Skip to main content
SpringerLink
Log in

An Investigation into the Notion of “Efficiency”

  • Conference paper
  • First Online:
Book cover Advances in Panel Data Analysis in Applied Economic Research (ICOAE 2017)

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

Included in the following conference series:

Abstract

In this work we make the research concerning the subject of defining the essence of the concepts “efficiency” and “efficiency of investment project.” We present and summarize the achieved result on the problem of evaluating the efficiency of investment projects before the carrying special survey. The research technique is the analysis of existing definitions, techniques, criteria, and parameters of the effectiveness evaluation (literary review). We analyzed a number of the most quoted sources from the Scopus database, and articles have been recently published and indexed in Scopus. Based on the analysis, we reveal the essence of the concept “efficiency,” being defined in the articles. As a result, the signs and definition of the “efficiency” concept are refined. Also the work helps to observe the tendency in the process of evaluating of investment projects efficiency which is realized in solving of an optimization problem simultaneously taking into consideration noneconomic and economic parameters. It is established that the criterion “energy efficiency,” as a special case of an economic criterion, is more relevant and used in the evaluation of investment projects.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Abdibekov, S. U., Bedelbayeva, A. E., Akhmetova, Z. S., Burnasheva, V. R., & Syzdykbayeva, N. B. (2014). Analysis and improvement of methods of management by investment risks. Life Science Journal, 11(1), 158–162.

    Google Scholar 

  • Belousov, M. V., Sirotkin, S. A., & Rakipov, D. F. (2014). Technical and economic peculiarities of magnesium production in Russia. Tsvetnye Metally, 6(1), 68–76.

    Google Scholar 

  • BenHajyoussef, A., Ezzedine, T., & Bouallègue, A. (2017). Gradient-based pre-processing for intra prediction in high efficiency video coding. Eurasip Journal on Image and Video Processing, 2017(1), 9. https://doi.org/10.1186/s13640-016-0159-9

  • Cagolov, N. A., Rumjancev, A. M., & Hachaturov, T. S. (1970). The course of political economy. T. 2: Socializm. Moscow: Jekonomika.

    Google Scholar 

  • Cai, C., Qiu, R., Jiang, X.-Q., & Xu, W. (2017). Adaptive wireless transmission strategy for maximizing energy efficiency. EURASIP Journal on Wireless Communications and Networking, 2017(1), 20. https://doi.org/10.1186/s13638-017-0807-5

  • Charnes, A., Cooper, W. W., & Rhodes, E. (1978). Measuring the efficiency of decision making units. European Journal of Operational Research, 2(6), 429. https://doi.org/10.1016/0377-2217(78)90138-8

    Article  Google Scholar 

  • Chen, H., & Zhao, F. (2017). A hybrid half-duplex/full-duplex transmission scheme in relay-aided cellular networks. EURASIP Journal on Wireless Communications and Networking, 2017, 1. https://doi.org/10.1186/s13638-016-0795-x

  • Chistov, L. M. (2005). The theory of efficient management of socio-economic systems. SPb.: Asterion.

    Google Scholar 

  • Definition of “efficiency”. Collins Dictionary. (n.d.). Retrieved March 4, 2017, from https://www.collinsdictionary.com/dictionary/english/efficiency

  • Emelichev, V., & Karelkina, O. (2015). Stability radius bounds in multicriteria markowitz portfolio problem with venturesome investor criteria. Buletinul Academiei de Stiinte a Republicii Moldova. Matematica, 77(1), 83–94.

    Google Scholar 

  • Gibson, D. L., Ivancevich, D. M., & Donnelli, D. H. (2000). Organizations: Behavior, structure, processes (8th ed.). Moscow: INFRA-M. Retrieved from http://znanium.com/go.php?id=417454

  • Gizatullin, H. N. (2003). On the problem of the creation of enterprise management systems in transition economies. In Proceedings of the all-Russian symposium on economic theory (pp. 31–44). Ekaterinburg: Institute of Economics of UB RAS.

    Google Scholar 

  • Grynkiewicz, G., Poenie, M., & Tsien, R. Y. (1985). A new generation of Ca2+ indicators with greatly improved fluorescence properties. Journal of Biological Chemistry, 260(6), 3440.

