However, public hospitals also got the lowest mean technical efficiency scores (27.4%), implying they have some of the most inefficient hospitals.
However, some public hospitals also got the lowest individual mean technical efficiency scores of 27.4%, implying they have some of the most inefficient hospitals.
The adjective "mechanical," when applied to a musical performance, often implies technical perfection without artistry.
The weights are specific to each unit so that 0 ≤ "role-substitutive model" ≤ 1 and a value of unity implies complete technical efficiency relative to the other models under scrutiny.
A hospital is considered to be technically efficient if it scores one, implying 100% relative technical efficiency, whereas a score of less than one implies that it is relatively technically inefficient, compared to peers in its efficiency reference set.
The estimated γ is significant (for α = 0.01) and this implies that differences in technical efficiency among firms are relevant for explaining variations in output in the sample (more than 80% of the variability on the whole).
Achieving technical efficiency does not necessary imply allocative efficiency will be met.
In addition, Venice, Bar, Ploce and Durres are found to have VRS efficiency score equal to unity, which implies that they operate optimally in terms of pure technical efficiency (or they optimally manage their existing resources), but the deficit in scale efficiency (<1) results in a loss of total technical efficiency (CRS efficiency score <1).
In other words, when analysed the pure technical efficiency, this seaport is efficient but in terms of overall technical efficiency (pure technical efficiency and scale efficiency) this seaport is inefficient.
After decomposing into VRS technical efficiency and scale efficiency, clear trends emerged, implying that both types of efficiency should be estimated before conclusions are drawn.
