This contribution compares existing and newly developed techniques for geometrically representing mean-variance-skewness portfolio frontiers based on the rather widely adapted methodology of polynomial goal programming (PGP) on the one hand and the more recent approach based on the shortage...

This note shows how the linear programs needed to compute cost and revenue functions under constant returns to scale and a single output or input, respectively, can be replaced with a more efficient enumeration algorithm. A numerical example illustrates this algorithm

In the literature, two main ratio-based productivity indices have been defined in terms of a primal technology notion. While the Malmquist productivity index has become very popular, it has the problem that it is not always well-defined. By contrast, the less popular Hicks Moorsteen productivity...

Quite a few studies have considered efficiency at the bank branch level by comparing mostly a single branch network, while an abundance of studies have focused on comparing banking institutions. However, to the best of our knowledge no study has ever assessed performance at the level of the...

This note first succinctly summarizes the currently available methods to solve the various nonconvex free disposal hull (FDH) models for technical efficiency as well as for minimum costs. It also offers some empirical illustration as to their computational efficiency. Second, this note briefly...

Starting from existing static decompositions of overall economic efficiency on nonparametric production and cost frontiers, this article proposes more comprehensive decompositions including several cost-based notions of capacity utilization. Furthermore, in case prices are lacking, we develop...

There is a burgeoning literature using non-parametric frontier methods to measure mutual fund performance. These articles measure the relationship between the various characteristics (mainly return information and some costs of ownership) of these specialized financial products to establish a...