Increase of business development’s rates is closely connected with a possibility of the perceived and objective choice of the best way of a scenario among many possible alternatives. A necessary condition of such development is value increase of operational process output products in relation to the input products value.
However, the condition of added value obtaining only imposes the restriction on converting process. The desire to maximize the added value does not ensure the maximum benefit from the converting process because it is necessary
to consider what resources are needed for added value and what the process duration degree of such transformation is.
The operational process general characteristic that determines its competitiveness level is defined by the “efficiency” concept.
It is obvious that such issues as optimum control, acceptance of operational, tactical and strategic decisions can be solved only if the indicator which really indicates the best way of development of events is used as optimization criterion.
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http://journals.uran.ua/eejet/article/view/85453
17 Definition of efficiency indicator and study of its main function as an optimization criterion.pdf
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