Reprinted from Journal of Quantitative Economics Vol. 5 No. 2‚ July 2007‚ page 95-115 DETERMINANTS OF COST EFFICIENCY OF PUBLIC AND PRIVATE HOSPITALS OF KARNATAKA STATE IN INDIA MAATHAI K. MATHIYAZHAGAN1 Abstract The main objective of this paper is to analyze the determinants of cost efficiency of public and private hospitals of Karnataka State in India. This is estimated through the parametric (stochastic frontier) and nonparametric (data envelopment) methods by using the Hospitals Facility
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Economics Working Papers Department of Economics 11-1-2007 Technical Efficiency in the Indian Textiles Industry: A Nonparametric Analysis of Firm-Level Data Anup Kumar Bhandari Indian Statistical Institute‚ Kolkata Subhash C. Ray University of Connecticut Follow this and additional works at: http://digitalcommons.uconn.edu/econ_wpapers Recommended Citation Bhandari‚ Anup Kumar and Ray‚ Subhash C.‚ "Technical Efficiency in the Indian Textiles Industry: A Nonparametric Analysis of FirmLevel
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where it is only possible to make someone better off by making someone else worse off. A change is known as a Pareto improvement if it means that at least one consumer would be better off by the change and no consumer would be worse off. Pareto efficiency is extremely useful for economists; The First Welfare Theorem states that when producers and consumers both are price takers‚ the equilibrium allocation is always Pareto efficient. Hence‚ a competitive economy essentially will automatically’ allocate
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management approach. CASE SUMMARY The Morning Star Company was founded as a trucking company hauling tomatoes and peaches from farms to processing facilities. Morning Star Company manages the company by following a. Field to Factory Freshness and Efficiency b. Excellent Customer Services c. Cost Effectiveness and d. Single Product Line Colleague Principles Each Morning Star Colleague commits to the following: 1. Mission. 2. Individual Goals and Teamwork. 3. Personal Responsibility and Initiative. 4
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the results gathered‚ the values of air flow‚ power output and efficiencies are calculated. Three graphs representing the relationship between the performance of the air compressor and the pressure‚ represented by the air flow‚ the power output and the efficiencies are also plotted. From the graphs we can see that the discharge pressure‚ isothermal efficiency‚ T and isentropic efficiency‚ S increases whereas the volumetric efficiency and vol decreases. The errors will be discussed later. INTRODUCTION:
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Effectiveness x Efficiency = Results. The above formula which is usually used for high performance always baffled me. I often get confused with both the terms as to what these words mean & hence extremely curious enough to know as to what these words actually mean in management parlance. After going through some of the texts‚ books I could really gather what these words stands for and what is the exact meaning of this particular word in the context of the management. If both these words are understood
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Efficiency: Some variation form the industry averages is evident‚ but this may simply reflect seasonal sales fluctuations. The efficiency of JB Hi Fi Ltd Company includes inventory turnover‚ debtors turnover and creditors turnover. Inventory turnover is the measure and evaluate corporate buy stock‚ production‚ selling back the status of the comprehensive management indicators. In 2009 and 2010‚ JB Company has inventory turnover 65days and 57days respectively. And Harvey Norman Company has 91 days
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Cross-cultural studies in the social sciences[edit] Main article: cross-cultural studies The term "cross-cultural" emerged in the social sciences in the 1930s‚ largely as a result of the Cross-Cultural Survey undertaken by George Peter Murdock‚ a Yale anthropologist. Initially referring to comparative studies based on statistical compilations of cultural data‚ the term gradually acquired a secondary sense of cultural interactivity. The comparative sense is implied in phrases such as "a cross-cultural
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available material and human resources to achieve the organizations goals. Efficiency and effectiveness are both measures with which the performance of the organisation and in turn‚ the success of the manager can be determined. Although both factors are important for an organisation‚ focusing on one usually leads to a decline in the other. As mentioned by Chapman‚ Merritt and Norris (2000)‚ a manager must balance both the efficiency and effectiveness of their decisions. Therefore‚ in order for a manger
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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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