1977Formulation and estimation of stochastic frontier production function models 2005An Introduction to Efficiency and Productivity Analysis 1977Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error 1998Toyota production system: beyond large-scale production 1982On the estimation of technical inefficiency in the stochastic frontier production function model

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