Discover how efficiency variance reveals the gap between expected and actual inputs in production and its impact on labor, materials, and costs.

Productivity and efficiency analysis have gained substantial attention in many industries over the last two decades, and stochastic frontier analysis has been one of the most popular analytical ...

A quick Google search on the word efficient returns the following definition - achieving maximum productivity with minimum wasted effort or expense. I like to think of efficiency as a ratio, or ...

Optimizing an RTM process. The Rogowski coils (orange loops) in CTC’s portable energy recording unit (PERU, lower right) measure electrical current during resin transfer molding (RTM), enabling ...