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We provide an axiomatic foundation for efficiency measurement in the full space, referred to as "graph efficiency" measurement by Färe, Grosskopf, and Lovell [1985]. We posit four types of axioms: indication, monotonicity, independence of units of measurement, and continuity. We analyze six...
Persistent link: https://www.econbiz.de/10014046424
We compute DEA efficiency scores and Malmquist indexes for a panel data set comprising 68 Portuguese public hospitals …
Persistent link: https://www.econbiz.de/10014220386
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
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
of rapid capacity addition in the early 1990s coupled with the recession in the steel sector. Though our DEA results on …
Persistent link: https://www.econbiz.de/10014163691
Two alternative estimation models, i.e., a translog cost function and data envelopment analysis (DEA) based on a cost … results indicate that while the translog cost model exhibits increasing returns to scale for all the ownership groups, the DEA … is very restrictive. The DEA cost model is much more flexible in this respect: It neither requires the restrictive …
Persistent link: https://www.econbiz.de/10013116517
Radial and non-radial DEA models are distinguished on the basis of the presence of slacks. Viewing slacks as a possible …
Persistent link: https://www.econbiz.de/10013097673
This paper empirically examines the different variants of data envelopment analysis (DEA) models to select the large …
Persistent link: https://www.econbiz.de/10013097877
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
The ratio definition of efficiency has the form of a productivity measure. But the weights are endogenous variables and they do not function as weights in a productivity index proper. It is shown that extended Farrell measures of efficiency can all be given an interpretation as productivity...
Persistent link: https://www.econbiz.de/10011333654