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If energy output and input are expressed in the same units, efficiency is a dimensionless number. [1] Where it is not customary or convenient to represent input and output energy in the same units, efficiency-like quantities have units associated with them. For example, the heat rate of a fossil fuel power plant may be expressed in BTU per ...
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. Effectiveness is the simpler concept of being able to achieve a desired result, which can be expressed quantitatively but does not usually require more complicated ...
For example, if a distribution is a combination of 98% N(μ, σ) and 2% N(μ, 10σ), the presence of extreme values from the latter distribution (often "contaminating outliers") significantly reduces the efficiency of the sample mean as an estimator of μ.
Energy conversion efficiency depends on the usefulness of the output. All or part of the heat produced from burning a fuel may become rejected waste heat if, for example, work is the desired output from a thermodynamic cycle. Energy converter is an example of an energy transformation.
In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts: [1] Allocative or Pareto efficiency : any changes made to assist one person would harm another.
For example, a typical gasoline automobile engine operates at around 25% efficiency, and a large coal-fuelled electrical generating plant peaks at about 46%. However, advances in Formula 1 motorsport regulations have pushed teams to develop highly efficient power units which peak around 45–50% thermal efficiency.
To express the efficiency of a generator or power plant as a percentage, invert the value if dimensionless notation or same unit are used. For example: A heat rate value of 5 gives an efficiency factor of 20%. A heat rate value of 2 kWh/kWh gives an efficiency factor of 50%. A heat rate value of 4 MJ/MJ gives an efficiency factor of 25%.
Most steady-flow devices operate under adiabatic conditions, and the ideal process for these devices is the isentropic process. The parameter that describes how efficiently a device approximates a corresponding isentropic device is called isentropic or adiabatic efficiency. [12] Isentropic efficiency of turbines: