Because hospitals receive a budget, efficiency in one department can compensate for inefficiency in another department.
Compare the comforts with budget airlines.
Second, we present a group-strategyproof cost sharing mechanism for the minimum makespan scheduling problem that is tight with respect to budget balance and efficiency.
Reducing delivery cost requires better utilization by delegating to lower cost lawyers, developing and sticking to budgets, boosting efficiency with technology, improving law practice process and deploying effective knowledge management.
With current pressure on budgets, these efficiency considerations should not be neglected in resource allocation decisions.
With budgets ever tighter, third-sector organisations need to look for cost efficiencies wherever possible.
Get some help with budgeting.
Steve Nelson, head of the Calhoun School in Manhattan, mused in a recent op-ed that charter schools "claim to operate with more efficiency, but their budgets are augmented by an infusion of capital from billionaire philanthropists and hedge fund managers who know a lot about PR and very little about education".
They claim to operate with more efficiency, but their budgets are augmented by an infusion of capital from billionaire philanthropists and hedge fund managers who know a lot about PR and very little about education.
The clinic was run, with cutthroat efficiency on a shoestring budget, by a sixtysomething nurse who had worked there most of her life.
The government says most of the cuts to local authority budgets can be met with "efficiency savings", invisible, painless bits of internal restructuring.
