Benchmarking With Dea Sfa And R

Author : Peter Bogetoft,Lars Otto
Publisher : Springer Science & Business Media
Page : 362 pages
File Size : 55,5 Mb
Release : 2010-11-19
Category : Business & Economics
ISBN : 9781441979612

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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.

Author : Subhash C. Ray,Subal C. Kumbhakar,Pami Dua
Publisher : Springer
Page : 292 pages
File Size : 46,8 Mb
Release : 2015-03-25
Category : Business & Economics
ISBN : 9788132222538

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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.

Author : William H. Greene,Lynda Khalaf,Robin Sickles,Michael Veall,Marcel-Cristian Voia
Publisher : Springer
Page : 331 pages
File Size : 50,8 Mb
Release : 2015-12-29
Category : Business & Economics
ISBN : 9783319232287

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Productivity and Efficiency Analysis by William H. Greene,Lynda Khalaf,Robin Sickles,Michael Veall,Marcel-Cristian Voia Pdf

This proceedings volume examines the state-of-the art of productivity and efficiency analysis and adds to the existing research by bringing together a selection of the best papers from the 8th North American Productivity Workshop (NAPW). It also aims to analyze world-wide perspectives on challenges that local economies and institutions may face when changes in productivity are observed. The volume comprises of seventeen papers that deal with productivity measurement, productivity growth, dynamics of productivity change, measures of labor productivity, measures of technical efficiency in different sectors, frontier analysis, measures of performance, industry instability and spillover effects. These papers are relevant to academia, but also to public and private sectors in terms of the challenges firms, financial institutions, governments and individuals may face when dealing with economic and education related activities that lead to increase or decrease of productivity. The North American Productivity Workshop brings together academic scholars and practitioners in the field of productivity and efficiency analysis from all over the world. It is a four day conference exploring topics related to productivity, production theory and efficiency measurement in economics, management science, operations research, public administration, and related fields. The papers in this volume also address general topics as health, energy, finance, agriculture, utilities, and economic dev elopment, among others. The editors are comprised of the 2014 local organizers, program committee members, and celebrated guest conference speakers.

Author : Subhash C. Ray,Robert G. Chambers,Subal C. Kumbhakar
Publisher : Springer Nature
Page : 1797 pages
File Size : 49,9 Mb
Release : 2022-06-02
Category : Business & Economics
ISBN : 9789811034558

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Handbook of Production Economics by Subhash C. Ray,Robert G. Chambers,Subal C. Kumbhakar Pdf

This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Author : Andreas Behr
Publisher : Springer
Page : 227 pages
File Size : 52,7 Mb
Release : 2016-01-09
Category : Business & Economics
ISBN : 9783319205021

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Production and Efficiency Analysis with R by Andreas Behr Pdf

This textbook introduces essential topics and techniques in production and efficiency analysis and shows how to apply these methods using the statistical software R. Numerous small simulations lead to a deeper understanding of random processes assumed in the models and of the behavior of estimation techniques. Step-by-step programming provides an understanding of advanced approaches such as stochastic frontier analysis and stochastic data envelopment analysis. The text is intended for master students interested in empirical production and efficiency analysis. Readers are assumed to have a general background in production economics and econometrics, typically taught in introductory microeconomics and econometrics courses.

Author : Shiuh-Nan Hwang,Hsuan-Shih Lee,Joe Zhu
Publisher : Springer
Page : 506 pages
File Size : 54,7 Mb
Release : 2016-07-01
Category : Business & Economics
ISBN : 9781489977052

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Handbook of Operations Analytics Using Data Envelopment Analysis by Shiuh-Nan Hwang,Hsuan-Shih Lee,Joe Zhu Pdf

This handbook focuses on Data Envelopment Analysis (DEA) applications in operations analytics which are fundamental tools and techniques for improving operation functions and attaining long-term competitiveness. In fact, the handbook demonstrates that DEA can be viewed as Data Envelopment Analytics. Chapters include a review of cross-efficiency evaluation; a case study on measuring the environmental performance of OECS countries; how to select a set of performance metrics in DEA with an application to American banks; a relational network model to take the operations of individual periods into account in measuring efficiencies; how the efficient frontier methods DEA and stochastic frontier analysis (SFA) can be used synergistically; and how to integrate DEA and multidimensional scaling. In other chapters, authors construct a dynamic three-stage network DEA model; a bootstrapping based methodology to evaluate returns to scale and convexity assumptions in DEA; hybridizing DEA and cooperative games; using DEA to represent the production technology and directional distance functions to measure band performance; an input-specific Luenberger energy and environmental productivity indicator; and the issue of reference set by differentiating between the uniquely found reference set and the unary and maximal types of the reference set. Finally, additional chapters evaluate and compare the technological advancement observed in different hybrid electric vehicles (HEV) market segments over the past 15 years; radial measurement of efficiency for the production process possessing multi-components under different production technologies; issues around the use of accounting information in DEA; how to use DEA environmental assessment to establish corporate sustainability; a summary of research efforts on DEA environmental assessment applied to energy in the last 30 years; and an overview of DEA and how it can be utilized alone and with other techniques to investigate corporate environmental sustainability questions.

