This paper studies fitness inheritance as an efficiency enhancement technique for genetic and evolutionary algorithms. Convergence and population-sizing models are derived and compared with experimental results. These models are optimized for greatest speed-up and the optimal inheritance proportion to obtain such a speed-up is derived. Results on OneMax problems show that when the inheritance effects are considered in the population-sizing model, the number of function evaluations are reduced by 20% with the use of fitness inheritance. Results indicate that for a fixed population size, the number of function evaluations can be reduced by 70% using a simple fitness inheritance technique.