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Benchmarking for Performance Evaluation : A Production Frontier Approach

RAY, Subhash C - Personal Name; KUMBHAKAR, Subal C - Personal Name; DUA, Pami - Personal Name;

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


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Detail Information
Series Title
-
Call Number
658
Publisher
: ., 2015
Collation
XIV, 281
Language
English
ISBN/ISSN
978-81-322-2253-8
Classification
658
Content Type
-
Media Type
computer
Carrier Type
online resource
Edition
-
Subject(s)
Management
Specific Detail Info
-
Statement of Responsibility
Subhash C. Ray, Subal C. Kumbhakar, Pami Dua
Other Information
Cataloger
ratna
Source
https://link.springer.com/10.1007/978-81-322-2253-8
Validator
-
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No other version available

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  • Benchmarking for Performance Evaluation
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