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Note that this is the asymptotic efficiency — that is, the efficiency in the limit as sample size tends to infinity. For finite values of , the efficiency is higher than this (for example, a sample size of 3 gives an efficiency of about 74%). [citation needed]
Data envelopment analysis (DEA) is a nonparametric method in operations research and economics for the estimation of production frontiers. [1] DEA has been applied in a large range of fields including international banking, economic sustainability, police department operations, and logistical applications [2] [3] [4] Additionally, DEA has been used to assess the performance of natural language ...
The theoretical-maximum efficacy at that wavelength is 525 lm/w, so the lamp has a luminous efficiency of 38.1%. Because the lamp is monochromatic, the luminous efficiency nearly matches the wall-plug efficiency of < 40%. [7] [8] Calculations for luminous efficiency become more complex for lamps that produce white light or a mixture of spectral ...
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.
The Loading Metric is a pure measurement of Schedule efficiency and is designed to exclude the effects how well that operation may perform. Calculation: Loading = Scheduled Time / Calendar Time. Example: A given Work Center is scheduled to run 5 Days per Week, 24 Hours per Day. For a given week, the Total Calendar Time is 7 Days at 24 Hours.
Note that the profit and loss for any given number of unit sales is the same, and in particular the break-even point is the same, whether one computes by sales = total costs or as contribution = fixed costs.
Brake-specific fuel consumption (BSFC) is a measure of the fuel efficiency of any prime mover that burns fuel and produces rotational, or shaft power. It is typically used for comparing the efficiency of internal combustion engines with a shaft output. It is the rate of fuel consumption divided by the power produced.
Information theory is useful to calculate the smallest amount of information required to convey a message, as in data compression. For example, consider the transmission of sequences comprising the 4 characters 'A', 'B', 'C', and 'D' over a binary channel.