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What is Operational Efficiency

Data Envelopment Analysis (DEA) Methods for Maximizing Efficiency
The effectiveness of an organization in using its resources to produce the desired output. In healthcare, this term refers to using medical and administrative resources efficiently to provide high-quality patient care.
Published in Chapter:
Efficiency Analysis of a Surgery Roadmap Based on Lean Manufacturing Techniques, Simulation, and Data Envelopment Analysis
Leonardo H. Talero-Sarmiento (Universidad Autónoma de Bucaramanga, Colombia) and Laura Yeraldin Escobar Rodriguez (Universidad Autónoma de Bucaramanga, Colombia)
Copyright: © 2024 |Pages: 36
DOI: 10.4018/979-8-3693-0255-2.ch004
Abstract
This study advances healthcare process optimization, focusing on surgery roadmaps in the healthcare system, a scenario exemplifying optimization challenges due to limited information. This chapter emphasizes enhancing efficiency and resource utilization by employing lean manufacturing, operational research, simulation, data envelopment analysis, and non-dominance analysis. This study discovers 32 correlated patient pathways, showing shared activities and simultaneous multi-route impact from optimization strategies. Instead of merely analyzing pathway performance, the study applies data envelopment analysis to various investment scenarios, providing insights for healthcare decision-makers on improving patient care quality and efficiency. The juxtaposition of data envelopment analysis with a non-dominance algorithm in this mixed-method approach offers a robust framework for addressing healthcare operational challenges, particularly under information scarcity, and promotes continuous process improvement.
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More Results
Performance of Airlines: A Comparative Analysis for the COVID-19 Era
A metric that measures the efficiency of profit earned as a function of operating costs.
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Transforming the Travel Landscape: Smart Contracts in Tourism Management
The ability of smart contracts to automate tasks, reducing manual intervention, time, and resource consumption, enhancing efficiency in processes.
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Green Supply Chain Management in Malaysia Service Industry
Efficiency is achieved when green supply chain embedded with green technology enables an organization to utilize the least amount of resources, such as energy and raw material supply, to operate at its optimal.
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Insights From Supply Chain Disruptions in the COVID-19 Era: The Call for More Resilient Networks
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How COVID-19 Has Stimulated Innovation in the Chinese Education Sector
It is primarily a metric that measures the efficiency of profit earned as a function of operating costs. The greater the operational efficiency, the more profitable a firm or investment is.
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