Benchmarking Economic Efficiency

Benchmarking Economic Efficiency Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Benchmarking Economic Efficiency book. This book definitely worth reading, it is an incredibly well-written.

Benchmarking Economic Efficiency

Jesús T. Pastor,Juan Aparicio,José L. Zofío
Benchmarking Economic Efficiency Book PDF

Author : Jesús T. Pastor,Juan Aparicio,José L. Zofío
Publisher : Springer Nature
Page : 662 pages
File Size : 54,7 Mb
Release : 2022-07-12
Category : Business & Economics
ISBN : 9783030843977

Get Book

Benchmarking Economic Efficiency by Jesús T. Pastor,Juan Aparicio,José L. Zofío Pdf

This book unifies and extends the definition and measurement of economic efficiency and its use as a real-life benchmarking technique for actual organizations. Analytically, the book relies on the economic theory of duality as guiding framework. Empirically, it shows how the alternative models can be implemented by way of Data Envelopment Analysis. An accompanying software programmed in the open-source Julia language is used to solve the models. The package is a self-contained set of functions that can be used for individual learning and instruction. The source code, associated documentation, and replication notebooks are available online. The book discusses the concept of economic efficiency at the firm level, comparing observed to optimal economic performance, and its decomposition according to technical and allocative criteria. Depending on the underlying technical efficiency measure, economic efficiency can be decomposed multiplicatively or additively. Part I of the book deals with the classic multiplicative approach that decomposes cost and revenue efficiency based on radial distance functions. Subsequently, the book examines how these partial approaches can be expanded to the notion of profitability efficiency, considering both the input and output dimensions of the firm, and relying on the generalized distance function for the measurement of technical efficiency. Part II is devoted to the recent additive framework related to the decomposition of economic inefficiency defined in terms of cost, revenue, and profit. The book presents economic models for the Russell and enhanced graph Russell measures, the weighted additive distance function, the directional distance function, the modified directional distance function, and the Hölder distance function. Each model is presented in a separate chapter. New approaches that qualify and generalize previous results are also introduced in the last chapters, including the reverse directional distance function and the general direct approach. The book concludes by highlighting the importance of benchmarking economic efficiency for all business stakeholders and recalling the main conclusions obtained from many years of research on this topic. The book offers different alternatives to measure economic efficiency based on a set of desirable properties and advises on the choice of specific economic efficiency models.

Performance Benchmarking

Peter Bogetoft
Performance Benchmarking Book PDF

Author : Peter Bogetoft
Publisher : Springer Science & Business Media
Page : 270 pages
File Size : 51,6 Mb
Release : 2013-01-04
Category : Business & Economics
ISBN : 9781461460435

Get Book

Performance Benchmarking by Peter Bogetoft Pdf

"In this book, Peter Bogetoft - THE expert on the theory and practice of benchmarking - provides an in–depth yet very accessible and readable explanation of the best way to do benchmarking, starting from the ground up." Rick Antle William S. Beinecke Professor of Accounting, Yale School of Management CFO, Compensation Valuation, Inc. "I highly recommend this well-written and comprehensive book on measuring and managing performance. Dr. Bogetoft summarizes the fundamental mathematical concepts in an elegant, intuitive, and understandable way." Jon A. Chilingerian Professor, Brandeis University and INSEAD "Bogetoft gives in his book Performance Benchmarking an excellent introduction to the methodological basis of benchmarking." Christian Parbøl Director, DONG Energy "This book is the primer on benchmarking for performance management." Albert Birck Business Performance Manager, Maersk Oil "This excellent book provides a non technical introduction for performance management." Misja Mikkers, Director, Dutch Health Care Authority "With this very well written and comprehensive introduction to the many facets of benchmarking in hand, organizations have no excuse for not applying the best and cost effective benchmarking methods in their performance assessments." Stig P. Christensen Senior R&D Director, COWI

Benchmarking for Performance Evaluation

Subhash C. Ray,Subal C. Kumbhakar,Pami Dua
Benchmarking for Performance Evaluation Book PDF

