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On the effectiveness and efficiency in various sectors of economic activity

https://doi.org/10.17073/2072-1633-2015-1-140-145

Abstract

The article investigates the application of the terms «efficiency» and «effectiveness» for the assessment of industrial production and technological processes. It is common in this country to use the term «efficiency» without clear separation the achievement of objectives (effectiveness) and resources expended (efficiency). Such an approach make it difficult to identify possible inconsistencies arising when performing the processes and carrying out the necessary corrective or preventive actions, especially true in public institutions. The active policy of import substitution and development of innovative economy in our country will necessarily require the introduction of common
approaches in the evaluation of progress and in comparisons between different sectors and countries.It is strongly recommended to apply these concepts in accordance with the standard GOST ISO 9000–2011.

About the Authors

V. P. Solov'ev
Stary Oskol A.A. Ugarov Technological Institute NUST «MISIS»
Russian Federation

Candidate of technical Sciences, Professor,

Belgorod region, 309516 Stary Oskol,. Makarenko district, 42, Russia



T. A. Pereskokova
Stary Oskol A.A. Ugarov Technological Institute NUST «MISIS»
Russian Federation

Candidate of pedagogical Sciences, associate Professor,

Belgorod region, 309516 Stary Oskol,. Makarenko district, 42, Russia



E. Yu. Shagaeva
Oskol Electrometallurgical Combine
Russian Federation

Candidate of pedagogical Sciences, Chief of department,

Belgorod region, 309515 Stari Oskol, Oskol – 15.



References

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Review

For citations:


Solov'ev V.P., Pereskokova T.A., Shagaeva E.Yu. On the effectiveness and efficiency in various sectors of economic activity. Russian Journal of Industrial Economics. 2015;(1):140-145. (In Russ.) https://doi.org/10.17073/2072-1633-2015-1-140-145

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ISSN 2072-1633 (Print)
ISSN 2413-662X (Online)