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  2. Operational efficiency - Wikipedia

    en.wikipedia.org/wiki/Operational_efficiency

    Improving operational efficiency begins with measuring it. Since operational efficiency is about the output to input ratio, it must be measured on both the input and output side. Quite often, company management is measuring primarily on the input side, e.g., the unit production cost or the man hours required to produce one unit.

  3. Data envelopment analysis - Wikipedia

    en.wikipedia.org/wiki/Data_envelopment_analysis

    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 ...

  4. Performance improvement - Wikipedia

    en.wikipedia.org/wiki/Performance_improvement

    input requirements; e.g. working capital, material, replacement or reorder time, and set-up requirements. throughput requirements, often viewed as process efficiency; this is measured in terms of time, waste, and resource utilisation. output requirements, often viewed from a cost/price, quality, functionality perspective.

  5. Efficiency (statistics) - Wikipedia

    en.wikipedia.org/wiki/Efficiency_(statistics)

    In statistics, efficiency is a measure of quality of an estimator, of an experimental design, [1] or of a hypothesis testing procedure. [2] Essentially, a more efficient estimator needs fewer input data or observations than a less efficient one to achieve the Cramér–Rao bound.

  6. Process optimization - Wikipedia

    en.wikipedia.org/wiki/Process_optimization

    Process optimization is the discipline of adjusting a process so as to make the best or most effective use of some specified set of parameters without violating some constraint. Common goals are minimizing cost and maximizing throughput and/or efficiency. Process optimization is one of the major quantitative tools in industrial decision making.

  7. Statistical process control - Wikipedia

    en.wikipedia.org/wiki/Statistical_process_control

    Statistical process control is appropriate to support any repetitive process, and has been implemented in many settings where for example ISO 9000 quality management systems are used, including financial auditing and accounting, IT operations, health care processes, and clerical processes such as loan arrangement and administration, customer ...

  8. Your Cholesterol Could Be A Key Indicator Of Dementia. A ...

    www.aol.com/cholesterol-could-key-indicator...

    Typically, dementia is associated with classic symptoms like confusion and memory loss. But new research finds that there could be a less obvious risk factor out there: your cholesterol levels ...

  9. Operations research - Wikipedia

    en.wikipedia.org/wiki/Operations_research

    Operations research (OR) encompasses the development and the use of a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency, such as simulation, mathematical optimization, queueing theory and other stochastic-process models, Markov decision processes, econometric methods, data ...