Author : Subhash C. Ray,Subal C. Kumbhakar,Pami Dua
Publisher : Springer
Page : 292 pages
File Size : 41,8 Mb
Release : 2015-03-25
Category : Business & Economics
ISBN : 9788132222538

Get Book

Benchmarking for Performance Evaluation by Subhash C. Ray,Subal C. Kumbhakar,Pami Dua Pdf

This book provides a detailed introduction to the theoretical and methodological foundations of production efficiency analysis using benchmarking. Two of the more popular methods of efficiency evaluation are Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA), both of which are based on the concept of a production possibility set and its frontier. Depending on the assumed objectives of the decision-making unit, a Production, Cost, or Profit Frontier is constructed from observed data on input and output quantities and prices. While SFA uses different maximum likelihood estimation techniques to estimate a parametric frontier, DEA relies on mathematical programming to create a nonparametric frontier. Yet another alternative is the Convex Nonparametric Frontier, which is based on the assumed convexity of the production possibility set and creates a piecewise linear frontier consisting of a number of tangent hyper planes. Three of the papers in this volume provide a detailed and relatively easy to follow exposition of the underlying theory from neoclassical production economics and offer step-by-step instructions on the appropriate model to apply in different contexts and how to implement them. Of particular appeal are the instructions on (i) how to write the codes for different SFA models on STATA, (ii) how to write a VBA Macro for repetitive solution of the DEA problem for each production unit on Excel Solver, and (iii) how to write the codes for the Nonparametric Convex Frontier estimation. The three other papers in the volume are primarily theoretical and will be of interest to PhD students and researchers hoping to make methodological and conceptual contributions to the field of nonparametric efficiency analysis.

The Economics of Benchmarking

Thijs ten Raa
The Economics of Benchmarking Book PDF

Author : Thijs ten Raa
Publisher : Red Globe Press
Page : 136 pages
File Size : 51,6 Mb
Release : 2009
Category : Business & Economics
ISBN : IND:30000122566296

Get Book

The Economics of Benchmarking by Thijs ten Raa Pdf

The author presents the techniques and theory of benchmarking to explain how performance indices and rankings are developed and used to improve efficiency, productivity and profitability. The only software required is Microsoft Excel.

Benchmarking with DEA, SFA, and R

Peter Bogetoft,Lars Otto
Benchmarking with DEA SFA and R Book PDF

Author : Peter Bogetoft,Lars Otto
Publisher : Springer Science & Business Media
Page : 362 pages
File Size : 55,7 Mb
Release : 2010-11-19
Category : Business & Economics
ISBN : 9781441979612

Get Book

Benchmarking with DEA, SFA, and R by Peter Bogetoft,Lars Otto Pdf

This book covers recent advances in efficiency evaluations, most notably Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) methods. It introduces the underlying theories, shows how to make the relevant calculations and discusses applications. The aim is to make the reader aware of the pros and cons of the different methods and to show how to use these methods in both standard and non-standard cases. Several software packages have been developed to solve some of the most common DEA and SFA models. This book relies on R, a free, open source software environment for statistical computing and graphics. This enables the reader to solve not only standard problems, but also many other problem variants. Using R, one can focus on understanding the context and developing a good model. One is not restricted to predefined model variants and to a one-size-fits-all approach. To facilitate the use of R, the authors have developed an R package called Benchmarking, which implements the main methods within both DEA and SFA. The book uses mathematical formulations of models and assumptions, but it de-emphasizes the formal proofs - in part by placing them in appendices -- or by referring to the original sources. Moreover, the book emphasizes the usage of the theories and the interpretations of the mathematical formulations. It includes a series of small examples, graphical illustrations, simple extensions and questions to think about. Also, it combines the formal models with less formal economic and organizational thinking. Last but not least it discusses some larger applications with significant practical impacts, including the design of benchmarking-based regulations of energy companies in different European countries, and the development of merger control programs for competition authorities.

