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The efficiency ratio indicates the expenses as a percentage of revenue (expenses / revenue), with a few variations – it is essentially how much a corporation or individual spends to make a dollar; entities are supposed to attempt minimizing efficiency ratios (reducing expenses and increasing earnings). The concept typically applies to banks.
The energy efficiency ratio (EER) of a particular cooling device is the ratio of output cooling energy (in BTUs) to input electrical energy (in watt-hours) at a given operating point. EER is generally calculated using a 95 °F (35 °C) outside temperature and an inside (actually return-air) temperature of 80 °F (27 °C) and 50% relative humidity.
Efficiency is very often confused with effectiveness. In general, efficiency is a measurable concept, quantitatively determined by the ratio of useful output to total useful input. Effectiveness is the simpler concept of being able to achieve a desired result, which can be expressed quantitatively but does not usually require more complicated ...
Energy conversion efficiency (η) is the ratio between the useful output of an energy conversion machine and the input, in energy terms. The input, as well as the useful output may be chemical , electric power , mechanical work , light (radiation), or heat .
A realistic indication of energy efficiency over an entire year can be achieved by using seasonal COP or seasonal coefficient of performance (SCOP) for heat. Seasonal energy efficiency ratio (SEER) is mostly used for air conditioning. SCOP is a new methodology which gives a better indication of expected real-life performance of heat pump ...
The relative efficiency of two procedures is the ratio of their efficiencies, although often this concept is used where the comparison is made between a given procedure and a notional "best possible" procedure.
The efficiency of internal combustion engines depends on several factors, the most important of which is the expansion ratio. For any heat engine the work which can be extracted from it is proportional to the difference between the starting pressure and the ending pressure during the expansion phase.
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