Economic Efficiency in Practice

  • Peter Eichhorn
  • Ian Towers
Part of the Springer Texts in Business and Economics book series (STBE)


This chapter is concerned with how to apply the concepts of economic efficiency and effectiveness in practice. Various areas of activity are discussed—procurement, transport, inventory management, manufacturing, administration and marketing—and in each case ways in which business entities can carry out the activities in an economically efficient way are described, and the appropriate tools are presented. The chapter additionally pays particular attention to the ecological environment and describes the circular economy, an approach to doing business that makes the production and consumption of goods part of a cycle.

Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Peter Eichhorn
    • 1
  • Ian Towers
    • 2
  1. 1.OPINIO ForschungsinstitutMannheimGermany
  2. 2.SRH Hochschule BerlinBerlinGermany

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