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Title
Benchmarking for performance evaluation [electronic resource] : a production frontier approach / Subhash C. Ray, Subal C. Kumbhakar, Pami Dua, editors.
ISBN
9788132222538 electronic book
8132222539 electronic book
9788132222521
Published
New Delhi : Springer, 2015.
Language
English
Description
1 online resource.
Item Number
10.1007/978-81-322-2253-8 doi
Call Number
HD62.15
Dewey Decimal Classification
658.4/013
Summary
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.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed April 1, 2015).
Available in Other Form
Print version: 9788132222521
Introduction ? Ray, Subhash; Kumbhakar, Subal & Dua, Pami
Chapter 1. Estimation of Technical Inefficiency in Production Frontier Models Using Cross-Sectional Data by Kumbhakar, Subal C. & Wang, Hung-Jen
Chapter 2. Data Envelopment Analysis for Performance Evaluation: A Child?s Guide by Ray, Subhash C. & Chen, Lei
Chapter 3. An Introduction to CNLS and StoNED Methods for Efficiency Analysis: Economic Insights and Computational Aspects by Johnson, Andrew L. and Kuosmanen, Timo
Chapter 4. Dynamic Efficiency Measurement by Førsund, Finn R
Chapter 5. Efficiency Measures for Industrial Organization by Ten Raa, Thijs
Chapter 6. Multiplicative and Additive Distance Functions: Efficiency Measures and Duality by Pastor, Jesus T. & Aparicio, Juan.
