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functions, representing the contemporary development of visualisation. By making suitable cuts through the DEA frontier in …The contributions of the paper are threefold: i) compare with mathematical rigour the Charnes, Cooper, and Rhodes DEA … and Cooper, iii) provide graphical visualisation of properties of the frontier function. Both papers by Farrell emphasised …
Persistent link: https://www.econbiz.de/10005771238
We propose a new scheme for measuring scale elasticity of production based on a new cost efficiency model developed in Tone (2002). Comparing our model with classical model we establish the superiority of our model over the latter based on the premise that the classical estimates of cost...
Persistent link: https://www.econbiz.de/10014039795
frontier translog production function and DEA are applied to data on the Indian steel industry for a period of eight years in … order to compare inferences about the production correspondence of the steel industry. Our results indicate that DEA is …
Persistent link: https://www.econbiz.de/10014039796
When benchmarking production units by non-parametric methods like data envelopment analysis (DEA), an assumption has to … frontiers across samples of producers. Until now, no exact tests for examining returns to scale assumptions in DEA, or for test … test for the hypothesis of constant returns to scale in DEA. The others are tests for general frontier differences and …
Persistent link: https://www.econbiz.de/10012132662
This paper applies a new variant of data envelopment analysis model to examine the performance of Life Insurance Corporation (LIC) of India. The findings show a significant heterogeneity visible in the cost efficiency scores within 19 years. The decline in performance after 1994-95 can be taken...
Persistent link: https://www.econbiz.de/10014163688
There are increasing concerns about how increase in congestion can adversely affect output as well as about the relative benefit-cost ratio or return on investment associated with alternative projects or policies to address those problems. Regardless of what policy strategies are used to address...
Persistent link: https://www.econbiz.de/10014163689
some valuable progress has been made exploring the economic theory underlying DEA models, these developments have remained … in their infancy and have not found enough application. An attempt is made here to examine the DEA model of efficiency …-stage production processes makes the technology structure non-convex, and therefore, the standard convex DEA production models (e …
Persistent link: https://www.econbiz.de/10014163690
Research on productive efficiency at the firm level has developed as an important and active strand of research the last decades, both within operations research, management science and economics. However, the interests pursued within the fields have had some differences regarding sound...
Persistent link: https://www.econbiz.de/10010530534
We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...
Persistent link: https://www.econbiz.de/10012731720
This article provides a generalization of the materials balance-based production model introduced by Coelli et al. (2007). Based on this, some new environmental efficiency (EE) measures are presented. The Coelli et al. (2007) EE measure and its extension by Rødseth (2016) produce biased...
Persistent link: https://www.econbiz.de/10012606693