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In this paper Sato’s two-level CES production function has been estimated by nonlinear regression carried out through five different methods of optimization, namely, the Hooke-Jeeves Pattern Moves (HJPM), the Hooke-Jeeves-Quasi-Newton (HJQN), the Rosenbrock-Quasi-Newton (RQN), the Differential...
Persistent link: https://www.econbiz.de/10005621933
We extend the Tauer (2001) and Färe et al. (2004) analyses of aggregation bias in technical efficiency measurement to multiple criteria decision analysis. We show input aggregation conditions consistent with multiple criteria evaluation of overall efficiency in conjunction with variation in...
Persistent link: https://www.econbiz.de/10011111535
This paper investigates patterns of industrial dynamics and competition in the pharmaceutical industry, with particular reference to the consequences of patent expiry in different countries. We focus on the competition at the level of single chemical entities, distinguishing between original...
Persistent link: https://www.econbiz.de/10005034975
The Hungarian precision engineering industry, although fairly successful in the pre-war period and able to survive all the adverse corollaries of planning and CMEA orientation, might be wiped out by the long-awaited marketisation: far more competitive and powerful foreign competitors can now...
Persistent link: https://www.econbiz.de/10011110070
Data drain and data uncertainties for rival units affect the reliability and effectiveness of strategic plans for individual operational units. This study introduces a stochastic, multi-stage, optimization technique for short-term forecasting that intends to assist policy makers in developing...
Persistent link: https://www.econbiz.de/10011259245
The study results presented here are derived from a process whose purpose was the initial deployment and use of the data envelopment analysis techniques and linear programming in R environment to verify the feasibility of transferring tools supporting analyzes conducted after the project...
Persistent link: https://www.econbiz.de/10011259649
Super-efficiency data envelopment analysis (SE-DEA) models are expressions of the traditional DEA models featuring the exclusion of the unit under evaluation from the reference set. The SE-DEA models have been applied in various cases such as sensitivity and stability analysis, measurement of...
Persistent link: https://www.econbiz.de/10011260494
Operational effectiveness goes beyond efficiency while it incorporates exogenous variables, non-controllable by the service units. Effectiveness is a fundamental driver for the success of an operational unit within a competitive environment. In this context, we seek to identify the active units...
Persistent link: https://www.econbiz.de/10009643761
An aggregate measure of production efficiency involving crop and livestock enterprises is examined in the Selale and Ada regions of Ethiopia using Data Envelopment Analysis (DEA). In general, farmers in regions more suitable to crop production (Ada) tend to attain higher production efficiency...
Persistent link: https://www.econbiz.de/10005620090
The super-efficiency (SE) model is identical to the standard model, except that the unit under evaluation is excluded from the reference set. This model has been used in ranking efficient units, identifying outliers, sensitivity and stability analysis, measuring productivity changes, and solving...
Persistent link: https://www.econbiz.de/10009151614