Efficiency metrics,which emphasize price,may lead to behavior that drives up total cost of ownership.

Question

Quizplus · Accepted Answer

Efficiency metrics that focus solely on price may encourage behaviors such as using low-quality materials, skipping necessary maintenance or cutting corners on safety measures to reduce immediate costs, leading to increased costs in the long run. This is often referred to as the "paradox of efficiency." Therefore, while price is an important factor to consider, it should not be the sole metric for measuring efficiency.

Efficiency Metrics,which Emphasize Price,may Lead to Behavior That Drives Up