allocative efficiency

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allocative efficiency

A measure of economic efficiency which weighs the benefit derived from a particular choice in the distribution of resources. Allocative efficiency perspective addresses the question of whether to perform or expand an activity.

allocative efficiency

(al′ŏ-kāt″ĭv)
In economics and sociology, the extent to which a product or a service, e.g., hemodialysis, is provided to an entire community, rather than just to a subgroup of that community.
References in periodicals archive ?
CES also examined an unbounded optimum allocation to produce a national total nonfarm employment estimate with the smallest sampling error.
KEY WORDS: optimum allocation analysis, seed mussel stock assessment, seabed mapping
Survey data were analyzed by region as simple random samples, except British Columbia, where the sample design was stratified with optimum allocation of effort and could not be treated as a simple random sample.
The optimum allocation of assets needs an element of equities - and our model showed that a mix of 22 per cent equities, four per cent property, four per cent commodities and the remaining 70 per cent in bonds would survive as well as cash in a less forgiving economic environment.
What is the optimum allocation of responsibility between the Community, national and regional levels within a multi-level governance system?
For this reason, the idealized genetic gain formula cannot be used to determine the optimum allocation of resources for the first year yield evaluation.
Murray's responsibilities include developing litigation strategies; determining optimum allocation of personnel and budgetary resources; supervising the Division's ethics, personnel recruitment, training, and management programs; and overseeing its information technology, litigation support, and other administrative programs.
This put the balance squarely in favor of "competitive efficiency." Bergson requires a "test on efficiency, that is, on the ends according to which the optimum allocation of resources is to be defined" (Ibid., 236).
Neither of these alternatives may be satisfactory, but there are other choices that can be customized to match a corporation's strategic objectives for each property, taking into account future growth and the optimum allocation of corporate resources.
Here is one set of questions that can be used to sort out the optimum allocation of decision-making responsibility between board and staff.
Readers should realize that this is a subject that goes beyond our present task of criticizing the claim of optimum allocation of resources.
Appropriate cost modeling and the application of optimum allocation theory could yield less costly designs that would most likely favor more sampling from the larger schools.