Dynamic efficiency definition

Dynamic efficiency means that firms have the correct incentives to invest (eg in new infrastructure) and to innovate (eg to generate new products). Greater reliability and other quality improvements, and the creation of new products and services, are critically-linked to investment and innovation.
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Dynamic efficiency means that firms have the correct incentives to invest (e.g. in new infrastructure) and to innovate (e.g. to generate new products). Greater reliability and other quality improvements, and the creation of new products and services,
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Dynamic efficiency means a firm‟s ability to reduce its costs by implementing new production processes. It is concerned with optimal rate of innovation and investment to improve production processes to help reduce long-run average cost;
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Examples of Dynamic efficiency in a sentence

  • Dynamic efficiency incorporates efficiencies flowing from innovation leading to the development of new services, or improvements in production techniques.

  • Dynamic efficiency implies that the flow of surplus realized through the introduction of new products or processes over time, net of the cost of researching and developing these new products and processes, is at a maximum.

  • Dynamic efficiency therefore almost always requires a deviation from prices set at marginal cost.The differences between static and dynamic efficiency are the larger, the more important innovations and (other) specific investments, i.e. sunk costs, are and the higher the uncertainty associated with innovation and specific investments is.

  • This is achieved where the prices of resources reflect their underlying costs so that resources are then allocated to their highest valued uses (i.e. those that provided the greatest benefit relative to costs).• Dynamic efficiency.

  • Dynamic efficiency is concerned with ensuring allocative and productive efficiencies are sustained over time.

  • Dynamic efficiency therefore ensures that there is a linkage between demand forecast and current and future investment levels.

  • Dynamic efficiency in promoting innovation and responding economically to changing demand and supply patterns.

  • Dynamic efficiency relates to decisions made over time which result in improvements in productive efficiency.

  • Dynamic efficiency, or improving of social welfare through technological advancement, is the Holy Grail of antitrust policy.86 Dynamic efficiency is responsible for most economic growth and consumer welfare.87 Gains from rewarding innovation easily swamp static efficiency from increased price competition.88 The opposite is true: stifling innovation harms the economy more than stifling price competition.

  • Cabling shall be routed as high as possible and above other building facilities in the path with the least obstructions in the ceiling space while maintaining the separation requirements of TIA/EIA 568C1,2,3, TIA/EIA 569A, and NFPA 70 (NEC).

Related to Dynamic efficiency

  • Efficiency means the gas turbine manufacturer's rated heat rate at peak load in terms of heat input per unit of power output based on the lower heating value of the fuel.

  • Thermal efficiency means the useful electric energy output of a

  • Energy efficiency means the ratio of output of performance, service, goods or energy, to input of energy;

  • Energy efficiency measure means equipment, devices, or materials intended to decrease energy consumption, including, but not limited to, upgrades to a building envelope such as insulation and glazing; improvements in heating, ventilating and cooling systems; automated energy control systems; improved lighting, including daylighting; energy‑recovery systems; combined heat and power systems; or another utility cost‑savings measure approved by the governing body.

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • Productivity as defined in ORS 427.005 means:

  • high-efficiency cogeneration means cogeneration meeting the criteria laid down in Annex II;

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Transfer efficiency means the ratio of the amount of coating solids adhering to the object being coated to the total amount of coating solids used in the application process, expressed as a percentage.

  • Overall control efficiency means the efficiency of a control system, calculated as the product of the capture and control device efficiencies, expressed as a percentage.

  • Repeatability means the range of values within which the repeat results of cigarette test trials from a single laboratory will fall 95 percent of the time.

  • Energy efficiency project means an energy efficiency measure or combination of measures undertaken in accordance with a standard offer or market transformation program.

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • Interoperability means the ability of a Qwest OSS Function to process seamlessly (i.e., without any manual intervention) business transactions with CLEC's OSS application, and vice versa, by means of secure exchange of transaction data models that use data fields and usage rules that can be received and processed by the other Party to achieve the intended OSS Function and related response. (See also Electronic Bonding.)

  • Energy efficiency program means a program that reduces the total amount of electricity that is

  • Qualifying Energy Efficiency Measures (EEMs) means either (i) standard gas or electric EEMs (i.e., measures found on any of the Standard Initiative applications); or (ii) measures eligible under the Custom Initiative approved by Ameren Illinois; or (iii) measures found in the Streetlighting or Retro-commissioning Initiative as identified in official program materials found on the Ameren Illinois Energy Efficiency website. The following technologies are not Qualifying EEMs: (i) technologies that do not demonstrate measurable and verifiable energy savings, including power conditioning; (ii) technologies that displace electrical energy use or natural gas to another fuel (i.e. fuel switching); or (iii) renewable energy projects (solar, wind power, etc.). Eligible gas measures do not include propane or butane measures.

  • Energy efficiency improvement means equipment, devices, or materials intended to decrease energy consumption, including, but not limited to, all of the following:

  • FPS means the Facilities, Planning, and Safety Program within the Public Health Division of the Oregon Health Authority (OHA).

  • Stable means that a rating is not likely to change

  • Process weight means the total weight of all materials introduced into any source operation. Solid fuels charged will be considered as part of the process weight, but liquid and gaseous fuels and combustion air will not.

  • Silicone-based Multi-purpose Lubricant means any lubricant which is:

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Energy efficiency portfolio standard means a requirement to

  • Co-generation means the sequential production of electricity