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Unlike efficacy (effectiveness), which is a unit of measurement, efficiency is a unitless number expressed as a percentage, requiring only that the input and output units be of the same type. The luminous efficiency of a light source is thus the percentage of luminous efficacy per theoretical maximum efficacy at a specific wavelength.
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%.
For a heat engine, thermal efficiency is the ratio of the net work output to the heat input; in the case of a heat pump, thermal efficiency (known as the coefficient of performance or COP) is the ratio of net heat output (for heating), or the net heat removed (for cooling) to the energy input (external work). The efficiency of a heat engine is ...
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.
Seasonal energy efficiency ratio (SEER) is mostly used for air conditioning. SCOP is a new methodology that gives a better indication of expected real-life performance, using COP can be considered using the "old" scale. Seasonal efficiency gives an indication on how efficiently a heat pump operates over an entire cooling or heating season. [14]
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 ...
To calculate tax efficiency, you'll need to know your asset's annualized return and the total amount of taxes paid on any earnings or distributions. Divide your tax-adjusted earnings by your pre ...
In the United States, the efficiency of air conditioners is often rated by the seasonal energy efficiency ratio (SEER) which is defined by the Air Conditioning, Heating, and Refrigeration Institute, a trade association, in its 2008 standard AHRI 210/240, Performance Rating of Unitary Air-Conditioning and Air-Source Heat Pump Equipment. [1]