productive efficiency


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Fig. 157 Productive efficiency. In the graph, which assumes a long-run AVERAGE COST CURVE that is U-shaped, plant size OA results in minimum cost. If plant sizes are suboptimal (OB), or if optimal-sized plants (OA) are underutilized because of a shortfall in demand (OX), then actual supply costs will be higher than attainable costs.

productive efficiency

an aspect of MARKET PERFORMANCE that denotes the efficiency of a market in producing current products at the lowest possible cost in the long run, using existing technology. Productive efficiency is achieved when output is produced in plants of optimal scale and when there is a long-run balance of market supply and demand. See Fig. 157 . See also MINIMUM EFFICIENT SCALE, TECHNOLOGICAL PROGRESSIVENESS, EXCESS CAPACITY, RATIONALIZATION.
References in periodicals archive ?
The market has rewarded not only productive efficiency but also sustainability, modern markets require an increasing focus on 'green' issues, emerging economies now demand productive plants with lower environmental impact and EFI Reggiani aims to meet our customers' requests.
Such a thought process moves away from the traditional maximisation of project savings and [tends towards] effective lifetime asset costing and productive efficiency of an asset for the benefit of future generations.
What is unique here is that Ortega's interest is focused on the repercussions of a highly technical instrumental context for architects, beyond the conventional fascination with formal prolificacy or the productive efficiency of digital tools.
Looking to the future, there are many opportunities to increase markets for our products, to drive innovation and new investment into our industry, to increase our productive efficiency, to up-skill our workforce and to establish new, simpler and more effective means of supporting farmers and land managers to deliver a range of benefits to society.
In order to obtain a high productive efficiency of peach trees, three systems of plant crown conduction (Central Leader, Y-shape and Vase) were compared regarding the efficiency of absorption of solar radiation in order to identify the system of conduction that provides greater absorption of solar radiation and its effects on the production of the 'Eldorado' and 'Jubileu' cultivars.
In turn, the right-eigenvector associated to such an eigenvalue indicates the importance of the economic sectors in terms of their influence over the level of productive efficiency of the system.
Talpeo main aim is to deliver accelerated time-to-market for new products and services, customer touch points, productive efficiency and expand to new dimension.
Oft-cited culprits include consumers who lack knowledge of or time to respond to the quality and price differences across providers, generous health insurance which insulates consumers from the direct financial consequences of their health care consumption decisions, and public sector reimbursement which provides little incentive for providers to achieve productive efficiency.
The papers here range from analytical modelling of a multi-agent monitoring problem to empirical and theoretical analysis for productive efficiency estimation.
They are as follows: weight gain, feed intake (obtained by the difference between total feed provided and leftovers collected at the end of each period, based on the average number of birds), feed conversion (calculated by dividing the total feed consumed by the weight gain, corrected for the weight of dead birds), viability (calculated by dividing the total chickens withdrawn by the chicks received, multiplied by 100), and productive efficiency index (PEI; calculated by multiplying the daily weight gain by viability, divided by the feed conversion, and multiplied by 100).