Excerpt from Measurement of Relative Efficiency of Health Service Organizations With Data Envelopment Analysis: A Simulation A final distinction is that this paper will deal with measure ment of technical efficiency in contrast to price or allocative efficiency. An organization is technically inefficient if it is possible to increase physical outputs without increasing its inputs, or if it can decrease the inputs without decreasing its outputs Price efficiency - the purchasing of inputs at the lowest price and sale of ...
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Excerpt from Measurement of Relative Efficiency of Health Service Organizations With Data Envelopment Analysis: A Simulation A final distinction is that this paper will deal with measure ment of technical efficiency in contrast to price or allocative efficiency. An organization is technically inefficient if it is possible to increase physical outputs without increasing its inputs, or if it can decrease the inputs without decreasing its outputs Price efficiency - the purchasing of inputs at the lowest price and sale of outputs for the highest price-and allocative efficiency the use of the correct mix of inputs based on the relative prices are of importance but need not and will not be considered concur rently with technical inefficiency. By focusing on the physical inputs and outputs that determine technical efficiency, we can determine if the firm could become more efficient regardless of whether it is efficient with respect to price and allocation considerations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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