    Google Scholar 

  • Guo, S.-Y., & Si, Q. (2017). Embedded protocols based on the crowd petri networks and opportunistic bandwidth allocation. EURASIP Journal on Embedded Systems, 2017(1), 17. https://doi.org/10.1186/s13639-016-0068-0

  • Khasanova, A. S., Kvon, G. M., Yakupova, N. M., Khamidullin, F. F., & Samysheva, E. Y. (2015). Assessment of efficiency of capital investment project implementation of resource-saving technology for the real sector of the economy in Tatarstan Republic. Mediterranean Journal of Social Sciences, 6(2), S3. https://doi.org/10.5901/mjss.2015.v6n2s3p155

  • Klimchik, A., Ambiehl, A., Garnier, S., Furet, B., & Pashkevich, A. (2017). Efficiency evaluation of robots in machining applications using industrial performance measure. Robotics and Computer-Integrated Manufacturing, 48, 12. https://doi.org/10.1016/j.rcim.2016.12.005

    Article  Google Scholar 

  • Kosov, V. V., Livshic, V. N., & Shahnazarova, A. G. (2000). Metodicheskie rekomendacii po ocenke jeffektivnosti investicionnyh proektov [methodical recommendations according to efficiency of investment projects] (2nd ed.). Moscow: Jekonomika.

    Google Scholar 

  • Kresse, G., & Furthmüller, J. (1996). Efficiency of ab-initio total energy calculations for metals and semiconductors using a plane-wave basis set. Computational Materials Science, 6(1), 15. https://doi.org/10.1016/0927-0256(96)00008-0

  • Kresse, G., & Joubert, D. (1999). From ultrasoft pseudopotentials to the projector augmented-wave method. Physical Review B: Condensed Matter and Materials Physics, 59(3), 1758–1775.

    Google Scholar 

  • Kudryavtseva, T. J., & Kuporov, J. J. (2015). Evaluation of social and economic efficiency of investments in public utility services. Asian Social Science, 11(19), 151–158. https://doi.org/10.5539/ass.v11n19p151

  • Kvon, G. M., Khamidullin, F. F., Samysheva, E. Y., Vaks, V. B., & Mararov, N. V. (2016). Methods of evaluating the efficiency of energy saving projects with taking risks into account. International Journal of Environmental and Science Education, 11(15), 7441.

    Google Scholar 

  • Makara, A., Smol, M., Kulczycka, J., & Kowalski, Z. (2016). Technological, environmental and economic assessment of sodium tripolyphosphate production – A case study. Journal of Cleaner Production, 133, 243. https://doi.org/10.1016/j.jclepro.2016.05.096

  • Novozhilov, V. V. (1972). Measurement problems the costs and results in optimal planning. Moscow: Nauka.

    Google Scholar 

  • O’Regan, B., & Grätzel, M. (1991). A low-cost, high-efficiency solar cell based on dye-sensitized colloidal TiO2 films. Nature, 353(6346), 737.

    Article  Google Scholar 

  • Pareto efficiency. (2017). Retrieved March 4, 2017, from https://en.wikipedia.org/wiki/Pareto_efficiency

  • Pfaffl, M. W. (2001). A new mathematical model for relative quantification in real-time RT-PCR. Nucleic Acids Research, 29(9), e45.

    Article  Google Scholar 

  • Pimenov, S. V. (2005). Problems of application of the theory of economic efficiency in the actual process of making investment decisions. Vestnik INZhJeKONa. «Jekonomika» [Bulletin of ENGECON. “Economics”], 4(9), 25–30.

    Google Scholar 

  • Platt, J. M., Keyes, K. M., & Galea, S. (2017). Efficiency or equity? Simulating the impact of high-risk and population intervention strategies for the prevention of disease. SSM – Population Health, 3, 1. https://doi.org/10.1016/j.ssmph.2016.11.002

    Article  Google Scholar 

  • Plimpton, S. (1995). Fast parallel algorithms for short-range molecular dynamics. Journal of Computational Physics, 117(1), 1. https://doi.org/10.1006/jcph.1995.1039

    Article  Google Scholar 

  • Puryaev, A. S. (2009). Theory and methodology compromise efficiency assessment of investment projects in mechanical engineering. Autoabstract of Doctoral Dissertation, 39. Retrieved from http://www.scopus.com/inward/record.url?eid=2-s2.0-84897642131&partnerID=tZOtx3y1

  • Puryaev, A. S. (2011). Compromise efficiency assessment of investment projects. Research and development. Saarbrücken: LAP LAMBERT Academic Publishing. Retrieved from http://www.scopus.com/inward/record.url?eid=2-s2.0-84897659371&partnerID=tZOtx3y1

  • Saitou, N., & Nei, M. (1987). The neighbor-joining method: A new method for reconstructing phylogenetic trees. Molecular Biology and Evolution, 4(4), 406.

