Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Technical Efficiency

Transport and Logistics Planning and Optimization
It refers to the physical relation between resources (capital and labor) and outcome. A technically efficient position is able to maximize the amount of outcome according to the specified resource inputs.
Published in Chapter:
Simulation-Based Optimization of a Transport Robot via Super-Efficiency DEAGP Approach
Bahareh Vaisi (Young Researchers and Elite Club, South Tehran Branch, Islamic Azad University, Tehran, Iran)
Copyright: © 2023 |Pages: 18
DOI: 10.4018/978-1-6684-8474-6.ch011
Abstract
To find the best sequence of the parts to the production system has been respected by researchers as a research gap especially in robotic cells that are confronted with breakdowns. Through the current study a simulation-based optimization approach is presented to trace the optimum sequence of a two-machine robotic cell that produces different products. A material handling device to support the transport and load/unload in this manufacturing system is a single gripper robot. Here, simulation enables the authors to determine sequencing of parts to the cell; also, a comparison is done based on DEA and DEAGP methods to trace the optimal cyclic sequences satisfying the objective functions, and through Andersen/Petersen's super-efficiency approach, the best cyclic sequence is selected. Applying DEAGP usually improves the discrimination power to select the efficient cyclic sequence of the parts, though the results in this problem are not satisfactory, and DEA results are more reasonable.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Bank Branch Efficiency with DEA
Efficiency evaluated by CCR model and it represents the overall success of a branch at converting inputs to outputs and operating at right returns to scale. Technical efficiency is composed of two components, pure technical efficiency and scale efficiency.
Full Text Chapter Download: US $37.50 Add to Cart
Evaluation of Branch-Based Efficiency in Turkish Deposit Banks: Evidence from Privately-Owned Banks
Is measured by the ratio of weighted inputs to weighted outputs of a firm. The distance between the analyzed firm and the best practice frontier represents the level of efficiency of that specific firm.
Full Text Chapter Download: US $37.50 Add to Cart
Full Text Chapter Download: US $37.50 Add to Cart
Performance Benchmarking of the Indian Life Insurance Industry: A Unified Approach
The efficiency of a decision making unit relative to the best practice frontier in terms of input usage or production of output or both.
Full Text Chapter Download: US $37.50 Add to Cart
Technical Efficiency Through Innovative Methods and Estimations in Financial Markets
Technical efficiency is the effectiveness with which a given set of inputs is used to produce an output. A firm is said to be technically efficient if a firm is producing the maximum output from the minimum quantity of inputs, such as labour, capital, and technology.
Full Text Chapter Download: US $37.50 Add to Cart
Benchmarking Regulators: A Data Envelopment Analysis of Italian Water Authorities' Performance
A firm is technically efficient if it operates employing the minimal level of resources given the outputs, or produces the maximal level of outputs given the inputs.
Full Text Chapter Download: US $37.50 Add to Cart
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR