Dynamic And Stochastic Efficiency Analysis

Dynamic And Stochastic Efficiency Analysis 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 Dynamic And Stochastic Efficiency Analysis book. This book definitely worth reading, it is an incredibly well-written.

Dynamic and Stochastic Efficiency Analysis

Jatikumar Sengupta
Dynamic and Stochastic Efficiency Analysis Book PDF

Author : Jatikumar Sengupta
Publisher : World Scientific
Page : 244 pages
File Size : 46,5 Mb
Release : 2000
Category : Business & Economics
ISBN : 9810242662

Get Book

Dynamic and Stochastic Efficiency Analysis by Jatikumar Sengupta Pdf

This book extends the dynamic and stochastic analysis of economic efficiency by using the recent techniques of data envelopment analysis.New results and applications of these techniques in numerous areas of economics, finance and management are provided, including treatment of private sector industries, portfolio models in finance, quality control techniques in managerial performance, the role of market competition, policy applications in investment models in finance, risk aversion and efficiency, and technology and innovation.The most up-to-date tools of efficiency analysis developed here will be valuable for students and researchers in operations research, applied management science and applied microeconomics.

Dynamics of Data Envelopment Analysis

Jati Sengupta
Dynamics of Data Envelopment Analysis Book PDF

Author : Jati Sengupta
Publisher : Springer Science & Business Media
Page : 296 pages
File Size : 53,8 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9789401585064

Get Book

Dynamics of Data Envelopment Analysis by Jati Sengupta Pdf

Data envelopment analysis develops a set of nonparametric and semiparametric techniques for measuring economic efficiency among firms and nonprofit organizations. Over the past decade this technique has found most widespread applications in public sector organizations. However these applications have been mostly static. This monograph extends this static framework of efficiency analysis in several new directions. These include but are not limited to the following: (1) a dynamic view of the production and cost frontier, where capital inputs are treated differently from the current inputs, (2) a direct role of the technological progress and regress, which is so often stressed in total factor productivity discussion in modem growth theory in economics, (3) stochastic efficiency in a dynamic setting, where reliability improvement competes with technical efficiency, (4) flexible manufacturing systems, where flexibility of the production process and the economies of scope play an important role in efficiency analysis and (5) the role of economic factors such as externalities and input interdependences. Efficiency is viewed here in the framework of a general systems theory model. Such a view is intended to broaden the scope of applications of this promising new technique of data envelopment analysis. The monograph stresses the various applied aspects of the dynamic theory, so that it can be empirically implemented in different situations. As far as possible abstract mathematical treatments are avoided and emphasis placed on the statistical examples and empirical illustrations.

Efficiency Analysis by Production Frontiers

Jati Sengupta
Efficiency Analysis by Production Frontiers Book PDF

Author : Jati Sengupta
Publisher : Springer Science & Business Media
Page : 255 pages
File Size : 51,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400926455

Get Book

Efficiency Analysis by Production Frontiers by Jati Sengupta Pdf

Measuring productive efficiency for nonprofit organizations has posed a great challenge to applied researchers today. The problem has many facets and diverse implications for a number of disciplines such as economics, applied statistics, management science and information theory. This monograph discusses four major areas, which emphasize the applied economic and econometric as. pects of the production frontier analysis: A. Stochastic frontier theory, B. Data envelopment analysis, C. Clustering and estimation theory, D. Economic and managerial applications Besides containing an up-to-date survey of the mos. t recent developments in the field, the monograph presents several new results and theorems from my own research. These include but are not limited to the following: (1) interface with parametric theory, (2) minimax and robust concepts of production frontier, (3) game-theoretic extension of the Farrell and Johansen models, (4) optimal clustering techniques for data envelopment analysis and (5) the dynamic and stochastic generalizations of the efficiency frontier at the micro and macro levels. In my research work in this field I have received great support and inspiration from Professor Abraham Charnes of the University of Texas at Austin, who has basically founded the technique of data envelopment analysis, developed it and is still expanding it. My interactions with him have been most fruitful and productive. I am deeply grateful to him. Finally, I must record my deep appreciation to my wife and two children for their loving and enduring support. But for their support this work would not have been completed.

Advances in Efficiency and Productivity Analysis

Christopher F. Parmeter,Robin C. Sickles
Advances in Efficiency and Productivity Analysis Book PDF

Author : Christopher F. Parmeter,Robin C. Sickles
Publisher : Springer Nature
Page : 371 pages
File Size : 41,5 Mb
Release : 2020-10-21
Category : Business & Economics
ISBN : 9783030471064

Get Book

Advances in Efficiency and Productivity Analysis by Christopher F. Parmeter,Robin C. Sickles Pdf

The volume examines the state-of-the-art of productivity and efficiency analysis. It brings together a selection of the best papers from the 10th North American Productivity Workshop. By analyzing world-wide perspectives on challenges that local economies and institutions may face when changes in productivity are observed, readers can quickly assess the impact of 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. The contributions in this volume focus on the theory and application of economics, econometrics, statistics, management science and operational research related to problems in the areas of productivity and efficiency measurement. Popular techniques and methodologies including stochastic frontier analysis and data envelopment analysis are represented. Chapters also cover broader issues related to measuring, understanding, incentivizing and improving the productivity and performance of firms, public services, and industries.

Stochastic Frontier Analysis

Subal C. Kumbhakar,C. A. Knox Lovell
Stochastic Frontier Analysis Book PDF

Author : Subal C. Kumbhakar,C. A. Knox Lovell
Publisher : Cambridge University Press
Page : 348 pages
File Size : 53,7 Mb
Release : 2003-03-10
Category : Business & Economics
ISBN : 9781107717305

Get Book

Stochastic Frontier Analysis by Subal C. Kumbhakar,C. A. Knox Lovell Pdf

Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.

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 : 40,8 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.

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

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

Author : Subal C. Kumbhakar,Hung-jen Wang (ǂd),Alan P. Horncastle
Publisher : Cambridge University Press
Page : 375 pages
File Size : 50,9 Mb
Release : 2015-02-02
Category : Business & Economics
ISBN : 9781107029514

Get Book

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.

Efficiency Analysis

Subal Kumbhakar,Christopher F. Parmeter
Efficiency Analysis Book PDF

Author : Subal Kumbhakar,Christopher F. Parmeter
Publisher : Now Publishers
Page : 140 pages
File Size : 54,9 Mb
Release : 2014-12-19
Category : Business & Economics
ISBN : 1601988966

Get Book

Efficiency Analysis by Subal Kumbhakar,Christopher F. Parmeter Pdf

Efficiency Analysis details the important econometric area of efficiency estimation, both past approaches as well as new methodology. There are two main camps in efficiency analysis: that which estimates maximal output and attributes all departures from this as inefficiency, known as Data Envelopment Analysis (DEA), and that which allows for both unobserved variation in output due to shocks and measurement error as well as inefficiency, known as Stochastic Frontier Analysis (SFA). This volume focuses exclusively on SFA. The econometric study of efficiency analysis typically begins by constructing a convoluted error term that is composed on noise, shocks, measurement error, and a one-sided shock called inefficiency. Early in the development of these methods, attention focused on the proposal of distributional assumptions which yielded a likelihood function whereby the parameters of the distributional components of the convoluted error could be recovered. The field evolved to the study of individual specific efficiency scores and the extension of these methods to panel data. Recently, attention has focused on relaxing the stringent distributional assumptions that are commonly imposed, relaxing the functional form assumptions commonly placed on the underlying technology, or some combination of both. All told exciting and seminal breakthroughs have occurred in this literature, and reviews of these methods are needed to effectively detail the state of the art. The generality of SFA is such that the study of efficiency has gone beyond simple application of frontier methods to study firms and appears across a diverse set of applied milieus. This review should appeal to those outside of the efficiency literature seeking to learn about new methods which might assist them in uncovering phenomena in their applied area of interest.

Advances in Efficiency and Productivity II

Juan Aparicio,C. A. Knox Lovell,Jesus T. Pastor,Joe Zhu
Advances in Efficiency and Productivity II Book PDF

Author : Juan Aparicio,C. A. Knox Lovell,Jesus T. Pastor,Joe Zhu
Publisher : Springer Nature
Page : 266 pages
File Size : 41,7 Mb
Release : 2020-07-20
Category : Business & Economics
ISBN : 9783030416188

Get Book

Advances in Efficiency and Productivity II by Juan Aparicio,C. A. Knox Lovell,Jesus T. Pastor,Joe Zhu Pdf

This book surveys the state-of-the-art in efficiency and productivity analysis, examining advances in the analytical foundations and empirical applications. The analytical techniques developed in this book for efficiency provide alternative ways of defining optimum outcome sets, typically as a (technical) production frontier or as an (economic) cost, revenue or profit frontier, and alternative ways of measuring efficiency relative to an appropriate frontier. Simultaneously, the analytical techniques developed for efficiency analysis extend directly to productivity analysis, thereby providing alternative methods for estimating productivity levels, and productivity change through time or productivity variation across producers. This book includes chapters using data envelopment analysis (DEA) or stochastic frontier analysis (SFA) as quantitative techniques capable of measuring efficiency and productivity. Across the book’s 15 chapters, it broadly extends into popular application areas including agriculture, banking and finance, and municipal performance, and relatively new application areas including corporate social responsibility, the value of intangible assets, land consolidation, and the measurement of economic well-being. The chapters also cover topics such as permutation tests for production frontier shifts, new indices of total factor productivity, and also randomized controlled trials and production frontiers.

New Efficiency Theory

Jati Sengupta
New Efficiency Theory Book PDF

Author : Jati Sengupta
Publisher : Springer Science & Business Media
Page : 184 pages
File Size : 43,7 Mb
Release : 2012-11-10
Category : Business & Economics
ISBN : 9783540247913

Get Book

New Efficiency Theory by Jati Sengupta Pdf

New efficiency theory refers to the various parametric and semi-parametric methods of estimating production and cost frontiers, which include data envelopment analysis (DEA) with its diverse applications in management science and operations research. This monograph develops and generalizes the new efficiency theory by highlighting the interface between economic theory and operations research. Some of the outstanding features of this monograph are: (1) integrating the theory of firm efficiency and industry equilibrium, (2) emphasizing growth efficiency in a dynamic setting, (3) incorporating uncertainty of market demand and prices, and (4) the implications of group efficiency by sharing investments. Applications discuss in some detail the growth and decline of the US computer industry, and the relative performance of mutual fund portfolios.

Efficiency Analysis by Production Frontiers

Jati Sengupta
Efficiency Analysis by Production Frontiers Book PDF

Author : Jati Sengupta
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 54,7 Mb
Release : 1988-12-31
Category : Business & Economics
ISBN : 0792300289

Get Book

Efficiency Analysis by Production Frontiers by Jati Sengupta Pdf

Measuring productive efficiency for nonprofit organizations has posed a great challenge to applied researchers today. The problem has many facets and diverse implications for a number of disciplines such as economics, applied statistics, management science and information theory. This monograph discusses four major areas, which emphasize the applied economic and econometric as. pects of the production frontier analysis: A. Stochastic frontier theory, B. Data envelopment analysis, C. Clustering and estimation theory, D. Economic and managerial applications Besides containing an up-to-date survey of the mos. t recent developments in the field, the monograph presents several new results and theorems from my own research. These include but are not limited to the following: (1) interface with parametric theory, (2) minimax and robust concepts of production frontier, (3) game-theoretic extension of the Farrell and Johansen models, (4) optimal clustering techniques for data envelopment analysis and (5) the dynamic and stochastic generalizations of the efficiency frontier at the micro and macro levels. In my research work in this field I have received great support and inspiration from Professor Abraham Charnes of the University of Texas at Austin, who has basically founded the technique of data envelopment analysis, developed it and is still expanding it. My interactions with him have been most fruitful and productive. I am deeply grateful to him. Finally, I must record my deep appreciation to my wife and two children for their loving and enduring support. But for their support this work would not have been completed.

Productivity and Efficiency Analysis

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

Author : William H. Greene,Lynda Khalaf,Robin Sickles,Michael Veall,Marcel-Cristian Voia
Publisher : Springer
Page : 331 pages
File Size : 40,8 Mb
Release : 2015-12-29
Category : Business & Economics
ISBN : 9783319232287

Get Book

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.

Data Envelopment Analysis in the Financial Services Industry

Joseph C. Paradi,H. David Sherman,Fai Keung Tam
Data Envelopment Analysis in the Financial Services Industry Book PDF

Author : Joseph C. Paradi,H. David Sherman,Fai Keung Tam
Publisher : Springer
Page : 370 pages
File Size : 41,8 Mb
Release : 2017-11-21
Category : Business & Economics
ISBN : 9783319697253

Get Book

Data Envelopment Analysis in the Financial Services Industry by Joseph C. Paradi,H. David Sherman,Fai Keung Tam Pdf

This book presents the methodology and applications of Data Envelopment Analysis (DEA) in measuring productivity, efficiency and effectiveness in Financial Services firms such as banks, bank branches, stock markets, pension funds, mutual funds, insurance firms, credit unions, risk tolerance, and corporate failure prediction. Financial service DEA research includes banking; insurance businesses; hedge, pension and mutual funds; and credit unions. Significant business transactions among financial service organizations such as bank mergers and acquisitions and valuation of IPOs have also been the focus of DEA research. The book looks at the range of DEA uses for financial services by presenting prior studies, examining the current capabilities reflected in the most recent research, and projecting future new uses of DEA in finance related applications.

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 : 51,6 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.

Efficiency and Productivity Analysis

Artem Prokhorov
Efficiency and Productivity Analysis Book PDF

Author : Artem Prokhorov
Publisher : Taylor & Francis
Page : 245 pages
File Size : 45,5 Mb
Release : 2024-02-28
Category : Business & Economics
ISBN : 9781003855200

Get Book

Efficiency and Productivity Analysis by Artem Prokhorov Pdf

This book is an easy-to-understand guide to modeling productivity and efficiency using modern statistical tools. It introduces readers to the fundamentals of stochastic frontier analysis (SFA) and gradually takes them to the forefront of academic research in this area, examining the latest concepts and methods related to the use of copulas in SFA. Following a comprehensive review of classic methodology, Professor Artem Prokhorov covers topics in panel data modeling, in endogeneity in SFA, in joint modeling of technical and allocative inefficiency, and in optimal and robust prediction of inefficiency scores. This is done using copulas to capture various kinds of statistical dependence that have been previously ignored when modeling production. The classic and advanced topics are illustrated using practical examples and codes written in modern programming languages. As an important example, the book spells out the case where both the values of output and the ratio of inputs used in production are optimized simultaneously. Such simultaneity, if ignored, leads to biased estimates of productivity and returns-to-scale and may understate inefficiency. The book offers a useful reference for those interested in the newest robust methods of business analytics in the area of productivity and efficiency, with implications for strategy, budgeting, resourcing and benchmarking of firms, industries and production units more generally.