    Google Scholar 

  • Sidorov, I. I. (2001). Logisticheskaja koncepcija upravlenija predprijatiem [Logistic concept of enterprise management]. SPb.: «Znanie».

    Google Scholar 

  • Starik, D. J. (1983). Economic efficiency of the equipment. Moscow: Mashinostroenie.

    Google Scholar 

  • Strumilin, S. G. (1958). About economic efficiency of the new equipment. Moscow: AN SSSR, VSNTO.

    Google Scholar 

  • Szymszal, J., Lis, T., Gajdzik, B., & Klis, J. (2014). Analysis of the possibility of using dynamic methods for assessment of investment projects in the domestic foundry industry. Archives of Foundry Engineering, 14(3), 103. https://doi.org/10.2478/afe-2014-0071

  • Tamura, K., Peterson, D., Peterson, N., Stecher, G., Nei, M., & Kumar, S. (2011). MEGA5: Molecular evolutionary genetics analysis using maximum likelihood, evolutionary distance, and maximum parsimony methods. Molecular Biology and Evolution, 28(10), 2731. https://doi.org/10.1093/molbev/msr121.

  • Tang, C. W., & Vanslyke, S. A. (1987). Organic electroluminescent diodes. Applied Physics Letters, 51(12), 913. https://doi.org/10.1063/1.98799

  • Tsushko, V. V. (2014). The influence of property rights protection on foreign direct investment inflow. Actual Problems of Economics, 156(6), 539–543.

    Google Scholar 

  • Xu, J., Wang, Z., Li, W., Zhang, X., He, D., & Xiao, X. (2017). Ag nanoparticles located on three-dimensional pine tree-like hierarchical TiO2 nanotube Array films as high-efficiency Plasmonic Photocatalysts. Nanoscale Research Letters, 12(1), 54. https://doi.org/10.1186/s11671-017-1834-1

  • Yan, X., Zhang, C., Wang, J., Zhang, X., & Ren, X. (2017). A high-efficiency Si nanowire Array/Perovskite hybrid solar cell. Nanoscale Research Letters, 12(1), 14. https://doi.org/10.1186/s11671-016-1785-y

  • Zavlin, P. N., Vasil’ev, A. V., & Knol’, A. I. (1995). Ocenka jekonomicheskoj jeffektivnosti investicionnyh proektov (sovremennye podhody) [Estimation of economic efficiency of investment projects (modern approaches)]. SPb: Nauka.

    Google Scholar 

  • Zenkovich, M. V., & Drevs, Y. G. (2015). An application of simulation for foundry plants investment projects estimation of efficiency. International Journal of Mathematical Models and Methods in Applied Sciences, 9(1), 99–104.

    Google Scholar 

  • Zhang, Z.-L., Li, J.-F., Wang, X.-L., Qin, J.-Q., Shi, W.-J., Liu, Y.-F., Gao HP Mao, Y.-L. (2017a). Enhancement of Perovskite solar cells efficiency using N-doped TiO2 Nanorod arrays as electron transfer layer. Nanoscale Research Letters, 12(1), 43. https://doi.org/10.1186/s11671-016-1811-0

  • Zhang, Z. L., Men, B. Q., Liu, Y. F., Gao, H. P., & Mao, Y. L. (2017b). Effects of precursor solution composition on the performance and I-V hysteresis of perovskite solar cells based on CH3NH3PbI3-xClx. Nanoscale Research Letters, 12(1), 84. https://doi.org/10.1186/s11671-017-1872-8

Download references

Author information

Authors and Affiliations

  1. Kazan Federal University, Kazan, Russia

    Aidar Puryaev

Authors
  1. Aidar Puryaev
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Aidar Puryaev .

Editor information

Editors and Affiliations

  1. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Nicholas Tsounis

  2. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Aspasia Vlachvei

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG, part of Springer Nature

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Puryaev, A. (2018). An Investigation into the Notion of “Efficiency”. In: Tsounis, N., Vlachvei, A. (eds) Advances in Panel Data Analysis in Applied Economic Research. ICOAE 2017. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-70055-7_13

Download citation

Publish with us

Policies and ethics

Search

Navigation