Stochastic Benchmarking

Alireza Amirteimoori,Biresh K. Sahoo,Vincent Charles,Saber Mehdizadeh
Stochastic Benchmarking Book PDF

Author : Alireza Amirteimoori,Biresh K. Sahoo,Vincent Charles,Saber Mehdizadeh
Publisher : Springer Nature
Page : 154 pages
File Size : 47,8 Mb
Release : 2021-12-11
Category : Business & Economics
ISBN : 9783030898694

Get Book

Stochastic Benchmarking by Alireza Amirteimoori,Biresh K. Sahoo,Vincent Charles,Saber Mehdizadeh Pdf

This book introduces readers to benchmarking techniques in the stochastic environment, primarily stochastic data envelopment analysis (DEA), and provides stochastic models in DEA for the possibility of variations in inputs and outputs. It focuses on the application of theories and interpretations of the mathematical programs, which are combined with economic and organizational thinking. The book’s main purpose is to shed light on the advantages of the different methods in deterministic and stochastic environments and thoroughly prepare readers to properly use these methods in various cases. Simple examples, along with graphical illustrations and real-world applications in industry, are provided for a better understanding. The models introduced here can be easily used in both theoretical and real-world evaluations. This book is intended for graduate and PhD students, advanced consultants, and practitioners with an interest in quantitative performance evaluation.

Advanced Mathematical Methods for Economic Efficiency Analysis

Pedro Macedo,Victor Moutinho,Mara Madaleno
Advanced Mathematical Methods for Economic Efficiency Analysis Book PDF

Author : Pedro Macedo,Victor Moutinho,Mara Madaleno
Publisher : Springer Nature
Page : 267 pages
File Size : 48,5 Mb
Release : 2023-06-21
Category : Business & Economics
ISBN : 9783031295836

Get Book

Advanced Mathematical Methods for Economic Efficiency Analysis by Pedro Macedo,Victor Moutinho,Mara Madaleno Pdf

Economic efficiency analysis has received considerable worldwide attention in the last few decades, with Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA) establishing themselves as the two dominant approaches in the literature. This book, by combining cutting-edge theoretical research on DEA and SFA with attractive real-world applications, offers a valuable asset for professors, students, researchers, and professionals working in all branches of economic efficiency analysis, as well as those concerned with the corresponding economic policies. The book is divided into three parts, the first of which is devoted to basic concepts, making the content self-contained. The second is devoted to DEA, and the third to SFA. The topics covered in Part 2 range from stochastic DEA to multidirectional dynamic inefficiency analysis, including directional distance functions, the elimination and choice translating algorithm, benefit-of-the-doubt composite indicators, and internal benchmarking for efficiency evaluations. Part 3 also includes exciting and cutting-edge theoretical research on e.g. robustness, nonparametric stochastic frontier models, hierarchical panel data models, and estimation methods like corrected ordinary least squares and maximum entropy.

Efficiency in the Public Sector

Kevin J. Fox
Efficiency in the Public Sector Book PDF

Author : Kevin J. Fox
Publisher : Springer Science & Business Media
Page : 305 pages
File Size : 51,8 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9781475735925

Get Book

Efficiency in the Public Sector by Kevin J. Fox Pdf

Regardless of where we live, the management of the public sector impacts on our lives. Hence, we all have an interest, one way or another, in the achievement of efficiency and productivity improvements in the activities of the public sector. For a government agency that provides a public service, striving for unreasonable benchmark targets for efficiency may lead to a deterioration of service quality, along with an increase in stress and job dissatisfaction for public sector employees. Slack performance targets may lead to gross inefficiency, poor quality of service, and low self-esteem for employees. In the case of regulation, inappropriate policies can lead to unprecedented disasters. Examples include the decimation of fish stocks through mismanagement of fisheries, and power blackouts through inappropriate restrictions on electricity generators and distributors. Efficient taxation policies minimise the tax bill for citizens. In all of these cases, efficient management is required, although it is often unclear how to assess this efficiency. In this volume, several authors consider various aspects and contexts of performance measurement. Hence, this volume represents a unique collection of advances in efficiency assessment for the public sector by leading researchers in the field. Efficiency in the Public Sector is divided into two sections. The first is titled "Issues in Public Sector Efficiency Evaluation" and comprises of chapters 1-4. The second section is titled "Efficiency Analysis in the Public Sector - Advances in Theory and Practice." This division is somewhat arbitrary, in the sense there are significant overlapping themes in both sections. However, it serves to separate chapters that can be characterised as dealing with broader issues (Section I), from chapters that can be characterised as focusing on specific theoretical problems and empirical cases (Section II).

