Efficiency Analysis By Production Frontiers

Author : Jati Sengupta
Publisher : Springer Science & Business Media
Page : 255 pages
File Size : 54,7 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.

Author : Andreas Behr
Publisher : Springer
Page : 227 pages
File Size : 51,7 Mb
Release : 2016-01-09
Category : Business & Economics
ISBN : 9783319205021

Get Book

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 : Rolf Fare,Shawna Grosskopf,C. A. Knox Lovell
Publisher : Cambridge University Press
Page : 326 pages
File Size : 44,6 Mb
Release : 1994
Category : Business & Economics
ISBN : 0521420334

Get Book

Production Frontiers by Rolf Fare,Shawna Grosskopf,C. A. Knox Lovell Pdf

This book presents a mathematical programming approach to the analysis of production frontiers and efficiency measurement. The authors construct a variety of production frontiers, and by measuring distances to them are able to develop a model of efficient producer behaviour and a taxonomy of possible types of departure from efficiency in various environments. Linear programming is used as an analytical and computational technique in order to accomplish this. The approach developed is then applied to modelling producer behaviour. By focusing on the empirical relevance of production frontiers and distances to them, and applying linear programming techniques to artificial data to illustrate the type of information they can generate, this book provides a unique study in applied production analysis. It will be of interest to scholars and students of economics and operations research, and analysts in business and government.

Author : Subhash C. Ray,Subal C. Kumbhakar,Pami Dua
Publisher : Springer
Page : 281 pages
File Size : 50,9 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.

Author : Juan Aparicio,C. A. Knox Lovell,Jesus T. Pastor,Joe Zhu
Publisher : Springer Nature
Page : 266 pages
File Size : 46,7 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.

Author : Subal C. Kumbhakar,C. A. Knox Lovell
Publisher : Cambridge University Press
Page : 344 pages
File Size : 51,6 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.

Author : Subal C. Kumbhakar,Hongren Wang,Alan P. Horncastle
Publisher : Cambridge University Press
Page : 375 pages
File Size : 46,7 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,Hongren Wang,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 : Thomas R. Gulledge,C.A. Knox Lovell
Publisher : Springer Science & Business Media
Page : 214 pages
File Size : 45,8 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9789401719230

Get Book

International Applications of Productivity and Efficiency Analysis by Thomas R. Gulledge,C.A. Knox Lovell Pdf

International Applications of Productivity and Efficiency Analysis features a complete range of techniques utilized in frontier analysis, including extensions of existing techniques and the development of new techniques. Another feature is that most of the contributions use panel data in a variety of approaches. Finally, the range of empirical applications is at least as great as the range of techniques, and many of the applications are of considerable policy relevance.

Author : Subal C. Kumbhakar,C. A. Knox Lovell
Publisher : Cambridge University Press
Page : 348 pages
File Size : 52,8 Mb
Release : 2003-03-10
Category : Business & Economics
ISBN : 0521666635

Get Book

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

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. Hb ISBN (2000): 0-521-48184-8

Author : William H. Greene,Lynda Khalaf,Robin Sickles,Michael Veall,Marcel-Cristian Voia
Publisher : Springer
Page : 331 pages
File Size : 41,5 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.

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 : 53,8 Mb
Release : 2005-07-22
Category : Business & Economics
ISBN : 0387242651

Get Book

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 : Fabio Sartori Piran,Daniel Pacheco Lacerda,Luis Felipe Riehs Camargo
Publisher : CRC Press
Page : 209 pages
File Size : 50,5 Mb
Release : 2020-01-08
Category : Technology & Engineering
ISBN : 9781000766196

Get Book

Analysis and Management of Productivity and Efficiency in Production Systems for Goods and Services by Fabio Sartori Piran,Daniel Pacheco Lacerda,Luis Felipe Riehs Camargo Pdf

In companies that produce goods and services, productivity and efficiency improvements are a constant challenge. This book reviews the differences between productivity and efficiency. It proposes a new method and makes available a computational tool for implementation that contributes to facilitating the use of Data Envelopment Analysis (DEA). The book presents a discussion about productivity and efficiency, illustrating the potentials of use and conceptual differences. It covers the concepts and techniques for analysis of productivity and efficiency, analyzing critical benefits and limitations, explains in detail how to use DEA for analysis, provides innovative methods for using DEA, offers a free online computer tool with a direction guide, shows real empirical applications, and covers other techniques that can be used to complement the analysis performed. The book is for professionals, managers, consultants, students working and taking courses in productive systems of goods and services. Ancillary materials include a free online computer tool to operationalize the concepts and methods proposed in the book, a guide on how to use the method and the software developed for the DEA application. Solutions manual, instructor’s manual, PowerPoint slides, and figure slides also will be available upon qualified adoption.

Author : Rolf Färe,Shawna Grosskopf
Publisher : Springer Science & Business Media
Page : 212 pages
File Size : 53,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400918160

Get Book

Intertemporal Production Frontiers: With Dynamic DEA by Rolf Färe,Shawna Grosskopf Pdf

This book extends the efficiency literature to the case of intertemporal models. First, the authors introduce static network models which serve as building blocks for the intertemporal budgeting models and the dynamic models. Next, the authors devote two chapters to productivity measurements, which are considered as comparative static models. Intertemporal budgeting models and dynamic models are taken up subsequently. Each chapter, except the first, contains empirical applications.

Author : Ali Dogramaci,Rolf Färe
Publisher : Springer Science & Business Media
Page : 278 pages
File Size : 49,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400932531

Get Book

Applications of Modern Production Theory by Ali Dogramaci,Rolf Färe Pdf

Author : Lászlo Mátyás,Patrick Sevestre
Publisher : Springer Science & Business Media
Page : 950 pages
File Size : 53,9 Mb
Release : 2008-04-06
Category : Business & Economics
ISBN : 9783540758921

Get Book

The Econometrics of Panel Data by Lászlo Mátyás,Patrick Sevestre Pdf

This restructured, updated Third Edition provides a general overview of the econometrics of panel data, from both theoretical and applied viewpoints. Readers discover how econometric tools are used to study organizational and household behaviors as well as other macroeconomic phenomena such as economic growth. The book contains sixteen entirely new chapters; all other chapters have been revised to account for recent developments. With contributions from well known specialists in the field, this handbook is a standard reference for all those involved in the use of panel data in econometrics.