Allocative efficiency

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  • Large expenses associated with rice production and dependence on energy related inputs like fuel and fertilizer in particular compel rice producers to use management practices that are input efficient and result in least cost. This study uses data envelopment analysis (DEA) to calculate technical efficiency (TE), allocative efficiency (AE), and economic efficiency (EE) for rice production in Arkansas at the field level using data from 137 fields enrolled in the University of Arkansas, Rice Research Verification Program (RRVP) from 2005 to 2011.

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  • Learning outcome of this chapter 2: Identify the critical assumptions of the two-sector model, define what is meant by a Pareto-optimal allocation of resources; articulate the three conditions for a general equilibrium; distinguish between allocative efficiency, X-efficiency, and ‘dynamic’ efficiency (or economic growth); discuss the broad categories of market failure; explain the allocative, distributive, and stabilisation functions of government; distinguish between direct and indirect forms of government intervention.

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  • Measures the economic efficiency of the project: if net benefit is positive, the project is a more efficient allocation of resources than the alternative (the world “without” the project).

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  • The time required to reach other planets makes planetary surface exploration missions prime targets for automation. Sending rovers to other planets either instead of or together with people can also significantly reduce the danger and cost involved. Teams of rovers are both more fault tolerant (through redundancy) and more efficient (through parallelism) than single rovers if the rovers are coordinated well

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  • What our initial study did contemplate, however, was that support measures need to be flexible to fulfill the markets’ needs. A wide spectrum of financial intermediaries, active in microfinance in the EU (microfinance institutions, “MFIs”), has been developing, and the product range offered to them has to be sufficiently wide in order to meet their diverse needs and to enable them to provide efficient support to the final beneficiaries. Now, the roll-out of Progress Microfinance is well under way since end of 2010.

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  • Even to the casual observer it might appear that problems of market dominance and antitrust policy are almost daily in the news.

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  • Basic concepts of production function. Historical background and characteristics of different forms of production functions- linear, quadratic, square-root, Spillman, cubic, semi-log, Cobb-Douglas, trascedental, CES, VES and Leontief. Static and dynamic production functions and their applications. Frontier production functions. Dualities between production, cost and profit functions. Derivation of output supply and factor demand functions from production and profit functions. Optimisation and resource allocation. Multiple product relationships. Production possibility curves.

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  • Measurement of efficiency started with Farrell (1957) who, following Debreu (1951) and Koopmas (1951), proposed a division of efficiency into two components: technical efficiency, which represents a firm’s ability to produce a maximum level of output from a given level of inputs, and allocative efficiency, which is the ability of a firm to use inputs in optimal proportions, given their respective prices and available technology. The combination of these two measures yields the level of economic efficiency.

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  • After the large-scale disasters that we have witnessed in the recent past, it has become apparent that complex and coordinated emergency management systems are required for efficient and effective relief efforts. Such management systems can only be developed by involving many scientists and practitioners from multiple fields.

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  • The efficient management and sharing of the spectrum among the users is an important issue, frequency channels have to be reused as much as possible in order to support the many thousands of simultaneous call in any typical of mobile system. In cellular architecture, cell is serviced by a base station located at its center. A number of cells are linked to a mobile switching center which also acts as a gateway of the cellular network to

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  • In 2002, Shapouri et al. surveyed energy values and reported that fuel ethanol from corn produced about 34 percent more energy than it took to produce it. That figure was based on a weighted average of a 37-percent increase in energy from ethanol produced in dry mills and a 30-percent increase from wet mills. This value was revised in 2004 by updating energy estimates for corn production and yield, improving estimates of energy required to produce nitrogen fertilizer and energy estimates for seed corn, and using better methodologies for allocating energy for producing coprod- ucts.

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  • Although the overall technical efficiency of the system has increased considerably, mainly due to the introduction of output-based payment systems, allocative efficiency remains a problem. Considerable variations exist in service delivery both geographically and by specialization, and equity of access is far from being realized, a fact which is mirrored in differing health outcomes for different population groups.

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  • This chapter is devoted to the fundamentals of memory management. It begins by discussing how memory protection is implemented in the hardware by using special registers in the CPU. It then discusses how efficient use of memory is achieved by reusing memory released by a process while handling subsequent memory requests, and how techniques for fast memory allocation and deallocation may cause memory fragmentation.

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  • Chapter 2 - Resource utilization. In this chapter, the following content will be discussed: Đefinition of economics, central fact of economics, the four economic resources, opportunity cost, full employment, full production, productive and allocative efficiency, enabling the economy to grow, the law of increasing cost.

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  • This paper analyzes the role of the financial system for economic growth and stability, and addresses a number of core policy issues for financial sector reforms in emerging economies. The role of finance is studied in the context of a circuit model with interacting rational, forward- looking, and heterogeneous agents. Finance is shown to essentially complement the price system in coordinating decentralized intertemporal resource allocation choices from agents operating under limited information and incomplete trust.

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  • Understanding the current state of your storage infrastructure—what capacity you have, where it is located, who is using it, who is paying for it, how efficiently it is being used, and how well it is meeting SLAs—is fundamental to intelligently planning, provisioning, and managing storage. Buying and deploying storage as it is often done on a per-project basis— based on loose estimates of immediate and future required capacity, application requirements, and response times—typically results in over-purchasing of hardware and poor allocation of resources.

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  • Risk is the fundamental element that influences financial behavior. In its absence, the financial system necessary for efficient allocations of resources would be vastly simplified. In that world, only a few institutions and financial instruments would be needed, and the practice of finance would require relatively elementary analytical tools. But, of course, in the real world, risk is ubiquitous. Much of the structure of the financial system we see serves the function of the efficient distribution of risk....

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  • File System Structure File System Implementation Directory Implementation Allocation Methods Free-Space Management Efficiency and Performance Recovery Log-Structured File Systems NFS File-System Structure File structure Logical storage unit Collection of related information File system resides on secondary storage (disks). File system organized into layers. File control block – storage structure consisting of information about a file. Operating System Concepts 12.1 Silberschatz, Galvin and Gagne ©2002 Operating System Concepts 12.

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  • Tài liệu về kinh tế học pháp luật. Tài liệu bằng tiếng Anh, mời các bạn cùng tham khảo. Excursus: Coase Theorem: “In a world of zero transaction costs an efficient allocation of resource will ensue regardless of the initial distribution of resources.“

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  • Flight plan: • In this lesson we will review all the numerical data types offered by the MPLAB® C30 compiler. • We will learn how much memory the compiler allocates for the numerical variables and we will investigate the relative efficiency of the routines used to perform arithmetic operations by using the MPLAB • SIM Stopwatch as a basic profiling tool. This experience will help you choose the “right” numbers for your embedded-control application, understanding when and how to balance performance and memory resources, real-time constraints and complexity....

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