ORGANIZATIONAL EFFICIENCY‚ EFFECTIVENESS AND PRODUCTIVITY?’_ Management is the process of achieving organisational goals through the four functions of management‚ planning‚ organising‚ leading and controlling (Davidson‚ 2006: 5). For the reason that management involved with such variety of activities that basically would affect the proper function and the flow of the organisation; consequently‚ the standard of the management is the direct factor hindering the efficiency‚ effectiveness and productivity
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(a) Explain how allocative efficiency is related to the concepts of consumer surplus and producer surplus. Consumer surplus is defined as the highest price consumers are willing to pay for a good minus the price actually paid. As shown in the diagram‚ P1 is the highest price consumers are willing to pay for a good. Pe is the equilibrium price determined by the market. Any consumers are willing to pay price higher than Pe will end up paying Pe. This means they pay less than they expect‚ therefore
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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Pareto efficiency‚ or Pareto optimality‚ is a central theory in economics with broad applications in game theory‚ engineering and the social sciences. Given a set of alternative allocations and a set of individuals‚ a movement from one alternative allocation to another that can make at least one individual better off‚ without making any other individual worse off is called a Pareto improvement or Pareto optimization. An allocation of resources is Pareto efficient or Pareto optimal when no further
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Beginner’s Guide to Aviation Efficiency November 2010 Contents The importance of aviation Introduction The miracle of flight History of fuel efficiency Designing aircraft Designing engines Operating the aircraft In the air On the ground Carbon-neutral growth and the next steps The next generation Page 1 Page 2 Page 5 Page 6 Page 10 Page 13 • Aviation is responsibly reducing its environmental impact. Page 15 Page 20 Page 22 Page 24 • Air transport’s contribution to climate change represents
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ENERGY EFFICIENCY: MISSIONS AND MEASURES INTRODUCTION Talking about the importance of energy efficiency measures in India‚ the first thing that comes to the mind is JNNURM mission‚ a joint initiative by the Ministry Of Urban Employment and Poverty Alleviation and the Ministry of Urban Development on behalf of the Government of India. But before going to the details of JNNURM mission it is important to first understand the importance and need of Energy Efficiency in the Indian context. The need
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MARKET EFFICIENCY. Introduction. What is an "efficient" market? Can you say that the stock market in Zimbabwe is efficient?. Definitely our stock market is very small relative to others. For example‚ the ZSE carries only 75 counters‚ whereas the Johannesberg Stock Exchange (JSE) has more than five thousand firms‚ yet by world standards‚ even the JSE is still regarded as an "emerging market". So you can see that there are very few players on our ZSE‚ thus very little competition among the investors
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Australia’s Low Carbon Opportunity EnErgy EfficiEncy Boost Profits Cut Emissions Create Jobs How to make Australia energy efficient The Energy Efficiency Council is the peak body for companies that provide energy efficiency services and products to business and government. Together‚ Australia’s top efficiency experts have developed a set of policies that would transform Australia into a competitive‚ low-carbon economy. Key sectors for action Industry The top 200 companies in Australia
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24‚ 2011 Energy Efficiency There are various sources of energy available for use. However‚ energy is a limited and sparse resource that is not in abundance at all places. There is an ever rising need for more energy‚ but the energy supply and resources are limited. As a result‚ people have to develop means that can enable them to survive with the small amount of energy that is available. The proper and sustainable use of energy is known as energy efficiency. Efficiency is attained through
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Energy Efficiency Policy Planning & Development in India. By H.R. Raja Kumar AEE‚ BESCOM Bangalore‚ India. 1 Scope for Energy Efficiency and Conservation • There is scope to save 23% of Energy by conservation or Energy efficiency i.e‚ 125 BUs or 23000 MW. • Energy saving potential in some identified industries is Iron & Steel - 10% Sugar 20% Fertilizer 15% Petrochemical 15% Textile 25% Glass & Ceramics 20% Cement 15% Refineries 10% Paper 25% Pump sets 30% Aluminum10% Lighting 76% 2
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