The Palgrave Handbook of Economic Performance Analysis

Thijs ten Raa,William H. Greene
The Palgrave Handbook of Economic Performance Analysis Book PDF

Author : Thijs ten Raa,William H. Greene
Publisher : Springer Nature
Page : 766 pages
File Size : 54,9 Mb
Release : 2019-12-13
Category : Business & Economics
ISBN : 9783030237271

Get Book

The Palgrave Handbook of Economic Performance Analysis by Thijs ten Raa,William H. Greene Pdf

This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models used in the performance assessment and the methodological approaches adopted by the analysis. The Palgrave Handbook of Performance Analysis discusses the two basic techniques of performance measurement – deterministic benchmarking and stochastic benchmarking – in detail, and addresses the statistical techniques that connect them. All chapters include applications and explore topics ranging from the output/input ratio to productivity indexes and national statistics.

Benchmarking Social Spending Using Efficiency Frontiers

Mr.Javier Kapsoli,Iulia Ruxandra Teodoru
Benchmarking Social Spending Using Efficiency Frontiers Book PDF

Author : Mr.Javier Kapsoli,Iulia Ruxandra Teodoru
Publisher : International Monetary Fund
Page : 26 pages
File Size : 50,9 Mb
Release : 2017-09-05
Category : Business & Economics
ISBN : 9781484315309

Get Book

Benchmarking Social Spending Using Efficiency Frontiers by Mr.Javier Kapsoli,Iulia Ruxandra Teodoru Pdf

Developing and low-income economies face the challenge of increasing public spending to address sizeable infrastructure and social gaps while simultaneously restoring the fiscal discipline weakened to countervail the effect of the global recession. Increasing the efficiency of social spending could be the key policy to address the dilemma as it allows the optimization of the existing resources by reducing spending inefficiencies. This paper quantifies the efficiency gap in the health and education sectors for a large sample of developing and emerging countries and proposes measures to reduce these gaps for the specific cases of El Salvador, Guatemala, and Honduras.

Benchmarking Infrastructure Using Public Investment Efficiency Frontiers

Mr. Javier Kapsoli,Ms. Tewodaj Mogues,Ms. Genevieve Verdier
Benchmarking Infrastructure Using Public Investment Efficiency Frontiers Book PDF

Author : Mr. Javier Kapsoli,Ms. Tewodaj Mogues,Ms. Genevieve Verdier
Publisher : International Monetary Fund
Page : 32 pages
File Size : 46,7 Mb
Release : 2023-05-12
Category : Business & Economics
ISBN : 9798400243196

Get Book

Benchmarking Infrastructure Using Public Investment Efficiency Frontiers by Mr. Javier Kapsoli,Ms. Tewodaj Mogues,Ms. Genevieve Verdier Pdf

With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure for many countries, particularly in the context of post-pandemic recovery and rising debt emanating from higher energy costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various methods—–stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA—this paper estimates efficiency scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency scores are relatively robust across methodologies and data used. A considerable efficiency gap exists: Removing all inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches—in particular, by 45 percent for advanced economies, 54 percent for emerging countries, and 65 percent for low income countries. Infrastructure output would increase by a still-sizeable 30 percent if instead of eliminating all efficiency, countries achieved the efficiency level of their income group’s 90th percentile.