Author : Chiang Kao
Publisher : Springer
Page : 443 pages
File Size : 47,9 Mb
Release : 2016-08-23
Category : Business & Economics
ISBN : 9783319317182

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Network Data Envelopment Analysis by Chiang Kao Pdf

This book presents the underlying theory, model development, and applications of network Data Envelopment Analysis (DEA) in a systematic way. The field of network DEA extends and complements conventional DEA by considering not only inputs and outputs when measuring system efficiency, but also the internal structure of the system being analyzed. By analyzing the efficiency of individual internal components, and more particularly by studying the effects of relationships among components which are modeled and implemented by means of various network structures, the “network DEA” approach is able to help identify and manage the specific components that contribute inefficiencies into the overall systems. This relatively new approach comprises an important analytical tool based on mathematical programming techniques, with valuable implications to production and operations management. The existing models for measuring the efficiency of systems of specific network structures are also discussed, and the relationships between the system and component efficiencies are explored. This book should be able to inspire new research and new applications based on the current state of the art. Performance evaluation is an important task in management, and is needed to (i) better understand the past accomplishments of an organization and (ii) plan for its future development. However, this task becomes rather challenging when multiple performance metrics are involved. DEA is a powerful tool to cope with such issues. For systems or operations composed of interrelated processes, managers need to know how the performances of the various processes evaluated and how they are aggregated to form the overall performance of the system. This book provides an advanced exposition on performance evaluation of systems with network structures. It explores the network nature of most production and operation systems, and explains why network analyses are necessary.

Author : Boon L. Lee
Publisher : Elsevier
Page : 276 pages
File Size : 48,5 Mb
Release : 2023-02-24
Category : Technology & Engineering
ISBN : 9780128126974

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Productivity and Efficiency Measurement of Airlines by Boon L. Lee Pdf

In today’s competitive environment, airlines are doing everything they can to improve efficiency and productivity. Productivity and Efficiency Measurement of Airlines: Data Envelopment Analysis using R identifies and explains sources of airline efficiency and helps achieve these goals through the use of state-of-the-art measurement techniques. Each chapter measures airline performance through the data envelopment analysis (DEA) model and other DEA variants. This book thoroughly discusses topics such as cost and revenue efficiency performance, carbon emissions performance management, and complex airline data analysis, employing appropriate models for each. Model methodologies are also discussed. The in-depth coverage is useful for all audiences, including students with a basic understanding of models, researchers and airline operators and management. Productivity and Efficiency Measurement of Airlines: Data Envelopment Analysis using R provides R codes to help readers generate results and quantify efficient practices. These results provide airline decision-makers with the essential information they need to create better policies and avoid underperforming practices. Thoroughly summarizes key DEA measurement models for productivity and efficiency ofairlines Guides users in generating airline performance results using DEA model and its variants Features R codes useful for generating empirical results, and best practices, promoting qualitypolicy and management decisions

Author : Timothy J. Coelli,Dodla Sai Prasada Rao,Christopher J. O'Donnell,George Edward Battese
Publisher : Springer Science & Business Media
Page : 376 pages
File Size : 52,5 Mb
Release : 2005-07-22
Category : Business & Economics
ISBN : 0387242651

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An Introduction to Efficiency and Productivity Analysis by Timothy J. Coelli,Dodla Sai Prasada Rao,Christopher J. O'Donnell,George Edward Battese Pdf

Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.

