Fund effectiveness

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The Fund effectiveness referred to in the GDR the effectiveness of the reproduction process used funds , in particular the production and circulation of funds . The fund efficiency was expressed in different ratios, in particular in the fund rate , the funds intensity and the fund profitability .

Important indicators

An important indicator of the fund effectiveness in the branches and companies of the economy was the fund profitability, because it included the fund quota or the fund intensity as one of its factors. The production and fund ratios required to calculate fund effectiveness were recorded annually. The key figures of the fund effectiveness, in particular the fund quota and the basic fund quota , were calculated centrally according to the division structure according to the operating system .

According to the prevailing view in the GDR, the effectiveness of funds gained increasing importance with the scientific and technical progress for increasing the effectiveness of the economy. After that, with the progressive introduction of productive technological processes, the production result (as production volume in the unit of time, quality and cost of production) was determined more and more directly by the technical-economic parameters of the production facilities; The living work (as qualification, sense of responsibility, etc.) should be realized more and more indirectly through the management activity and the temporal utilization of the facilities.

Under the conditions of predominantly intensively expanded reproduction and accelerating scientific and technical progress, increasing the effectiveness of the productive funds gained increasing importance. This connection resulted from the mechanization and automation of the work processes, during which the funds for the workforce were constantly increased.

The determining factors for the development of the fund effectiveness included:

  • the relationship between the value or the price of newly invested production funds and the technical and economic performance of the new plants
  • the rational substitution of labor by funds, in particular the acquisition of labor to the required extent for new production capacities to be taken into operation
  • the full extensive and intensive utilization of the basic resources , especially the highly productive plants and equipment, by increasing the workload on shifts and making full use of working hours
  • the timely weeding out of physically worn and technically obsolete production funds through effective equipment
  • increasing the level of maintenance and reducing repair times
  • the size of the production quantities, which was very much influenced by the extent of the specialization of production on a national scale and within the framework of the socialist international division of labor