Benchmarking

Bengt Karlöf,Svante Östblom
Benchmarking Book PDF

Author : Bengt Karlöf,Svante Östblom
Publisher : John Wiley & Sons
Page : 216 pages
File Size : 55,8 Mb
Release : 1993
Category : Business & Economics
ISBN : IND:30000035383441

Get Book

Benchmarking by Bengt Karlöf,Svante Östblom Pdf

This is an introduction to a systematic process whereby business managers can compare the efficiency of their own companies, in terms of productivity, quality and practices, with that of other organizations.

Driving Your Company's Value

Michael J. Mard,Robert R. Dunne,Edi Osborne,James S. Rigby, Jr.
Driving Your Company s Value Book PDF

Author : Michael J. Mard,Robert R. Dunne,Edi Osborne,James S. Rigby, Jr.
Publisher : John Wiley & Sons
Page : 193 pages
File Size : 42,9 Mb
Release : 2005-01-03
Category : Business & Economics
ISBN : 9780471708865

Get Book

Driving Your Company's Value by Michael J. Mard,Robert R. Dunne,Edi Osborne,James S. Rigby, Jr. Pdf

Driving Your Company's Value: Strategic Benchmarking for Value is astep-by-step book presenting a valuation-oriented methodology thathelps companies maximize shareholder value. It offers clear,concise, and concrete methods for management to create and preservevalue, complete with case study applications. In an easy-to-readformat, it brings together the aspects of the Financial AccountingStandards Boards' new performance measurements, the balancedscorecard, and the new guidelines on fraud detection and ExtensibleBusiness Reporting Language (XBRL). * Identifies the critical decisions that most effectuate growth andvalue. * Covers the easy and reliable ways to monitor value of anentity. * Demonstrates how management can apportion and allocate resourcesto achieve the highest value.

Benchmarking as a Foundation of the Future Economy

Berezin Artiom Andreevich
Benchmarking as a Foundation of the Future Economy Book PDF

Author : Berezin Artiom Andreevich
Publisher : Cambridge Scholars Publishing
Page : 164 pages
File Size : 48,5 Mb
Release : 2020-09-02
Category : Business & Economics
ISBN : 9781527559035

Get Book

Benchmarking as a Foundation of the Future Economy by Berezin Artiom Andreevich Pdf

This book explores how to increase the efficiency of decision-making for enterprise management and increase its competitiveness based on mathematical modeling of the benchmarking process, predictive modeling of the dynamics of economic performance indicators, and the synthesis and selection of development strategies using software tools. It argues that, instead of mutually devouring competition, which is common in the modern world, the model of friendly cooperative benchmarking on the principle of ‘win-win’ is proposed for consideration. The advantage of this principle over the classic competitiveness one is proved through mathematical modeling and implementation of this approach in the activities of real companies, banks and industrial enterprises.

Quantitative Models for Performance Evaluation and Benchmarking

Joe Zhu
Quantitative Models for Performance Evaluation and Benchmarking Book PDF

Author : Joe Zhu
Publisher : Springer Science & Business Media
Page : 336 pages
File Size : 42,8 Mb
Release : 2008-10-20
Category : Business & Economics
ISBN : 9780387859828

Get Book

Quantitative Models for Performance Evaluation and Benchmarking by Joe Zhu Pdf

Managers are often under great pressure to improve the performance of their organizations. To improve performance, one needs to constantly evaluate operations or processes related to producing products, providing services, and marketing and selling products. Performance evaluation and benchmarking are a widely used method to identify and adopt best practices as a means to improve performance and increase productivity, and are particularly valuable when no objective or engineered standard is available to define efficient and effective performance. For this reason, benchmarking is often used in managing service operations, because service standards (benchmarks) are more difficult to define than manufacturing standards. Benchmarks can be established but they are somewhat limited as they work with single measurements one at a time. It is difficult to evaluate an organization’s performance when there are multiple inputs and outputs to the system. The difficulties are further enhanced when the relationships between the inputs and the outputs are complex and involve unknown tradeoffs. It is critical to show benchmarks where multiple measurements exist. The current book introduces the methodology of data envelopment analysis (DEA) and its uses in performance evaluation and benchmarking under the context of multiple performance measures.