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Benchmarking for Performance Evaluation : A Production Frontier Approach

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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

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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

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