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efficiency

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effectiveness [3]

Definition

Efficiency is doing things right.

The efficiency of a course of action is usually measured either by --

  • its probability of producing an intended outcome when a specified amount of resources is used;
  • the amount of resources required to attain a specified probability of success; or
  • a function of resources and probability, such as ""expected cost.""

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[1] https://managingresearchlibrary.org/knowledge/blog/lexicon [2] https://managingresearchlibrary.org/about [3] https://managingresearchlibrary.org/glossary/effectiveness