New PDF release: Benchmarking for Performance Evaluation: A Production

By Subhash C. Ray,Subal C. Kumbhakar,Pami Dua

ISBN-10: 8132222520

ISBN-13: 9788132222521

ISBN-10: 8132235290

ISBN-13: 9788132235293

This publication offers an in depth advent to the theoretical and methodological foundations of construction potency research utilizing benchmarking. of the extra renowned equipment of potency overview are Stochastic Frontier research (SFA) and knowledge Envelopment research (DEA), either one of that are according to the idea that of a construction threat set and its frontier. counting on the assumed ambitions of the decision-making unit, a construction, expense, or revenue Frontier is comprised of saw info on enter and output amounts and costs. whereas SFA makes use of diverse greatest chance estimation thoughts to estimate a parametric frontier, DEA will depend on mathematical programming to create a nonparametric frontier. one more replacement is the Convex Nonparametric Frontier, that's in response to the assumed convexity of the construction risk set and creates a piecewise linear frontier which include a few tangent hyper planes.

Three of the papers during this quantity offer an in depth and comparatively effortless to stick with exposition of the underlying concept from neoclassical creation economics and supply step by step directions at the acceptable version to use in numerous contexts and the way to enforce them. Of specific charm are the directions on (i) tips to write the codes for various SFA types on STATA, (ii) how one can write a VBA Macro for repetitive resolution of the DEA challenge for every construction unit on Excel Solver, and (iii) tips on how to write the codes for the Nonparametric Convex Frontier estimation. the 3 different papers within the quantity are essentially theoretical and may be of curiosity to PhD scholars and researchers hoping to make methodological and conceptual contributions to the sector of nonparametric potency analysis.

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Benchmarking for Performance Evaluation: A Production Frontier Approach by Subhash C. Ray,Subal C. Kumbhakar,Pami Dua

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