Author : Christopher J. O'Donnell
Publisher : Springer
Page : 418 pages
File Size : 46,5 Mb
Release : 2018-12-12
Category : Business & Economics
ISBN : 9789811329845

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Productivity and Efficiency Analysis by Christopher J. O'Donnell Pdf

This book provides a coherent description of the main concepts and statistical methods used to analyse economic performance. The focus is on measures of performance that are of practical relevance to policy makers. Most, if not all, of these measures can be viewed as measures of productivity and/or efficiency. Linking fields as diverse as index number theory, data envelopment analysis and stochastic frontier analysis, the book explains how to compute measures of input and output quantity change that are consistent with measurement theory. It then discusses ways in which meaningful measures of productivity change can be decomposed into measures of technical progress, environmental change, and different types of efficiency change. The book is aimed at graduate students, researchers, statisticians, accountants and economists working in universities, regulatory authorities, government departments and private firms. The book contains many numerical examples. Computer codes and datasets are available on a companion website.

Author : Subal C. Kumbhakar,Hung-jen Wang (ǂd),Alan P. Horncastle
Publisher : Cambridge University Press
Page : 375 pages
File Size : 49,9 Mb
Release : 2015-02-02
Category : Business & Economics
ISBN : 9781107029514

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A Practitioner's Guide to Stochastic Frontier Analysis Using Stata by Subal C. Kumbhakar,Hung-jen Wang (ǂd),Alan P. Horncastle Pdf

This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

Author : Nordiska Ministerrådet
Publisher : Nordic Council of Ministers
Page : 303 pages
File Size : 43,5 Mb
Release : 2011
Category : Economic policy
ISBN : 9789289322959

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Nordic Economic Policy Review by Nordiska Ministerrådet Pdf

Author : Jesús T. Pastor,Juan Aparicio,José L. Zofío
Publisher : Springer Nature
Page : 662 pages
File Size : 48,5 Mb
Release : 2022-07-12
Category : Business & Economics
ISBN : 9783030843977

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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.

Author : Timothy R. Anderson
Publisher : CRC Press
Page : 294 pages
File Size : 51,8 Mb
Release : 2022-07-05
Category : Technology & Engineering
ISBN : 9781000606898

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Optimization Modelling Using R by Timothy R. Anderson Pdf

This book covers using R for doing optimization, a key area of operations research, which has been applied to virtually every industry. The focus is on linear and mixed integer optimization. It uses an algebraic modeling approach for creating formulations that pairs naturally with an algebraic implementation in R. With the rapid rise of interest in data analytics, a data analytics platform is key. Working technology and business professionals need an awareness of the tools and language of data analysis. R reduces the barrier to entry for people to start using data analytics tools. Philosophically, the book emphasizes creating formulations before going into implementation. Algebraic representation allows for clear understanding and generalization of large applications, and writing formulations is necessary to explain and convey the modeling decisions made. Appendix A introduces R. Mathematics is used at the level of subscripts and summations Refreshers are provided in Appendix B. This book: • Provides and explains code so examples are relatively clear and self-contained. • Emphasizes creating algebraic formulations before implementing. • Focuses on application rather than algorithmic details. • Embodies the philosophy of reproducible research. • Uses open-source tools to ensure access to powerful optimization tools. • Promotes open-source: all materials are available on the author’s github repository. • Demonstrates common debugging practices with a troubleshooting emphasis specific to optimization modeling using R. • Provides code readers can adapt to their own applications . This book can be used for graduate and undergraduate courses for students without a background in optimization and with varying mathematical backgrounds.

Author : Kaoru Tone
Publisher : John Wiley & Sons
Page : 576 pages
File Size : 52,5 Mb
Release : 2017-04-12
Category : Mathematics
ISBN : 9781118946701

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Advances in DEA Theory and Applications by Kaoru Tone Pdf

A key resource and framework for assessing the performance of competing entities, including forecasting models Advances in DEA Theory and Applications provides a much-needed framework for assessing the performance of competing entities with special emphasis on forecasting models. It helps readers to determine the most appropriate methodology in order to make the most accurate decisions for implementation. Written by a noted expert in the field, this text provides a review of the latest advances in DEA theory and applications to the field of forecasting. Designed for use by anyone involved in research in the field of forecasting or in another application area where forecasting drives decision making, this text can be applied to a wide range of contexts, including education, health care, banking, armed forces, auditing, market research, retail outlets, organizational effectiveness, transportation, public housing, and manufacturing. This vital resource: Explores the latest developments in DEA frameworks for the performance evaluation of entities such as public or private organizational branches or departments, economic sectors, technologies, and stocks Presents a novel area of application for DEA; namely, the performance evaluation of forecasting models Promotes the use of DEA to assess the performance of forecasting models in a wide area of applications Provides rich, detailed examples and case studies Advances in DEA Theory and Applications includes information on a balanced benchmarking tool that is designed to help organizations examine their assumptions about their productivity and performance.