In this paper we consider the problem of aggregation of Hicks-Moorsteen productivity indexes. The aggregate indexes are derived in a manner which is justified by economic theory, consistent with previous aggregation results, and maintains analogous decompositions to the original measures. These...

In this paper we consider aggregate (group) Malmquist productivity index measures which allow inputs to be reallocated within the group (when in output orientation). This merges the single period aggregation results allowing input reallocation of Nesterenko and Zelenyuk (2007) with the aggregate...

Die Budgetierung ist seit langem ein, wenn nicht das zentrale Controllinginstrument. Jenseits der Budgetierung setzt demnach ein neues Controllingverständnis ein. Es mangelt nicht an Stimmen, die ein rasant gesteigertes Maß an Komplexität und Dynamik in der unternehmerischen Wirklichkeit...

In this paper we extend the work of Simar (2007) introducing noise in nonparametric frontier models. We develop an approach that synthesizes the best features of the two main methods in the estimation of production efficiency. Specifically, our approach first allows for statistical noise,...

The discussion about the bias due to input (or output) aggregation in efficiency measurement based on data envelopment analysis, recently revisited by Tauer (2001) and Fare and Zelenyuk (2002) is continued. Attention is focused on the direction and the bounds of the aggregation bias.

In this article we generalize the aggregation theory in efficiency and productivity analysis by deriving solutions to the problem of aggregation of individual scale efficiency measures, primal and dual, into aggregate primal and dual scale efficiency measures of a group (e.g., industry). The new...

The banking sector plays a major role in any economy, and it played a critical role in transition of Ukraine to a market economy. In this work, we investigate the hypothesis that, despite the tremendous growth and apparent prosperity that existed before the country was hit by the global...

In this article, we revisit a recent work on pricing decision-making units by F&aauml;re et al (2013) and extend it to allow for non-constant returns to scale technologies.

Adopting a profit-based approach to the estimation of the technical efficiency of South Korean banks over the 2007Q3 to 2011Q2 period, we systematically analyse, within a non-parametric DEA analysis, how the choice of risk management control variable impacts upon such estimates. Using the model...

This paper develops two cost decompositions based on the multiplicative and additive Russell efficiency measurement framework. While the multiplicative cost decomposition is a straightforward extension of the standard cost decomposition, the decomposition we develop in this paper incorporates...